SBP issues procedure for loans under PM’s Kamyab Jawan SME Lending Program

SBP issues procedure for loans under PM’s Kamyab Jawan SME Lending Program

KARACHI: State Bank of Pakistan (SBP) on Thursday issued procedure for obtaining loan under Prime Minister’s Kamyab Jawan SME Lending Program.

In a letter to banks, the SBP said that small enterprises stimulate economic growth by providing employment opportunities, fostering innovation and reducing income inequalities.

Lack of adequate financing facilities from formal sources is one of the key challenges faced by the small enterprises and youth entrepreneurs. Government of Pakistan, is cognizant of this situation and is fully committed to enable youth to avail affordable financing from banks for establishing new business or strengthening their existing business.
In order to provide self-employment opportunities to unemployed youth, Government of Pakistan is launching Prime Minister’s Kamyab Jawan SME Lending Program across the country.

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