Regulatory Alerts2023-07-26
Added
SMESPD Circular Letter No. 07: Incentive facility for loans & advances provided to women entrepreneurs on CMSME sector
The document establishes a 1% incentive facility for banks and financial institutions and their customers to encourage the timely coordination, realization, and repayment of loans with interest or profit rates up to 5% provided to women entrepreneurs in the Small Enterprise sector under the CMSME scheme. The incentive amount is calculated based on the principal and utilization period of all regular loans, applies to renewed working capital or overdraft facilities, and excludes classified loans. All other instructions regarding incentives for loans to women entrepreneurs issued in previous circulars remain unchanged.