Small and Medium Enterprise Development Authority provided financial relief to about 11,242 Micro-enterprises in flood affected districts

Lahore, November 13, 2012 (PPI-OT): Small and Medium Enterprises Development Authority (SMEDA) has provided financial relief to about 11242 miro-enterprises in the 29 districts of Pakistan, which were badly affected by the devastating flood in 2010.

Mr. Yousaf Naseem Khokhar, CEO SMEDA, at a meeting with Business and Sector Development Division (BSDS) of SMEDA today was informed that SMEDA had formed estimates to enumerate the extent of devastation caused by the tragic flood in 2010, according to which about 310,000 micro, small and medium enterprises had been badly affected by this disaster.

Basing upon this backdrop, a project had been agreed between SMEDA and UNDP (United Nations Development Program) with financial support of $ 3.9 million from European Union. The project titled as “Early Recovery and Restoration Flood Affected Communities in Pakistan” aimed to provide cash grants and business development services, stimulating economic activity in disaster struck, predominantly poor, rural areas where people had lost their businesses and livelihood in floods of 2010.

The grants under this project have been distributed in 29 districts that include district Muzaffar Garh, Rajanpu, Mianwali, Rahimyar Khan, Layyah, DG. Khan, Bhakkar, Khushab in Punjab, district Shikarpur, Jaccobabad, Larkana, Shahdad kot, Thatta, Dadu, Jamshoro, Ghotki and Kashmoor in Sindh, Tank, D.I. Khan, Kohistan, Peshawar, Charsada, Nowshera, Dir Lower, Dir Upper, Shangla and Swat in Khyber Pakhtunkhwa, district Nseerabad and Jaffarabad in Baluchistan and Neelam Valley in Azad Jammu and Kashmir.

In the above districts 2,338 affected micro businesses have been provided grants worth Rs.30, 000 each for rehabilitation. Besides, 2,698 socially excluded women (widows, orphans, elderly and minority) were provided cash grants of Rs.10, 000 each for restoration of their livelihood. In addition 6,090 individuals were also provided with business development support with Rs.5, 000 each.

SMEDA performed this task by setting up 29 one-man business support centers in the selected 29 districts of Pakistan.

For more information, contact:
Liaqat Ali Gohar
DGM (Admin. and PR)
Small and Medium Enterprise Development Authority (SMEDA)
6th floor, LDA Plaza, Egerton Road, Lahore
Tel: 111-111-456
Fax: (042) 6304926

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