LAHORE - Small and Medium Enterprises Development Authority has provided financial relief to about 11242 miro-enterprises in 29 districts of Pakistan, which were badly affected by the devastating flood in 2010.

 Yousaf Naseem Khokhar, CEO SMEDA, at a meeting with Business and Sector Development Division (BSDS) of SMEDA informed that SMEDA had formed estimates to enumerate the extent of devastation caused by the tragic flood in 2010, according to which about 310,000 micro, small and medium enterprises had badly been affected by this disaster. Basing upon this backdrop, a project had been agreed between SMEDA and UNDP (United Nations Development Programme) with financial support of $3.9 million from European Union. The project titled as “Early Recovery & Restoration Flood Affected Communities in Pakistan” aimed to provide cash grants and business development services, stimulating economic activity in disaster struck, predominantly poor, rural areas where people had lost their businesses and livelihood in floods of 2010.