Please refer to SMEFD Circular No. 11 dated July 01, 2010 read with SMEFD Circular Letter No. 13 dated August 31, 2010 on the captioned subject.

2.         In this connection it is advised that as per modus operandi of above subsidy Scheme the rate of mark up differential for 4th installment, for six months ending on 31st December 2011, has been worked out at 6.02% p.a. Accordingly, banks and DFIs may calculate the amount of mark up rate differential on outstanding business loans of above areas, on the basis of 6.02% p.a. and keeping in view the terms & conditions contained in above Scheme.

3.         However, MFBs may calculate mark up rate differential to the extent of 22.5% p.a. as communicated in our letter No. SMEFD/Relief-KPK, FATA / X / 2010 -1779 dated September 24, 2010 addressed to MFBs. 

4.         Duly completed claims may be submitted at SBP-BSC (Bank), Peshawar, for reimbursement of mark-up rate subsidy for the period 01-07-2011 to 31-12-2011 on prescribed claim forms, separately for Textile Sector & Other Eligible Sectors. These claims can be submitted during January 01 to January 31, 2012.

                        Other instructions on the subject shall remain unchanged.