{"id":65150,"date":"2020-05-07T12:44:42","date_gmt":"2020-05-07T07:44:42","guid":{"rendered":"https:\/\/www.zameen.com\/news\/?p=65150"},"modified":"2020-05-07T12:48:44","modified_gmt":"2020-05-07T07:48:44","slug":"sbp-introduces-refinance-scheme-to-support-employment-for-smes","status":"publish","type":"post","link":"https:\/\/www.zameen.com\/news\/sbp-introduces-refinance-scheme-to-support-employment-for-smes.html","title":{"rendered":"SBP introduces \u2018Refinance Scheme to Support Employment\u2019 for SMEs"},"content":{"rendered":"\n<p>Islamabad: The Ministry of Finance and the State Bank of Pakistan (SBP) on Wednesday jointly launched a risk-sharing mechanism that will allow the country\u2019s banks to avail SBP\u2019s Refinance Scheme to Support Employment, according to news sources. In this regard, the banks that are eligible for this scheme are those that choose to lend to Small and Medium-scale Enterprises (SMEs).<\/p>\n\n\n\n<p><strong>Read:<\/strong> <a href=\"https:\/\/www.zameen.com\/news\/sbp-asked-provide-easy-loans-small-businesses.html\" target=\"_blank\" rel=\"noreferrer noopener\">SBP asked to provide easy loans to small businesses<\/a><\/p>\n\n\n\n<p>SBPs Refinance Scheme to Support Employment and <a href=\"https:\/\/www.zameen.com\/news\/sbp-directs-bank-provide-refinancing-businesses.html\" target=\"_blank\" rel=\"noreferrer noopener\">Prevent Layoff<\/a> of Workers will assist the SMEs that are facing problems in arranging acceptable collateral to receive loans, as banks are hesitant to take on additional risk in these trying times.<\/p>\n\n\n\n<p><strong>Read:<\/strong><a href=\"https:\/\/www.zameen.com\/news\/sbp-introduces-cheap-loans-scheme-prevent-layoffs.html\"> <\/a><a href=\"https:\/\/www.zameen.com\/news\/sbp-introduces-cheap-loans-scheme-prevent-layoffs.html\" target=\"_blank\" rel=\"noreferrer noopener\">SBP introduces cheap loans scheme to prevent layoffs<\/a><\/p>\n\n\n\n<p>As per the official statement issued by the SBP, the government has set aside PKR 30 billion for this credit risk-sharing facility for the banks \u2014 with the scheme to be &nbsp;exercised over a span of four years to assist with the burden of losses incurred owing to bad loans. Under this facility, the government will share 40% of the first loss on the principal portion of the loans disbursed by the lending banks. The SBP has further announced that banks are not allowed to demand additional collateral over and above 60% of the principal amount and mark-up.<\/p>\n\n\n\n<p>Due to the impact of coronavirus, the SBP&#8217;s Refinance Scheme to Support Employment and Prevent Layoff of Workers will only be applicable for businesses that resolve to not lay off workers over the coming three months \u2014 as they can avail credit from banks to pay three-months worth of wages at a concessional mark-up rate.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Islamabad: The Ministry of Finance and the State Bank of Pakistan (SBP) on Wednesday jointly launched a risk-sharing mechanism that will allow the country\u2019s banks to avail SBP\u2019s Refinance Scheme to Support Employment, according to news sources. In this regard, the banks that are eligible for this scheme are those that choose to lend to Small and Medium-scale Enterprises (SMEs). Read: SBP asked to provide easy loans to small businesses SBPs Refinance Scheme to Support Employment and Prevent Layoff of Workers will assist the SMEs that are facing problems in arranging acceptable collateral to receive loans, as banks are hesitant to take on additional risk in these trying times. Read: SBP introduces cheap loans scheme to prevent layoffs As per the official statement issued by the SBP, the government has set aside PKR 30 billion for this credit risk-sharing facility for the banks \u2014 with the scheme to be &nbsp;exercised over a span of four years to assist with the burden of losses incurred owing to bad loans. Under this facility, the government will share 40% of the first loss on the principal portion of the loans disbursed by the lending banks. The SBP has further announced that banks are&hellip;<\/p>\n","protected":false},"author":75,"featured_media":64432,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[15017,15153],"tags":[28336,28335,21853],"persona":[],"class_list":{"0":"post-65150","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-notices-announcements","8":"category-trade","9":"tag-refinance-scheme-to-support-employment-and-prevent-layoff","10":"tag-sbp-introduces-refinance-scheme-to-support-employment-for-smes","11":"tag-state-bank-of-pakistan-sbp","12":"cat-15017-id","13":"cat-15153-id"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>SBP introduces \u2018Refinance Scheme to Support Employment\u2019 for SMEs - Zameen News<\/title>\n<meta name=\"description\" content=\"Islamabad: The Ministry of Finance and the State Bank of Pakistan (SBP) on Wednesday jointly launched a risk-sharing mechanism that will allow the\" \/>\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\/sbp-introduces-refinance-scheme-to-support-employment-for-smes.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"SBP introduces \u2018Refinance Scheme to Support Employment\u2019 for SMEs - Zameen News\" \/>\n<meta property=\"og:description\" content=\"Islamabad: The Ministry of Finance and the State Bank of Pakistan (SBP) on Wednesday jointly launched a risk-sharing mechanism that will allow the\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.zameen.com\/news\/sbp-introduces-refinance-scheme-to-support-employment-for-smes.html\" \/>\n<meta property=\"og:site_name\" content=\"Pakistan Real Estate News &amp; 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