KARACHI: The Union of Small and Medium Enterprises (Unisame) has felicitated State Bank of Pakistan Governor Reza Baqir on the intended launch of the SME Aasan Business Loan Scheme in the afternoon, a statement said on Monday.

Unisame president Zulfikar Thaver said that it is reported that Insha Allah the central bank will launch the SME Aasan Business loan of up to Rs10 million without collateral and eight banks will be selected/nominated for the purpose.

The markup rate will be 9 per cent/per annum inclusive of the handsome bank spread of 8 per cent for the banks coming forward to offer services under the scheme.

Thaver said that this is indeed a big step to facilitate the sector and Unisame is proud of the SBP’s positive initiative.

The State Bank of Pakistan has played a positive role during the pandemic and rescheduled loans and influenced commercial banks to facilitate the sector beyond expectations, he added.

Now, this step to facilitate the SMEs and enable the banks to offer SME Aasan Business loans will go a long way in the development of the sector, Thaver said.

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