Rs 200 million SME credit line scheme remains unutilised
Array
(
)
)
–> A big amount of Rs 200 million allocated in the annul development programme (ADP) of Khyber-Pakhtunkhwa for financial year 2011-12 for extending support to SME sector in the province remained unutilised for last one and half year. The fund for extending financial support to small traders of Khyber-Pakhtunkhwa was proposed during the interim set up headed by then chief minister Engineer Shams-ul-Mulk and an amount of Rs 100 million was allocated under SME Credit Line Scheme.
The present provincial government while recognising the importance of SME sector not only doubled the amount, but also included it in its annual development programme. However, despite the passage of one and half year not a single penny of the fund has been utilised and it is still in the current account of the Bank of Khyber (BoK). A large number of small shopkeepers have started complaining about the none-utilisation of the fund and attributing it to conditionality of the recommendation of Sarhad Chamber of Commerce
We recommend you visit the following site for more complete information and related topics. Article source: http://www.brecorder.com/business-a-economy/189/1252504/