• About
  • Team
  • Advertise
  • Terms
  • Privacy Policy
  • Contact
Thursday, August 11, 2022
INCPak
  • World
  • National
    • Islamabad
    • Azad Kashmir
    • Balochistan
    • Khyber Pakhtunkhwa
    • Gilgit Baltistan
    • Sindh
    • Punjab
    • FATA
  • Automotive
  • Tech
    • Tech News
    • Custom Roms
    • Tips & Tricks
    • INCPak Roms
    • Reviews
    • Phone Reviews
    • Stock ROMs
    • What’s new?
    • Computer Stuff
  • Business
  • Education
  • Entertainment
  • Fun Time
    • Kids Corner
    • Poems
    • Stories
  • More
    • Health
    • Editorial
    • Information
    • Travel
    • Beauty
    • Food
    • Music
    • Movies
    • Sports
    • Documentaries
    • Personalities
    • History
    • Economy
    • Emergency Numbers
No Result
View All Result
  • World
  • National
    • Islamabad
    • Azad Kashmir
    • Balochistan
    • Khyber Pakhtunkhwa
    • Gilgit Baltistan
    • Sindh
    • Punjab
    • FATA
  • Automotive
  • Tech
    • Tech News
    • Custom Roms
    • Tips & Tricks
    • INCPak Roms
    • Reviews
    • Phone Reviews
    • Stock ROMs
    • What’s new?
    • Computer Stuff
  • Business
  • Education
  • Entertainment
  • Fun Time
    • Kids Corner
    • Poems
    • Stories
  • More
    • Health
    • Editorial
    • Information
    • Travel
    • Beauty
    • Food
    • Music
    • Movies
    • Sports
    • Documentaries
    • Personalities
    • History
    • Economy
    • Emergency Numbers
No Result
View All Result
INCPak
No Result
View All Result

SBP extends relief package to borrowers availing loans under Refinance Schemes

by Ali Gulrez
Apr 4, 2020
in Business
0

State Bank of Pakistan (SBP) has continuously been reviewing the challenges arising out of COVID‐19 pandemic situation with particular reference to the financial sector and taking measures. Expanding the scope of its recently announced relief package for households and businesses, SBP has taken another major step today.  State Bank has allowed similar relaxations, as provided under the relief package, on its concessional refinance schemes.

SBP relief Package
SBP extends relief package to borrowers availing loans under Refinance Schemes

Under various refinance schemes loans are provided with preferential terms and conditions to promote growth in priority sectors of the economy. Now the relaxation allowed for deferment in repayment of principal amount for one year for corporate, consumer, agriculture, SMEs and microfinance sectors, will now be available on financing of banks/ DFIs under SBP’s refinance schemes as well.

With this deferment of principal, the complete repayment schedule/tenor of the loan will be extended by one year. The borrowers will, however, continue servicing their mark up during the period of principal deferment.

In case borrowers are not able to service mark‐up payment, banks/DFIs may reschedule/restructure the loan in such a manner that tenor of the loan can go up to one year beyond the existing maximum tenor of the respective scheme.

Borrowers of SBP’s following refinance schemes and their Shariah alternatives would benefit from this relaxation:

  • Long Term Financing Facility (LTFF) 
  • Financing Facility for Storage of Agricultural Produce (FFSAP)
  • Refinance Facility for Modernization of SMEs
  • Refinance and Credit Guarantee Scheme for Women Entrepreneurs
  • Refinance Scheme for Working Capital Financing of Small Enterprises and Low‐End Medium Enterprises
  • Small Enterprise (SE) Financing and Credit Guarantee Scheme for Special Persons
How to apply online for Ehsaas Emergency Cash Program via web portal

Follow INCPAK on Facebook / Twitter / Instagram  for update.

Tags: Coronavirus ReliefCOVID19Featuredrelief packageSBPState Bank of Pakistan
ShareTweetSend

Related Posts

USD to PKR, Dollar Rate in Pakistan, Dollar to PKR, US Dollar, Pakistani Rupee, Exchange Rate, PKR, Currency Exchange Rate
Business

USD to PKR – Dollar Rate in Pakistan – 11 August 2022

Aug 11, 2022
Gold Rate in Pakistan, Gold Rate Pakistan, Gold Price in Pakistan, Gold Price Pakistan, Gold Rate in Pakistan Today, Gold Price in Pakistan Today, Gold Rate, Gold Price
Business

Gold Rate in Pakistan Today – 11 August 2022

Aug 11, 2022
SISA,SITA, Sarwa Islamic Savings Account, Sarwa Islamic Term Account
Business

