SME Loan Scheme in Pakistan 2022 full details

The Federal Government has announced the Small and Medium Entrepreneur (SME) Policy.

Addressing a press conference on SME policy along with Federal Minister for Information Fawad Chaudhry, Minister for Industries and Production Khusro Bakhtiar said that the federal cabinet had approved a cohesive SME policy in the history of Pakistan. And new business start-ups will also get unsecured loans on easy terms.

The Federal Minister said that SMEs have been divided into three tiers. In the first tier, many sectors do not require any NOC. And now the inspector will not go like this, a portal has been created in this regard which will eliminate bribery.

Khusro Bakhtar said that 30,000 new businesses would be given unsecured loans of up to Rs. 10 million. Allocated in Punjab, Balochistan and Khyber Pakhtunkhwa. SMEs will also be awarded contracts within government contracts. 25% tax exemption has been given to women in SME sector.

He said that a fund of Rs. 30 billion has been allocated under SMEDA, up to Rs. Will provide