Among various stakeholders that have to play their role for SME development, I think, State Bank of Pakistan and Commercial Banks both need to play a proactive role in improving access to finance for SMEs. As far as SBP is concerned, it has taken a number of important initiatives for improving access to credit for SME sector.
These measures include a provision of specialized Prudential Regulations (PRs) for SMEs, Refinance Schemes for SMEs, Credit Guarantee Scheme for Small and Rural Enterprises and cluster development surveys.