SMEDA launches Helpdesk for SME fi­nanc­ing

The Pak Banker - - FRONT PAGE -

Small and Medium En­ter­prises De­vel­op­ment Au­thor­ity (SMEDA) has launched ' SME Fi­nanc­ing Helpdesk' to fa­cil­i­tate the SMEs to en­joy easy ac­cess for fi­nance.

SMEDA Chief Ex­ec­u­tive Of­fi­cer Muham­mad Alam­gir Chaudhry ex­pressed th­ese views while talk­ing to par­tic­i­pants of first Help Desk ar­ranged by SMEDA in col­lab­o­ra­tion with Bank Alfalah at the SMEDA head of­fice. The CEO claimed that first SME Fi­nanc­ing Help Desk had re­ceived fi­nanc­ing re­quests worth Rs. 283 mil­lion from 29 con­cerns deal­ing in man­u­fac­tur­ing, trad­ing and ser­vice sec­tors.

He ex­pressed deep grat­i­tude to Bank Alfalah for deput­ing their ac­tive staff for quick pro­cess­ing of the fi­nanc­ing re­quests re­ceived there on the spot. He said that such Help Desk would be ar­ranged coun­try­wide with the sup­port of var­i­ous banks. He said that SME Fi­nanc­ing Help Desks were be­ing con­ducted in real time through a fo­cused dis­cus­sion be­tween walk-in SMEs and bank rep­re­sen­ta­tives whereby, the SMEs were pre­sent­ing their fi­nanc­ing re­quire­ments. In re­turn, he said, the bank of­fi­cials were of­fer­ing best-suited loan prod­ucts to the po­ten­tial clients.

Alam­gir said that in lieu of the State Bank of Pak­istan's con­tin­ued pa­tron­age for SME fi­nanc­ing fol­lowed by the re­duced KI­BOR rates, the banks had started show­ing keen in­ter­est in ex­plor­ing the SME sec­tor's po­ten­tial for fi­nanc­ing.

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