The Presidents/CEOs
All Banks/DFIs
Dear Sirs/Madams,
Refinance Facility
for Modernization of SMEs- Expansion in the
Scope
Please refer to SMEFD
Circular No. 07 dated May 06, 2010 regarding
Refinance Facility for Modernization of Small
and Medium Enterprises (SMEs) and subsequent
instructions issued from time to time on the
subject.
2. It has been observed that
emissions from conventional brick kilns, most
of which are located in or around urban and
sub-urban settlements, are a major source
of air pollution and smog. The emission of
carbon and other particulate matter can be
significantly cut down by adoption of the
new zigzag technology. It would also allow
cost saving by cutting down on fuel consumption.
3. In this respect, it is
clarified that refinance for purchase of plant
and machinery for upgradation of existing
conventional brick kilns and establishment
of zigzag technology based brick kilns, being
SMEs, is available under the above mentioned
Circular. As a further facilitation in line
with SBP’s efforts to promote environmental
considerations under green banking, refinance
under the Scheme shall also be available for
carrying out civil works up-to 20% of total
project cost for conversion of conventional
brick kiln and up-to 50% of total project
cost for establishment of a new zigzag technology
based brick kiln.
4. Other terms and conditions of the Scheme
shall remain unchanged.