Please refer to IH&SMEFD Circular No. 06 dated March 12, 2013 along with other instructions issued from time to time on the captioned subject.

2. It is advised that with effect from July 01, 2015, mark up rate for the subject facility shall be 6.0% for financing up-to 5 years as applicable under SBP’s Refinance Facility for Modernization of SMEs. However, the end-user rate will continue to be 2.75% per annum, while the difference between the facility rate and end-user rate i.e. 3.25% being SBP’s refinance rate will be borne by Sindh Enterprise Development Fund (SEDF).

3. In order to encourage and incentivize banks under the subject scheme, SEDF has decided to pay 1.5% in addition to 2.75% (already being paid as banks margin under the scheme), to concerned banks through SBP.

4. All other terms and conditions of the scheme remain unchanged.