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Start-Up Business Loan By Pakistani Government (PKR 10-50Lakh) 2024

The Caretaker Government of Pakistan has marked a milestone by unveiling the Start-Up Business Loan, a game-changer set to invigorate the landscape of innovative IT projects. The fund for Start-Up Business Loan with an initial allocation of Rs 2 billion by Pakistani Government.

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Start-Up Business Loan By Pakistani Government (PKR 10-50Lakh) 2024

Start-Up-Business-Loan
Start-Up-Business-Loan

Table of Contents

Managed by Ignite National Technology Fund

Ignite National Technology Fund takes the reins as the fund’s manager, overseeing its operations and ensuring a smooth execution of its objectives.

Generous 30% Annual Grant

Startups are in for a financial boost as the fund is structured to provide a generous 30% annual grant, a critical financial lifeline for nascent ventures embarking on their entrepreneurial journey.

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Attractive Investment Proposition

The initiative positions itself as an attractive prospect for foreign venture capitalists, offering them the opportunity to evaluate Pakistani startups with a unique advantage. A $1 million investment from a foreign investor would only require an infusion of $700,000, with the startup fund contributing a grant of $300,000 to facilitate the funding round’s completion.

Visionary Goals of Umar Saif

Umar Saif, a visionary behind this initiative, envisions a significant contribution to the startup ecosystem, with targeted yearly value creation of at least Rs50 billion. This ambitious goal underscores the government’s commitment to fostering innovation and economic growth.

Impressive Investment Landscape

Highlighting the vibrancy of Pakistan’s entrepreneurial landscape, the past four years have witnessed an infusion of approximately $800 million into startups. This showcases a robust investment climate and the increasing confidence of investors in Pakistani innovation.

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Supporting Infrastructure

Pakistan takes pride in its network of eight National Incubation Centres (NICs) strategically positioned across the country. Currently, over 4,000 active startups are benefiting from these NICs, reflecting the nation’s commitment to nurturing and supporting entrepreneurial endeavors.

Future Prospects

With the Pakistan Startup Fund in place, the future looks promising for the country’s startups. Entrepreneurs can now embark on their ventures with enhanced financial support, setting the stage for a new era of innovation and economic prosperity.

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Frequently Asked Questions (FAQs) – Start-Up Business Loan 2024

What is the Start-Up Business Loan Fund by the Pakistani government, and why is it significant?

The Pakistan Startup Fund is a groundbreaking initiative by the Caretaker Government of Pakistan with an initial allocation of Rs 2 billion. It holds significance as a catalyst for attracting investments into innovative IT projects, fostering economic growth and entrepreneurship.

How does the Pakistan Startup Fund financially support startup ventures?

Startups can benefit from a 30% annual grant provided by the fund, offering a crucial financial lifeline for kickstarting their operations and fostering growth.

Can you elaborate on the unique investment proposition for foreign venture capitalists?

Absolutely. If a foreign venture capitalist evaluates a Pakistani startup for a $1 million investment, they only need to invest $700,000. The Pakistan Startup Fund then contributes a grant of $300,000, facilitating the completion of the funding round.

What are the visionary goals of Umar Saif regarding the initiative?

Umar Saif envisions a significant contribution to the startup ecosystem, with a targeted yearly value creation of at least Rs50 billion. This ambitious goal reflects the government’s commitment to fostering innovation and economic growth.

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