SME banking
RAAST SME Refinance Scheme
Body
RAAST Modernization Financing Scheme for SMEs (State Bank of Pakistan Scheme):
| Purpose: | Financing of New local and imported machinery for existing and new industrial units. Including generators up to 500KVA. |
|---|---|
| Tenor of the Financing: | Up to 5 years with 6 months grace period. |
| Profit rate to end user: | Zero percent for the 1st year and 2% p.a for remaining years. |
| Security: | As per Bank policy |
| Amount of Financing: | Upto Rs.20M (Maximum) |
| Sectors: | Mainly Manufacturing sectors |
| Mode of financing: | Shariah Compliant Islamic products of Islamic Banking Group (IBG) of BOK. |
| Government Subsidy: | 6% p.a. for first year and 4% p.a. for remaining years per financing. |
Terms & Conditions Applied
RAAST Working Capital Financing Scheme for Small Enterprises and Low end Medium Enterprises (SBP Scheme):
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Purpose: |
For working capital (Operational Cost including raw material) for existing & new SMEs |
|---|---|
|
Tenor of the Financing: |
Upto 1 year. (Revolving Limit) |
|
Profit rate to end user |
Zero percent for the 1st year and 2% p.a for maximum two more years (subject to renewal of facilities at the end of each year) |
|
Security: |
As per Bank policy |
|
Amount of Financing |
Upto Rs.20M Maximum |
|
Sectors |
Information Technology, Furniture, Surgical Goods, dates processing, gems & jewellery, leather Industry, Fruits, vegetable & food processing and packaging, printing & packaging. SBP Changes in the list will be applicable |
|
Mode of financing |
Shariah Compliant Islamic products of Islamic Banking Group of BOK. |
|
Government Subsidy |
6% p.a for first year and 4% p.a for remaining two years per financing.
|
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Availment: |
Subsidy available for maximum 3 years per enterprise After 3 years SBP rack rate will be applicable. |
Terms & Conditions Applied
Interested SME's may avail this scheme by visiting below designated branches, list of branches along with focal persons for the scheme are follows:
|
Division Name |
Branch Name |
Focal Person |
Contacts |
|---|---|---|---|
|
Peshawar
|
IBB Industrial Estate |
Ijaz Ahmed |
03339391833 |
|
IBB Asmai Gate Peshawar City |
Mohammad Shafiq |
091-2566535 |
|
|
Kohat |
IBB Industrial Estate |
Ijaz Ahmed |
03339391833 |
|
D.I Khan |
IBB D.I Khan |
Rais Ahmed Jan |
03459888330 |
|
Hazara |
IBB Abbottabad |
Naeem Abbasi |
(0992)341431-32 |
|
IBB Shahrah e Resham |
Atif Raqeeb |
03005954050 |
|
|
Malakand |
IBB Mingora |
Saddam Hussain |
03028578984 |
|
IBB Timergara |
Ayaz Khan |
03018950941 |
|
|
IBB Chitral |
Amir Hamza |
03015146322 |
|
|
Mardan |
IBB Mardan Cantt/ Swabi/Nowshera |
Mian Nadeem Sarwar |
03349105515 |
Focal Person for the above two schemes at Head Office is Mr. Ihtisham Tahir in Islamic SME Asset Department (Contact No: 03339166862; email Id: Ihtisham.tahir@bok.com.pk)
To Apply Online Click Here
For further information please call our 24/7 call center at 021-111 265 265
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