{"id":48305,"date":"2019-01-29T18:17:48","date_gmt":"2019-01-29T18:17:48","guid":{"rendered":"https:\/\/www.zameen.com\/blog\/?p=48305"},"modified":"2020-01-27T07:52:39","modified_gmt":"2020-01-27T07:52:39","slug":"pkr-410-mn-grant-approved-for-480-smes-in-kp","status":"publish","type":"post","link":"https:\/\/www.zameen.com\/news\/pkr-410-mn-grant-approved-for-480-smes-in-kp.html","title":{"rendered":"PKR 410 mn grant approved for 480 SMEs in KP"},"content":{"rendered":"<p>Peshawar: A sum of more than PKR 410 million has been approved for over 480 Small &amp; Medium Enterprises (SMEs) in Khyber-Pakhtunkhwa (KP), a news source reported. The Economic Revitalisation of KP and FATA (ERKF) \u2013 funded by the Multi-donor Trust Fund (MDTF) \u2013 approved the grant under the Round-II of the project.<\/p>\n<p>This second round received a positive response from the business community of the province. More than 3,000 SMEs have applied for the grants. These are SME\u2019s that belong to the districts hit by calamities and terrorism. It particularly included the Malakand division. The Project Unit (PU) established under the Small &amp; Medium Enterprises Development Authority (SMEDA) received the applications.<\/p>\n<p>Read:<a href=\"https:\/\/www.zameen.com\/news\/kp-to-get-online-tendering-system-next-month.html\" target=\"_blank\" rel=\"noopener noreferrer\">\u00a0KP to get online tendering system next month<\/a><\/p>\n<p>Sources reported that the largest number of applications came from Lower Dir, followed by Swat and Chitral. Analyses show that women entrepreneurs have expressed keen interest in the project, with over 270 women having applied for the grant.<\/p>\n<p>Grants are also being offered for the concerns of rehabilitation, up-gradation, and cluster development. These grants have paved the way for private sector investment in the province.<\/p>\n<ul>\n<li>Up to PKR 2.5 million for rehabilitation<\/li>\n<li>Up to PKR 2 million for upgrading<\/li>\n<li>Up to PJR 10 million for cluster development under Common Facilitation Centre (CFC)<\/li>\n<\/ul>\n<p>Two committees will be responsible for processing the incoming cases. These are, namely, the Documentation Review Committee (DRC) and the Grants Review &amp; Decision Committee (GRMC).<\/p>\n<p>The first will review the documents and present them to the second committee. The latter, featuring both public and private sector representation, will take decisions based on majority voting procedures &#8211; after having thoroughly scrutinized the cases.<\/p>\n<p>This project\u2019s first round was successfully completed in the 2012-17 period. It surpassed its targets by a factor of 200%, and distributed grants worth PKR 1.5 billion among 1,700 SMEs. Collectively, it has been responsible for creating thousands of direct and indirect jobs in the region.<\/p>\n<p>Read:\u00a0<a href=\"https:\/\/www.zameen.com\/news\/finance-department-proposes-changes-in-kp-administrative-units-policy.html\" target=\"_blank\" rel=\"noopener noreferrer\">Changes proposed in KP administrative units policy<\/a><\/p>\n<p>For the second round, the authorities concerned have sanctioned PKR 1.2 billion for SMEs both in KP and FATA.<\/p>\n<p>Interested individuals can obtain application forms from the following locations:<\/p>\n<ul>\n<li>Sarhad Chamber of Commerce &amp; Industry (SCCI)<\/li>\n<li>Department of Tourism &amp; Industry<\/li>\n<li>Women Chamber of Commerce &amp; Industry (WCCI) Peshawar<\/li>\n<li>SMEDA\u2019s official website<\/li>\n<\/ul>\n<p>The project has also re-advertised a notification welcoming applications from SME\u2019s; including women-run businesses, tourism-related businesses, and CFC or cluster grant requests.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Peshawar: A sum of more than PKR 410 million has been approved for over 480 Small &amp; Medium Enterprises (SMEs) in Khyber-Pakhtunkhwa (KP), a news source reported. The Economic Revitalisation of KP and FATA (ERKF) \u2013 funded by the Multi-donor Trust Fund (MDTF) \u2013 approved the grant under the Round-II of the project. This second round received a positive response from the business community of the province. More than 3,000 SMEs have applied for the grants. These are SME\u2019s that belong to the districts hit by calamities and terrorism. It particularly included the Malakand division. The Project Unit (PU) established under the Small &amp; Medium Enterprises Development Authority (SMEDA) received the applications. Read:\u00a0KP to get online tendering system next month Sources reported that the largest number of applications came from Lower Dir, followed by Swat and Chitral. Analyses show that women entrepreneurs have expressed keen interest in the project, with over 270 women having applied for the grant. Grants are also being offered for the concerns of rehabilitation, up-gradation, and cluster development. These grants have paved the way for private sector investment in the province. Up to PKR 2.5 million for rehabilitation Up to PKR 2 million for upgrading Up&hellip;<\/p>\n","protected":false},"author":68,"featured_media":37601,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[15012],"tags":[10178],"persona":[],"class_list":{"0":"post-48305","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-allied-industries","8":"tag-details-on-pkr-410-mn-grant-approved-for-480-smes-in-kp","9":"cat-15012-id"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>PKR 410 mn grant approved for 480 SMEs in KP - Zameen News<\/title>\n<meta name=\"description\" content=\"Peshawar: A sum of more than PKR 410 million has been approved for over 480 Small &amp; Medium Enterprises (SMEs) in Khyber-Pakhtunkhwa (KP), a news\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.zameen.com\/news\/pkr-410-mn-grant-approved-for-480-smes-in-kp.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"PKR 410 mn grant approved for 480 SMEs in KP - Zameen News\" \/>\n<meta property=\"og:description\" content=\"Peshawar: A sum of more than PKR 410 million has been approved for over 480 Small &amp; 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