Islamabad: The government is expected to finalise the cash flow support plan for micro, small, & medium enterprises (MSMEs) by the end of May, a news source reported. This plan would help distribute PKR 300 billion, payment of electricity bills of six months, and release of soft loans and grants.
The funds worth PKR 300 billion also include the disbursement of PKR 12,000 each to six million daily wagers. Currently, the government is consulting with the power division, distribution companies, K-Electric, and the Azad & Jammu Kashmir (AJK) government.
According to reports, the government is also consulting with international donor institutions, State Bank of Pakistan (SBP), local banks, and web designers for establishing a portal for developing a mechanism to transfer cash to daily wagers. The government wants this portal to be in line with the Ehsaas Programme.
Under the cash flow support plan for MSMEs, the government has allocated PKR 200 billion, whereas the SBP has sanctioned PKR 100 billion worth of loans for the SMEs and the agriculture sector. Out of PKR 200 billion, the government has already distributed PKR 75 billion to daily wagers under the Ehsaas Programme.
On the other hand, SMEs would receive a PKR 51 billion grant for payment of electricity bills. For this purpose, the ministry concerned is finalising an action plan.
