Please refer to SMEFD Circular No. 02 dated February 14, 2011 along with other instructions issued from time to time on the captioned subject.

2. In order to facilitate Participating Financial Institutions (PFIs) and streamline procedure for subject facility, following changes have been made in CGS:

1. In order to create Developmental Impact on Small and Rural Enterprises, PFIs would now adopt sector specific approach. For the purpose, out of the total allocated limits, PFIs would lend 30% to specific sectors, starting from July, 2015. This limit would increase to 50% in second year and to 100% from third year onwards. The limits of only those PFIs will be enhanced in future which will fully utilize their sector specific limits. Moreover, PFIs would be required to intimate to SBP, 2-3 sectors for the purpose.
   
2. Guarantee Claims may be lodged within 20 days after completion of quarter. PFIs would also attach the e-CIB reports of the individuals cases for which claims would be lodged.
   
3. Recoveries under subject scheme may be reimbursed to SBP BSC within 10 days.
   
4. Reporting Form CG-1a has been merged with CG-1. Moreover, the reporting formats CG-1, CG-2 and CG-4 have been revised and attached.
   
5. The reporting frequency of CG-2 “Reporting of outstanding position of guaranteed loans” has been changed from monthly to quarterly.
   
6. The reporting of “Reimbursement of recoveries on guaranteed loans” on CG-4 would now be made on monthly basis.

3. Other terms and conditions of the Scheme remain unchanged.

Encl: As Above Appendix-I for CG-1 - Appendix-II for CG-2 - Appendix-III for CG -3 - Appendix-IV for CG-4