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PM’s Small Business Loan Scheme
- Saturday, October 05, 2013 - From Print Edition


LAHORE: The Small and Medium Enterprises Development Authority (Smeda) has completed 50 fresh pre-feasibility studies for the Prime Minister’s recently announced Small Business Loan Scheme for young entrepreneurs, with an allocated budget of Rs5.0 billion for the year 2013-14.


According to Smeda, all the pre-feasibility studies have been made available free of cost on Smeda’s website from Friday, October 4.


A spokesperson of Smeda said this is first time in Smeda’s history that such a large number of pre-feasibility studies have been compiled in the record time of 15 days.


The pre-feasibility studies cover 15 major and potential business areas, including Agricultural products, chemicals, construction, dairy and livestock, energy, fisheries, food, furniture, gems and jewellery, horticulture, leather, marble, mineral, services and textile.


The 50 businesses in the stage of pre-feasibility studies include: Seedoil Extraction Unit (Cottonseed), rose water, honey production, processing, packing and marketing, injection moulding plastic products, light weight roof-tiles manufacturing units, Interior Designing and Landscaping, Goat Fattening Farm, Sheep Fattening Farm, Calf Fattening Farm, Camel Farming, Dairy Farm, Layer Farming, Meat Shop, Poultry Farm, Veterinary Clinic, Fodder Production & Trading Company, UPS and Stabiliser Assembling Units, Inland Fish Farming, Shrimp Farming, Bakery and Confectionery, etc.


It is notable that the Prime Minister’s “Small Business Loans Scheme” for young entrepreneurs, with an allocated budget of Rs5.0 billion for 2013-14, is designed to provide subsidised financing at and 8 percent mark-up per annum for 100,000 beneficiaries.


This will initially be done through designated financial institutions, including National Bank of Pakistan and First Women Bank Ltd.