A Term Finance Facility is launched for women entrepreneurs across the country to boost economic activities.
Features and Benefits:
- Financing is initially available to meet the working capital requirements of existing business and to set up a new business
- Maximum financing tenor under the scheme is five years.
- Financing under the scheme is for women borrowers preferably under the personal guarantee of the borrower
- Repayment of loans by borrowers shall be made in equal quarterly installments after grace period (if any).
Markup rate:
End user rate is up to 5% p.a. with SBP’s refinance rate of 0% p.a.
Financing Criteria :
- Financing under the scheme is for setting up of new business enterprises or for expansion of existing ones
- In case of new Business:
- Feasibility based lending
- Equity Participation: 50% Target Market Financing Limits.
Maximum Limit
Rs. 5 million
Financing Tenure
Up to 5 years limit with maximum grace period of 6 month
Purpose of Financing
Setting up of new businesses or expansion of existing ones.