{"id":81063,"date":"2021-11-02T10:16:21","date_gmt":"2021-11-02T05:16:21","guid":{"rendered":"https:\/\/www.zameen.com\/news\/?p=81063"},"modified":"2021-11-02T10:16:21","modified_gmt":"2021-11-02T05:16:21","slug":"secp-nbfcs-loans-government-schemes","status":"publish","type":"post","link":"https:\/\/www.zameen.com\/news\/secp-nbfcs-loans-government-schemes.html","title":{"rendered":"SECP allows NBFCs to extend loans under government schemes"},"content":{"rendered":"\n<p>Islamabad: The Securities and Exchange Commission of Pakistan (SECP) on Friday (October 29) has proposed amendments to the Non-Banking Finance Companies (NBFC) for the provision of the Kamyab Jawan Programme, news sources reported. <\/p>\n\n\n\n<p><strong>Read:<\/strong> <a href=\"https:\/\/www.zameen.com\/news\/kamyab-jawan-programmes-25-funds-allocated-for-females.html\" target=\"_blank\" rel=\"noreferrer noopener\">Kamyab Jawan Programme\u2019s 25% funds allocated for females<\/a><\/p>\n\n\n\n<p>The circular stated that the NBFC will now be able to extend housing loans of up to PKR 2.7 million under the government\u2019s <a href=\"https:\/\/www.zameen.com\/news\/secp-shares-statistics-on-licenses-issued-to-hfcs-for-promoting-housing-sector.html\" data-type=\"post\" data-id=\"77754\" target=\"_blank\" rel=\"noreferrer noopener\">mark-up subsidy scheme for low-cost housing<\/a>. Similarly, the NBFC\u2019s will enable to extend wholesale loans for the Kamyab Pakistan Programme. \u00a0 According to the information provided, the <a href=\"https:\/\/www.zameen.com\/news\/secp-warns-against-investment-in-ponzi-schemes.html\" data-type=\"post\" data-id=\"80994\" target=\"_blank\" rel=\"noreferrer noopener\">SECP<\/a> issued circular number 23 of 2021 under sub-section (3) of section 282B of the Companies Ordinance, 1984, read with regulations I5B and 17(3), as well as Regulation 67A of the Non-Banking Finance Companies and Notified Entities Regulations, 2008. <\/p>\n\n\n\n<p><strong>Read:<\/strong> <a href=\"https:\/\/www.zameen.com\/news\/kamyab-jawan-programme-expanded-five-fold.html\" target=\"_blank\" rel=\"noreferrer noopener\">Kamyab Jawan Programme expanded five-fold<\/a><\/p>\n\n\n\n<p>&nbsp;Similarly, wholesale loans granted by commercial banks to NBMFCs &#8211; for onward extension of loans by NBMFCs -under the programme, would not be considered in the computation of NBMFC Aggregate Liabilities under rule 15B (1) of the NBFC Regulations.&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Islamabad: The Securities and Exchange Commission of Pakistan (SECP) on Friday (October 29) has proposed amendments to the Non-Banking Finance Companies (NBFC) for the provision of the Kamyab Jawan Programme, news sources reported. Read: Kamyab Jawan Programme\u2019s 25% funds allocated for females The circular stated that the NBFC will now be able to extend housing loans of up to PKR 2.7 million under the government\u2019s mark-up subsidy scheme for low-cost housing. Similarly, the NBFC\u2019s will enable to extend wholesale loans for the Kamyab Pakistan Programme. \u00a0 According to the information provided, the SECP issued circular number 23 of 2021 under sub-section (3) of section 282B of the Companies Ordinance, 1984, read with regulations I5B and 17(3), as well as Regulation 67A of the Non-Banking Finance Companies and Notified Entities Regulations, 2008. Read: Kamyab Jawan Programme expanded five-fold &nbsp;Similarly, wholesale loans granted by commercial banks to NBMFCs &#8211; for onward extension of loans by NBMFCs -under the programme, would not be considered in the computation of NBMFC Aggregate Liabilities under rule 15B (1) of the NBFC Regulations.&nbsp;<\/p>\n","protected":false},"author":84,"featured_media":75882,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[15017],"tags":[35449,26309,49258],"persona":[],"class_list":{"0":"post-81063","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-notices-announcements","8":"tag-housing-loan-subisdy","9":"tag-kamyab-jawan-programme","10":"tag-secp-allows-nbfcs-to-extend-loans-under-government-schemes","11":"cat-15017-id"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>SECP allows NBFCs loans under government schemes- Zameen News<\/title>\n<meta name=\"description\" content=\"the SECP on October 29 has proposed amendments to the Non-Banking Finance Companies (NBFC) for the provision of the Kamyab Jawan Programme\" \/>\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\/secp-nbfcs-loans-government-schemes.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"SECP allows NBFCs loans under government schemes- Zameen News\" \/>\n<meta property=\"og:description\" content=\"the SECP on October 29 has proposed amendments to the Non-Banking Finance Companies (NBFC) for the provision of the Kamyab Jawan Programme\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.zameen.com\/news\/secp-nbfcs-loans-government-schemes.html\" \/>\n<meta property=\"og:site_name\" content=\"Pakistan Real Estate News &amp; 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