14. To initiate provision of grants SBP has developed detailed guidelines, selection criteria and application format for the IAFSF. The fund will initially focus on regulated institutions to ensure transparency and good governance practices to attract investment in the microfinance industry.
Grants shall be provided to projects that meet the criteria for improving basic & financial literacy of current and potential microfinance consumers besides promoting utilization of cost effective means for financial service delivery and expanding outreach to rural and remote areas. 15.