SBP Subsidized Business Loan At Low mark Up For Retaining Workforce

State Bank has announced a big subsidized loan scheme for business who retail their workforce for next three months.
STate bank giving this loan at 5% for Non filers and at % for Filers
Businesses have been divided into three categories.
Category 1 business are those whose expenses are Rs.200 Million and such business can avail commercial banks loans of Rs.200 Millions at subsidies rates for 2.5 Years.
Category 2 Business are those whose expenses are Rs.500 Million and they can avail finance facility of 50% of their expenses.
category three business fall in between to of these and these can avail 75% of their expenses as loan facility.
This is refinance facility and is available for 2.5 Years and time period is negotiable.
Principal amount repayment will be started after six month.

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