Please refer to IH&SMEFD Circular No. 10 of 2013 dated November 18, 2013 on the captioned subject.

2.   With a view to provide sufficient time period to the targeted borrowers to repay their business loans from the positive cash flows of their businesses, the grace period under the subject programme has been extended from a maximum of six months to one year.

3.   In order to build diversified portfolio of loans and avoid excessive concentration/ credit exposure to a single sector, the banks participating under the programme are advised to ensure that not more than 5000 loans are disbursed to a single sector under the programme.

4.   The banks are further advised to ensure meticulous compliance with the instructions of SBP’s IH&SMEFD Circular No. 10 of 2013 to achieve the desired objectives.