Under this scheme, bank will provide financing facilities to women entrepreneurs to meet credit needs of their small & medium businesses. This initiative also empowers women in agribusiness, boosts agricultural productivity and fosters inclusive policies that integrate women into value chains.
Features & Benefits:
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Maximum Limit: SME: Up to PKR 10 million.
Agri: Up to PKR 5 million.
SBP Refinance & CG Scheme for Women Entrepreneurs: Up to Rs. 5M or as per SBP scheme amended from time to time. - Medium/Long Term Finance (LTF): Up to 5 years
- Passenger/Commercial vehicles
- Medium/ LTF: Monthly / Quarterly / Biannually in case of farm credit after grace period (if any).
- Pricing: 6M Kibor + 5% p.a.
- Loans booked under SBP Refinance Scheme (as per related eligibility criteria) will be charged flat 5% p.a. as per scheme.
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Equity Participation for Existing Businesses: Minimum 20%
For Startup Businesses: Minimum 30%
Equity participation for permanent working capital loan: 40% - Loan will be secured preferably against PGs of proprietor/ partners/ directors.
Eligibility:
- Age of Sponsor/Sole Proprietor: 21 to 60 years.
- Individual/Proprietor/Partners/Directors are Citizen of Pakistan having valid CNIC with entrepreneurial potential.
- In case of Partnership & Companies, one or more of the owners, partners or directors must be woman/women & holds 50% or more shareholdings in partnership/company.
- Have Alfalah Pehchaan Current Account with BAFL.
- Residence or business place is within 40 KM from extending branch (For Agri Businesses) and within same city for SME Businesses.
Rates & Charges:
- Processing Fee 1% of approved limit or Min. Rs. 10,000 whichever is higher – for fresh loans or as approved by Approving authority.
- Term Loan: Penal mark-up to be charged as per existing applicable rate.
- AFF (Financing Mode): Late Payment Charges to be charged as per SOC
- AFF (Leasing Mode): Additional Lease Rentals (ALRs) to be charged as per SOC
FAQ’s
Is there any age restriction?
Yes, the age of the sponsor/sole proprietor should be between 21-60 years.
How many female sponsors are required in partnership concerns/ private limited company?
Partner or director must be woman/women & hold 50% or more shareholding in the company.
What Security is required?
Loan will be preferably secured against PGs of proprietor/ partners/ directors.