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SBP Refinancing Schemes

State Bank of Pakistan (SBP) offers refinance facilities to SMEs with an aim to support industrial growth and exports with the ultimate objective of promoting overall economic development of the country. SBP introduced special schemes under its refinance window to ensure adequate supply of financing at subsidized rates.

1. Refinance Scheme for Payment of Wages & Salaries to the Workers & Employees of Business Concerns


Purpose of Loan: Wages & Salaries (April to Sep 2020).
End Borrower Rate: Filer @ 3% p.a, Non Filer @ 5% p.a. Islamic Modes Available.

Repayment​
​Loan payments will commence from Jan 2021 inclusive of 06 Months Grace Period

Loan Limit​​​​
1) Max. Rs. 500 Million. (100% of 03 Months Salaries and Wages Bill of less than equal to Rs. 500M)  
2) Rs. 500 Million - Rs. 1,000 Million (75% of Salaries and Wages Bill or Rs. 500M, whichever is higher)

​ 

Risk Sharing Facility
​​Customers having maximum sales up to Rs.2 billion will be eligible for 60% risk coverage through Risk Sharing Facility offered by State Bank of Pakistan. ​

Eligibility
All legal entities in Pakistan engaged in legitimate Businesses.

Sectors
All sectors of the Industry including Financial Institutions having non checking deposits.


Documentation & Other Requirements:

  • Operational Bank Account with HBL
  • Loan Request Letter & Financials as per SBP Regulations
  • Other documents for Credit Processing to be conveyed by Bank
  • Banks standard Legal documentation applies

2. Export Refinancing Schemes


Purpose:
  • Financing is available to direct exporters including manufacturers, trading companies, new exporters and indirect exporters. Financing can be availed at pre-shipment and/or post-shipment stage against firm export contract / LCs.
Eligibility:
  • Direct/Indirect Exporters including manufacturers, trading companies and service providers.
  • Copy of Export Contract / LC, application for finance by exporter, demand promissory note and undertaking (For Part I).
  • Two time export performance annually of commodities eligible under the scheme (For Part II).
Pricing:
  • SBP Refinance rate + 2%
Tenor:
  • 180 days (with rollover option)

3. Refinancing Facility for Modernization of SMEs


Purpose:
  • To purchase / import of new machinery for BMR of existing SME units & setting up of new SME units and for purchase of new generators up to 500 KVA. In case of imported machinery, financing will be against LCs only.
Eligibility:
  • SME borrowers as defined in SBP PRs.
Loan Amount:
  • Imported machinery: up to C & F value
  • Local manufactured machinery: ex-factory / showroom price.
Pricing:
  • 6% p.a or as per latest SBP directives.
Tenor:
  • Maximum 10 years (including maximum 06-month grace period)

4. Markup Subsidy & Guarantee Facility for the Rice Husking Mills in Sindh


Purpose:
  • Sindh Enterprise Development Fund (SEDF) in collaboration with SBP offering financing facility to rice husking mills in Sindh for modernization of existing unit or establishing new units.
Eligibility:
  • Rice Husker in Sindh.
Loan Amount:
  • Maximum Rs.10 million to single borrower (for mechanized dryers up to Rs.16 million).
Pricing:
  • End User rate is 2%.
Tenor:
  • Maximum 05 years (including maximum 06-month grace period).

5. Financing Facility for Storage of Agricultural Produce (FFSAP)


Purpose:
  • To encourage private sector for establishment, expansion and balancing, modernization & replacement (BMR) of Steel/Metal/Concrete Silos, Warehouses & Cold Storage facilities for storing agricultural produce ​

Eligibility:
  • SME borrowers as per SBP PRs.
Loan Amount:
  • Maximum Rs.500 million to a single project.
Pricing:
  • 6% p.a or as per latest SBP directives.
Tenor:
  • Maximum financing tenor is 7 years (10 years for SMEs) including grace period of up to 6 months​

6. Financing Scheme for Renewable Energy


Purpose:
  • Financing is availing to address challenge of energy shortage and climate change through promotion of renewable energy. Scheme is available under three categories..
Eligibility:
  • Category-I : For setting up Renewable Energy Power Projects with a capacity ranging from more than 1MW to 50MW.
  • Category-II: For installing Renewable Energy source based projects / solutions for generation of electricity up to 1MW.
  • Category-III: Vendors and Suppliers certified under AEDB Certification Regulation 2018 for installation of wind and solar systems on lease basis or selling of electricity to ultimate owners / users.
Loan Amount:
  • Category-I: PKR 06 billion for single project.
  • Category-II: PKR 400 million for a single borrower.
  • Category-III: PKR 01 billion for single vendor / supplier.
Pricing:
  • 6% p.a. or as per latest SBP directives
Tenor:
  • Category-I: Maximum 12 years (including 02 years grace period).
  • Category-II: Maximum 10 years (including 03 months grace period).
  • Category-III: Maximum 10 years.

7. Long term Financing Facility (LTFF) for Plant & Machinery


Purpose:
  • For local purchase and import of new plant, machinery, equipments and generator / captive power plant to promote export led industrial growth in the country.
Eligibility:
  • Exports oriented projects for SBP prescribed sectors with annual export equivalent to USD 05 million or at least 50% of the sales whichever is lower.
Loan Amount:
  • Maximum Rs.1.5 billion to a single export oriented unit.
Pricing:
  • 6% p.a or as per latest SBP directives.
Tenor:
  • Maximum 10 years (including maximum 02 year grace period)

8. Refinance Scheme for Working Capital Financing of Small Enterprises and Low-End Medium Enterprises


Purpose:
  • To meet working capital requirements for sectors as prescribed by SBP.
Eligibility:
  • All Small Enterprises as per SBP PRs.
  • Medium Enterprises with annual sales with up to Rs.300 million.
Loan Amount:
  • Small Enterprise: Up to Rs. 25 million.
  • Medium Enterprise: Up to Rs.50 million.
Pricing:
  • 6% p.a or as per latest SBP directives.
Tenor:
  • Maximum 01 year.

9. Refinance & Credit Guarantee Scheme for Women Entrepreneurs


Purpose
  • To improve access to finance for women entrepreneurs in the underserved areas of the country for setting up new businesses or expansion of existing business.
Eligibility
  • All women entrepreneurs across the country
Loan Amount
  • Maximum Rs.1.5 million
Pricing
  • 5% p.a. or as per latest SBP directives
Tenor
  • Maximum 05 years (including maximum grace period of 06 months)

Note: Above mentioned information is subject to change as per SBP directive. For further information, please visit www.sbp.org.pk or visit nearest HBL branch.