PESHAWAR
On directives of the Special Assistant to KP CM on Industries & Trade, Abdul Karim Khan, the Small Industries Development Board (SIDB) organized an awareness seminar regarding soft loan upto Rs.10 million for SMEs in the province here on Tuesday.
Besides, Managing Director (MD) SIDB Syed Zafar Ali Shah, Deputy Managing Director (DMD), Nauman Fayyaz, DMD Mohammad Saleem, former president Sarhad Chamber of Commerce & Industry (SCC() Maqsood Anwar Pervez, president, Industrialists Association Kohat Road, Waheed Arif, Senior Officer State Bank of Pakistan (SBP), Abdullah Afridi, Vice President BoK Akhundzada Tehmeed, Additional Director of the Bank of Khyber (BoK), Asad Kakakhel, local industrialists and other officers of BoK attended the seminar at large.
Addressing the seminar, the Additional Director BoK, Asad Kakakhel said that the government is making efforts for promotion of industries to generate employment opportunities. For this purpose, he said the provincial government has introduced a loan scheme of upto Rs.10 million for beginning and enhancement of business for businessmen.
He said that applicants for the facility are not required any guarantee or asset and would be provided on simple personal surety and recovered within a period of three years on soft terms and conditions.
He said that the success of the scheme will help continue the process and for this purpose industrialists would be provided all positive guidance.
Speaking on the occasion, MD SIDB Syed Zafar Ali Shah appreciated the step of the provincial government for economic development and provision of employment. He said it is a pilot project and its success will be followed by more similar schemes to resolve the problems of the local industrialists and traders.
