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LAHORE: The PTI government is targeting disbursement of Rs60 billion through commercial banks as clean, collateral-free loans among small and medium enterprises (SMEs) over the next three years, says a senior official of the Small and Medium Enterprise Development Authority (Smeda).
“The SMEs, mostly small businesses, will be eligible to obtain bank loans up to Rs10 million on the basis of their ‘cash flow’ statements as the potential borrowers will not be required to pledge the asset with the lender(s),” the Smeda official, who was not willing to give his name since the scheme is yet to be approved by the Economic Coordination Committee (ECC), told Dawn.