SEDF takes initiative to encourage SMES to invest in AGRI sector

Karachi, October 03, 2016 (PPI-OT): The Union of Small and Medium Enterprises (UNISAME) has arranged a meeting on 5th October 2016 between Sindh Enterprise Development Fund (SEDF) and Small Medium Industrial Leasing Estates Pvt Ltd (SMILE) at Unisame office to facilitate the SME agri based industries to obtain subsidized finance for their rice, wheat, maize, cotton, spices and value addition units of fruits and vegetables in Sindh.

The SMILE Pvt Ltd is a facilitating company with the aim and objective to facilitate the SME farmers, shellers, processors and exporters of rice, spices and commodities.

Mehboob ul Haq the CEO of SEDF said it is indeed a matter of great honour for him to apprise that Sindh Enterprise Development Fund (SEDF) has been created by the Government of Sindh to encourage investment in the Agro sector both for On-Farm and Off-Farm activities with a view to facilitate efficient production, processing and marketing for wider economic gains.

Khush Junejo co-ordinator projects SEDF said the fund provides technical and financial support to SMEs in the rural economy by providing opportunities for value addition in the agriculture sector for multiple economic benefits on intermediary services and productivity.

Zulfikar Thaver president UNISAME and chairman Capacity Building Group , Technical Committee National Financial Inclusion Strategy (NFIS) said the fund would provide mark-up (KIBOR Portion) subsidy to such enterprises which intends to upgrade their basic industry by introducing technology or setup new projects in the agro sectors by introducing value addition on the basis of modern trends and techniques. It would also provide the balancing, modernization and replacement (BMR) finance to rice mills.

For more information, contact:
Union of Small and Medium Enterprises (UNISAME)
75/1 3rd Commercial Street,
Phase IV, D.H.A., Karachi, Pakistan
Tel: +92-21-35884225-6
Fax: +92-21-35380642
Cell: +92-300-8245307, +92-321-8245307