Cabinet nod to revive micro, small and medium enterprise sector

The Cabinet of Ministers approved the proposal presented by the President in his capacity as the Minister of Finance, Economic Stabilization and National Policies to implement the proposed program  to provide credit facilities to existing micro, small and medium scale enterprises for further expansion and recovery of their businesses through licensed commercial banks and licensed specialized banks at concessional interest rates.

The Asian Development Bank has agreed to provide Rs 20 billion for the program.