Title front - Sindh Board Of Investment, Government Of Sindh

Financial SubsidySEDF’s main intervention is in the form of an interest rate subsidy as under:• 100% KIBOR part of the capital cost .• 50% of KIBOR part for the working capital.Selected individuals capable of setting up agribusiness projects can apply for a loan from anyfinancial institution for medium term (3-5 years).SEDF will pay 100% KIBOR for capital cost and up to 50% of KIBOR for working capital for threeyears which may be extended up to 5 years on successful review.The total monetary value of the SEDF interest subsidy shall not exceed PKR. 50 Million.SEDF financial support shall not exceed the total project cost of PKRs. 200 million.SEDF AchievementsUpgradation/BMR Scheme for Rice Mills in SindhSEDF is launching a BMR scheme for the ailing rice mills in collaboration with State Bank of Pakistan andparticipating financial institutions (PFIs). Currently, there are over 800 rice mills in Sindh, which wereestablished in the 1960s and 70s and used old hullers for rice milling. If compared with rice producingcountries like Thailand, Vietnam, China and Japan, most of the mills have outdated technology withoperational losses as high as 40%. Apart from the old technology, the rice mills are in run-downcondition as well because of extensive wear and tear and inadequate maintenance.SEDF’s objective is to modernize and restructure rice mills throughout Sindh in phases for greaterefficiency and profitability. The scheme entails 30% credit guaranteed subsidy of 6.25% againstrefinance interest rate to be extended by SEDF. The applicant is expected to pay only the principalamount and banking spread at 3-4%.Collaboration with USAID Agribusiness ProjectSindh Enterprise Development Fund has entered into an understanding with USAID’s agribusinessproject namely Agribusiness Support Fund (ASF) for close cooperation in the areas of horticulture andlivestock.Sindh - The Land of Endless Opportunities