Refinance Scheme for Working Capital Financing of SEs and low end MEs
Purpose of Facility:
This is a term finance facility to meet the working capital requirement of selective SME sectors.
Scope & Eligibility:
• Financing will be initially available to meet the working capital requirements of below mentioned SME sectors:
| Information Technology (IT) |
Furniture |
Surgical Goods |
Data Processing |
| Gems & Jewelry |
Leather Industry |
Fruits, vegetables and food processing & packaging |
Printing & Packaging |
• All small enterprises (SEs) as defined in SBP’s Prudential Regulations (PRs) will be eligible under the scheme.
• Medium Enterprises (MEs) with annual sales of up to Rs. 300 million will be eligible under the scheme.
Financing Limits:
• Maximum financing limit for SEs is the same as defined in SBP’s PRs for SME financing
• Maximum financing limit for MEs is Rs. 50 million
• Bank of Punjab shall establish the borrowing limits of eligible borrowers keeping in view credit requirements, cash flows, repayment capacity and risk profile of the borrower
Financing Tenure:
Maximum loan tenor will be 1 year
Rate of Mark-up:
Financing is available at markup rate of 6% per annum
Processing Charges:
As per SOC