CREDIT GUARANTEE SCHEME FOR WOMEN ENTREPRENEURS IN UNDERSERVED AREAS

Salient Features:

Target market	Women entrepreneurs in underserved areas * (detail of areas mentioned in Annexure-A)
Maximum financing amount	Rs. 1.5 million
Financing tenor and grace period	Upto 5 years with grace period of upto 6 months
End user mark-up rate	Upto 5% per annum
SBP’s refinance rate	0%
Purpose of financing	Setting up of new businesses or expansion of existing ones
Risk coverage	60% of outstanding principal
Collateral requirements	May be secured collaterally bur as per SBP guideline it should preferably be on the basis of personal guarantee of the borrower

Under the scheme, refinancing will be provided by State Bank of Pakistan at 0% to participating financial institutions.

To avail risk coverage against the loan, bank will follow the process and fulfill all terms and conditions as outlined under Credit Guarantee Scheme (CGS) for Small and Rural Enterprises http://www.sbp.org.pk/smefd/circulars/2017/C1.htm.

Note: The information contained in this website is for general information purposes only and is subject to change by SBP / NBP. For latest information on the said scheme, please visit nearest branch of NBP.