| Name of Scheme | Temporary Economic Refinance Facility (TERF) | Refinance Facility for Combating COVID-19 (RFCC) | Refinance Scheme for Payment of Wages & Salaries to Workers and Employees of Business Concerns |
|---|---|---|---|
| Purpose | For setting up of new industrial units / BMR of existing units | To develop capacity for treatment of COVID-19 patients | To ease cash flow constraints of employers and avoid layoffs |
| Scope & Eligibility Criteria | Long-term finance facility for the purchase of new imported and locally manufactured plant & machinery for new projects / BMR of existing units | Long-term finance facility for the purchase of new imported or locally manufactured medical equipment for combating COVID-19 and/or civil works for isolation wards. All registered hospitals and medical centers engaged in controlling COVID-19 are eligible. | Financing of wages and salaries for permanent, contractual, daily wagers, and outsourced employees from April 2020 to June 2020. Government entities, public sector enterprises, autonomous bodies, and financial institutions are not eligible. Government will bear 40% first loss (principal only) for eligible borrowers with maximum sales turnover of PKR 2 billion. |
| Maximum Limit | PKR 5 Billion per project | PKR 500 Million (per hospital/medical center) | Category A: ≤ PKR 500 MillionCategory B: Up to PKR 1,000 Million |
| Tenor | 10 years, including grace period of up to 2 years | 5 years, including grace period of up to 6 months | 2.5 years, including 6 months grace period |
| End User Rate | Maximum 7% p.a. (SBP refinance rate: 3%) | Maximum 3% p.a. (SBP refinance rate: 0%) | Maximum 5% p.a. for end usersSBP service charges: 2% p.a. (corporate/commercial)1% p.a. (SMEs) |
| Rebate for Tax Filers | — | — | Maximum end user rate: 3.0% p.a. (No SBP refinance rate) |
Download FAQs – SBP Salary Refinance Scheme for Businesses
FAQs - SBP Salary Refinance Scheme
