Our short-to-medium term strategic plan also envisages Financial Sector Deepening and Broadening of Access to formal sources of finance by the SMEs as one of our top priorities for the next five years. For the SMEs, as an initial step, delivery of credit by banks will be monitored and intermediary/technical support organizations will be encouraged to assist the SMEs in preparing bankable proposals.
In the medium term, the staff of the banks will be trained in program lending. SBP will also endeavor that a guarantee scheme is established by the Government of Pakistan (GoP) to share the credit risk of the financing banks. To pursue this strategy, close coordination will be established with the SMEDA.