SBP Covid-19 Schemes


  • SBP REFINANCING SCHEMES FOR COVID-19

    Name of Schemes Temporary Economic Refinance Facility (TERF) Refinance Facility for Combating COVID – 19 (RFCC) Refinance Scheme for Payment of Wages & Salaries to the Workers and Employees of Business Concerns
    Purpose For setting up of new industrial units/existing units BMR To develop capacity for treatment of infected patients of COVID 19 To ease cash flow constraints of the employers and thereby avoid layoffs.
    Scope & Eligibility Criteria Long term finance facility for purchase of new imported and locally manufactured plant & machinery for setting of new projects/existing units BMR Long term finance facility for purchase of new imported and locally manufactured medical equipment to be used for combating COVID-19 and/or civil works for setting up of isolation wards. All hospitals and medical centers registered with respective provincial/federal agencies / commissions engaged in controlling and eradication of COVID-19 will be eligible under the facility. The Scheme aims to finance wages and salaries of permanent, contractual, daily wagers as well as outsourced employees of existing as well as new borrowers of banks and DFIs for the months from April 2020 to June 2020. Government Entities, Public Sector Enterprises, Autonomous Bodies and Financial Institutions will not be eligible under this Scheme:
    Government will bear 40% first loss on disbursed portfolio (principal portion 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 Centre) Category A – Less than or equal to PKR 500 M
    Category B – Up to PKR  1,000 M
    Tenor: 10 years including grace period up to 2 years 5 years including grace period of up to 6 months 2.5 years including grace period of 6 months
    End User Rate: Maximum 7% p.a. (SBP rate of refinance will be 3%) Maximum 3% per annum (SBP rate of refinance will be 0%) Maximum 5% per annum (p.a.) for end users. SBP rate of service charges for banks/DFIs will be 2% p.a. per annum for corporate/commercial borrowers and 1% p.a. for SME borrowers
    Rebate for tax filers: Maximum end user rate will be 3.0% p.a. (No SBP refinance rate)

  • Useful Documents