National Savings Launches Two Shariah Compliant Schemes – SISA & SITA

Aug 10, 2022
USD to PKR, Dollar Rate in Pakistan, Dollar to PKR, US Dollar, Pakistani Rupee, Exchange Rate, PKR, Currency Exchange Rate
Business

USD to PKR – Dollar Rate in Pakistan – 10 August 2022

Aug 10, 2022
Gold Rate in Pakistan, Gold Rate Pakistan, Gold Price in Pakistan, Gold Price Pakistan, Gold Rate in Pakistan Today, Gold Price in Pakistan Today, Gold Rate, Gold Price
Business

Gold Rate in Pakistan Today – 10 August 2022

Aug 10, 2022
Proceed Realization Certificates, PRCs, PRC, e-PRC, Remittance
Business

Banks to Issue Proceed Realization Certificates Electronically

Aug 6, 2022
Gold Rate in Pakistan, Gold Rate Pakistan, Gold Price in Pakistan, Gold Price Pakistan, Gold Rate in Pakistan Today, Gold Price in Pakistan Today, Gold Rate, Gold Price
Business

Gold Rate in Pakistan Today – 6 August 2022

Aug 6, 2022
TAG, EMI, TAG Pakistan, TAG Wallet
Business

SBP Orders TAG to Refund Outstanding Funds to Customers Over Regulatory Violations

Aug 5, 2022
Mera Pakistan Mera Ghar, Mera Pakistan Mera Ghar Scheme, Mera Pakistan Mera Ghar Program, Mera Pakistan Mera Ghar Complaints
Business

SBP Appoints Focal Persons For Addressing Complaints of Mera Pakistan Mera Ghar Customers

Aug 5, 2022
Load More
Next Post
Free Home delivery shops in Rawalpindi

Free Home delivery shops in Rawalpindi

United States Coronavirus COVID-19 Italy Spain China

United States coronavirus cases surge past 300,000 with over 8100 deaths

Coronavirus Cases in Pakistan COVID-19 Sindh Punjab Gilgit Baltistan United States Italy Spain

Coronavirus cases in Pakistan surge to 2754 with 43 deaths

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

INCPak Discover YouTube Channel

INCPAK Discover

Latest

  • NEPRA Hikes K-Electric Power Tariff by Rs. 11.10 Per Unit
  • HEC Announces Inter-University Essay Writing Competition With Cash Prizes
  • USD to PKR – Dollar Rate in Pakistan – 11 August 2022
  • Gold Rate in Pakistan Today – 11 August 2022
  • Intermediate Exams in Karachi Postponed Due to Rain
  • National Savings Launches Two Shariah Compliant Schemes – SISA & SITA
  • Punjab Lifts Restriction on Business Timings & Sunday Closure
  • WhatsApp Introducing Three New Privacy Features
  • USD to PKR – Dollar Rate in Pakistan – 10 August 2022

Follow us on Twitter

INCPAK Twitter

Follow us on Instagram

Qries

USD to PKR Rates

Qries

INCPak Official logo

INCPak Official Logo

Trending

  • Petrol Prices in Pakistan
  • USD to PKR Rates
  • MTMIS – Online Vehicle Verification
  • Ehsaas Program
  • Punjab Rozgar Scheme
  • Naya Pakistan Housing Program
  • Mera Pakistan Mera Ghar Loan

Site Links

  • About
  • Team
  • Advertise
  • Terms
  • Privacy Policy
  • Contact
  • About
  • Team
  • Advertise
  • Terms
  • Privacy Policy
  • Contact

All rights reserved © 2022 INCPak - Independent News Coverage Pakistan - (Digital News Portal)

No Result
View All Result
  • World
  • National
    • Islamabad
    • Azad Kashmir
    • Balochistan
    • Khyber Pakhtunkhwa
    • Gilgit Baltistan
    • Sindh
    • Punjab
    • FATA
  • Automotive
  • Tech
    • Tech News
    • Custom Roms
    • Tips & Tricks
    • INCPak Roms
    • Reviews
    • Phone Reviews
    • Stock ROMs
    • What’s new?
    • Computer Stuff
  • Business
  • Education
  • Entertainment
  • Fun Time
    • Kids Corner
    • Poems
    • Stories
  • More
    • Health
    • Editorial
    • Information
    • Travel
    • Beauty
    • Food
    • Music
    • Movies
    • Sports
    • Documentaries
    • Personalities
    • History
    • Economy
    • Emergency Numbers

All rights reserved © 2022 INCPak - Independent News Coverage Pakistan - (Digital News Portal)