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Training Seminar for Leather Sector SMEs on SBP’s Financing Schemes, Sialkot

Small and Medium Enterprises Development Authority (SMEDA) and the State Bank of Pakistan (SBP), in collaboration with Pakistan Gloves Manufacturers and Exporters Association (PGMEA) organized a one day Seminar aimed at creating awareness about SBP’s financing products and services available to the Leather Sector SMEs.

The seminar was attended leather industry SMEs from the Sialkot. Mr.  Qamar Munir - Senior Vice Chairman PGMEA welcomed the representatives and appreciated the interest of SBP and SMEDA towards the leather sector SMEs

Mr. Iqbal Hussain - Joint Director IH & SME Finance Department, SBP, commended the Sialkot business community for having a major share in the total export volume of our economy. He explained the Short Term and Long Term Export Financing Schemes of SBP. He elaborated the documentation required, eligibility criteria as well as bonuses and penalties associated with these lending schemes. Mr Iqbal also differentiated between Transaction and Performance Based Lending.

The aim of the event was to educate local SMEs about the benefits of availing formal financing and to educate them about the SBPs facilities which have been designed specifically for SMEs

Training Seminar for SMEs of Leather Footwear Sector, Peshawar on SBP’s Financing Schemes

Small and Medium Enterprises Development Authority (SMEDA) along with the State Bank of Pakistan (SBP) organized a one day Seminar aimed at creating awareness about SBP’s financing products and services available to the SMEs of Leather Footwear Sector, on 27th February in Peshawar.

The seminar was attended by industry representatives from leather footwear as well as printing and publication sectors. Mr Rashid Amman from SMEDA – KPK introduced SMEDA’s scope of work and highlighted the various projects being carried out through SMEDA – KPK chapter. He advised the participants on how they can take advantage of the business support facilities and programs being provided through SMEDA.

Mr Akhtiar Ahmed – Joint Director from SBP, provided an overview of the SME sector and discussed various financing facilities that have been designed by the regulatory body to assist SMEs. He also elaborated on the pre-requisite documentation requirements, processing protocols and participating banks for the schemes.

The aim of the event was to educate local SMEs about the benefits of availing formal financing and to educate them about the SBPs facilities which have been designed specifically for the SMEs. The participants were also given an overview of the banking sector.

AWARENESS SEMINAR ON PMYBL FOR WOMEN ENTREPRENEURS

The Small and Medium Enterprises Development Authority (SMEDA) has launched a country-wide move to attract women entrepreneurs towards Prime Minister Youth Business Loan (PMYBL) through a series of awareness seminars by holding the first seminar of this series today at SMEDA head office under aegis of its Women Entrepreneurs Development Cell. Chairman Senate’s Standing Committee on Industries and Production Senator Hiayatullah, Senator Taj Haider, Senator Mrs. Khalida Parveen, Senator Mst. Kalsoom Parveen, Ms. Shazia Suleman, President Women Chamber of Commerce and Industry Lahore Chapter and Mr. Sher Ayub, CEO SMEDA attended the seminar as Guests of Honor. Whereas, Raja Hassanien Javed, Provincial Chief SMEDA-Punjab gave a detailed presentation on PMYBL to the participants coming from various sectors of women based businesses.

The guest senators unanimously urged the women to become active part of the national economy by entering into different fields of the SME sector. They acknowledged that PMYBL was the best option for financial support of the female young entrepreneurs. They appreciated SMEDA for having direct interaction with women entrepreneurs about incentives offered under the scheme.

CEO SMEDA Mr. Sher Ayub, replying to a question regarding further easing of the scheme for women to increase number of female applicants, assured to take up the suggestion with the concerned quarter for consideration. However, he vowed to continue direct communication with women entrepreneurs on government support facilities for entrepreneurship development with a special focus on PMYBL.

Earlier, the presentation given by Provincial Chief SMEDA-Punjab Mr. Hassanien Javed revealed that PMYBL had a 50% quota for women aging between 21-45 years and 5% quota for “Shaheed”’s widows and disabled persons. He informed that so far only 14% applicants out of the total received applications belonged to women. He further informed that initially the mark-up on PMYBL was 8%, which has been reduced to 6%. The balance part of the mark-up as per the market rate would be paid by the government of Pakistan to the banks, he said adding that only one reference and one guarantor is required for the loan. Since the loan is purely a business credit, therefore, applicants would have to produce a viable business plan or a prefeasibility study, for which over 100 business feasibilities are available on SMEDA website both in English and Urdu for guidance of the applicants.

Ms. Shazia Suleman, President WCCI-Lahore appreciated SMEDA for opening an awareness move on PMYBL especially for women. She stressed to expand the awareness campaign also to the less developed areas of the country.

Later, Ms. Tania Buttar, Deputy General Manager and Head Women Entrepreneurship Development Cell delivered vote of thanks to the participants.

It is to remember that PMYBL Scheme offers business loan facility to young entrepreneurs up to Rs.2 million for 8 years with an equity participation of only 10% by the applicant.

HANDBOOK ON INITIATIVES FOR SME PROMOTION AND DEVELOPMENT BY SBP, SMEDA & SECP

The SME sector has been encouraged to get the maximum benefit from initiatives of State Bank of Pakistan, Small and Medium Enterprises Development Authority and Securities and Exchange Commission of Pakistan (3S). Focus of State Bank of Pakistan is towards increasing access to banking and finance. SMEDA, through its initiatives, promotes and facilitates the SME sector by offering various services and SECP provides an enabling regulatory environment for SMEs all over Pakistan. 

 

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