Mission

To achieve the overall objectives of integrating SMEs in a supportive financial sector through development and promotion of a conducive regulatory environment, undertaking initiatives for capacity building of financial institutions, spreading awareness about SME finance and strengthening coordination among stakeholders.

Vision

Creation of an inclusive financial system, supported by effective regulatory measures, aimed at integrating SMEs in the mainstream banking sector, on a fast track basis, with ready access to formal sources of finance.

About Us

A separate department has been established with the objective to support the integration and development of SME sector. The new department will make efforts toward formulation and implementation of an effective strategy with the overall objective to develop SME sector on a fast track basis. The Department will also focus on providing an enabling regulatory framework for SMEs with specific reference to the varying needs of different clusters, assessing their credit needs, capacity building of banks/DFIs and adopting the awareness building measures through seminars and conferences.

The department comprises of the following two divisions

• Strategy and Policy Division
• Special Initiatives Division

Brief functions and objectives of these two divisions are as given below:

Strategy and Policy Division
The Division is responsible for formulation and implementation of an SME Development Strategy, review of the existing Prudential Regulations in light of the specific requirements of the clusters in special and SME Sector in general as well as capacity building of banks.

Special Initiatives Division
The Division will undertake special initiatives for enhancing finance to SMEs. In this perspective, concept papers would be developed for introduction of Credit Guarantee Schemes, Venture Capital Funds, Credit Scoring Mechanisms and Credit Rating Agency etc. The division will also coordinate work on conducting a triennial survey of SMEs in Pakistan. Further the division will also prepare a quarterly review of SME finance that will enable the SBP to analyze the overall financing trends in SME Sector.