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