SBP introduced this refinance facility for wide range of SME clusters / sectors. Financing shall be available for;
- Purchase of new imported / local plant & machinery for BMR/new SME units.
- Import / local purchase of new generators up to a maximum capacity of 500 KVA.
- Purchase of plant and machinery for up-gradation of existing conventional brick kilns and establishment of zigzag technology-based brick kilns, being SMEs.
Salient Features:
- IRFMS will be financed through Diminishing Musharakah mode.
- Maximum financing tenor will be ten (10) years.
- The maximum limit for obtaining financing under this scheme shall be as per SME PRs.
- Refinance Rate: 6.00%