KARACHI: The deadline for submission of subsidy claims by banks, working as Prime Minister’s Youth Business Loan Executing Agencies (EAs), has been enhanced by five working days, said a circular by the State Bank on Monday.
Accordingly, Development Finance Support Department, SBP BSC will process EAs claims for payment within 15 working days instead of 10 fixed earlier.
“Executing Agencies shall observe standard business rules for calculation of mark-up subsidy under PMYBL scheme,” said the circular.
Published in Dawn, February 9th, 2016
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