LAHORE - Small and Medium Enterprises Development Authority (SMEDA), in association with the government of Khyber Pakhtunkhwa and FATA secretariat, has made a breakthrough in economic revival of the SMEs damaged by the militancy crisis in the province of Khyber Pakhtunkhwa. Yousaf Naseem Khokhar, Chief Executive Officer, SMEDA while addressing a meeting of Managing Committee at SMEDA head office informed that the project titled as ‘Economic Revitalisation of Khyber Pakhtunkhwa and FATA’ (ERKF) and funded by Multi-Donor Trust Fund (MDTF) under the auspices of World Bank (WB) had successfully been executed. The project is helping a lot in revitalisation of the private sector in the crisis-affected regions through direct support for the Small and Medium Enterprises (SMEs), attracting investments from the diaspora, and institutional capacity building including regulatory reforms, he said adding that the project is funded under MDTF grant of $20 million, which is being executed by the World Bank through SMEDA, the Department of Industries, Khyber Pakhtunkhawa and FATA Secretariat. CEO SMEDA further said that the SME Development component of the project has an allocation of $14 million with a share of $9.1 million and $4.9 million for Khyber Pakhtunkhwa and FATA respectively. The SME Development component is exclusively being implemented by SMEDA. There are three subcomponents of the grant programme, viz: rehabilitation, up-gradation supports and capacity building and business development, he said.Khokhar said that the rehabilitation component is being provided as a direct support to the affected SMEs in the form of matching grants to the eligible enterprises to be used as working capital for reconstruction of basic infrastructure and acquiring, repairing machinery and equipment etc.