KARACHI - The SBP has extended the expiry date of refinance scheme for revival of SMEs & agricultural activities in flood affected areas by one-year from November 30, 2012 to November 30, 2013, says SBP circular issued here on Monday. Refinance limits already sanctioned in favour of selected banks under this scheme will also continue to be available up to November 30, 2013.
Banks/ Development Finance Institutions (DFIs) can also apply for enhancement of limits after utilisation of their existing limits. Further, other interested banks/ DFIs, having branches in flood affected areas, may also apply to IH&SME Finance Department of SBP for sanctioning of fresh limits under the scheme separately for agriculture and SMEs, the circular added.