Salient Features Brief Description

Small business Loans will focus on (but will not be restricted to unemployed youth, especially educated youth looking for establishing or extending business enterprises. ll !en"#omen holding $%&$, aged between '( and )* years with entrepreneurial potential to apply from designated branches mapped with area of residence"business. -ne .uarantor Business hypothecation *12 of loans will go to women borrowers. 415(1 6he borrowers7 contribution of e,uity would be in the form of cash or immo8able property and will be re,uired after appro8al of the loan. 6he maximum tenor of the loan is 9 years, including one year:s grace period 92 fixed of borrower. .o8ernment will pay the difference of the cost of ;&B-+ < *11 bps. (11,111 >pto +s ',111,111 (6wenty Lacs? +s. * Billion &&n the first instance, %ational Bank of /akistan (%B/? and 0irst #omen Bank Limited (0#BL? under the guidance and super8ision of State Bank of /akistan( SB/? to ensure participation of pri8ate banks5 a? /ri8ate banks will be re,uired to participate in this scheme on the basis of soundness of business proposalsA and b? SB/ will encourage pri8ate banks to build this portfolio commensurate with their si=e. c? SB/ will arrange appropriate training for pri8ate banks to implement this scheme. d? %B/ will continue to play the lead role

Eligibility criteria

Security +e,uirements /ermissible $ollaterals 0ocus on women Debt3E,uity ratio

Loan /eriod /ricing %umber of loans Si=e of Loan llocation in budget '1(@3() Executing agency

Sectors and /roducts

ll sectors. Standardi=ed schemes "proBects"undertakings will be designed by S!ED , proBects designed by pri8ate sector ser8ice pro8iders or indi8iduals themsel8es will also be admissible.

+ole of S!ED 5 a? 6he *1 feasibilities prepared and uploaded by S!ED will b extensi8ely publici=ed and their access to public made easier through multiple linkages with other rele8ant websites. b? S!ED will work closely with /unBab &nformation 6echnology Board (/&6B? to ensure that the schemes are accessible to those who participate in /&6B sur8ey. pplication 0orm 6he 0orm would be both in English and >rdu, and re,uired minimum essential information with simple format. 6he processing time will not exceed (* days and will be so stated clearly in the application formA and 6he form would be readily a8ailable both in branches and through dedicated websites of the banks. %on3 refundable form processing fee will be +s. (11 (-ne Cundred? !onitoring SB/ will publish consolidated information about the loans extended under the scheme for information of the public on ,uarterly bases on its websiteA n effecti8e $omplaints $enter to process and resol8e complaints will be set upA E3go8ernment directorate of !inistry of &6 will pro8ide support .eographical Distribution #hole of /akistan. &n case of Baluchistan, at least one branch of %B/ will be designated per Di8ision. ll non3designated branches will also pro8ide and recei8e filled application forms and dispatch them to the nearest branches.