Pakistan has taken a significant step toward promoting women’s financial inclusion by introducing the country’s first digital loan scheme designed specifically for women entrepreneurs. The initiative aims to improve access to finance for women-led businesses and support their participation in the economy.
The Securities and Exchange Commission of Pakistan (SECP) has approved financing of up to Rs1.5 million under the Khud Mukhtar Woman Program. The scheme is intended to provide easier and faster access to funding for women managing small and medium-sized enterprises across the country.
According to officials, the newly approved digital lending product is the first of its kind in Pakistan and is specifically tailored for women-owned and women-managed Micro, Small, and Medium Enterprises (MSMEs). The program seeks to address the financing challenges often faced by female entrepreneurs.
Under the scheme, eligible applicants will be able to obtain asset financing ranging from Rs100,000 to Rs1.5 million. The amount approved will depend on the results of the applicant’s credit assessment and business evaluation.
The digital nature of the product is expected to simplify the loan application process by reducing paperwork and improving accessibility. Women entrepreneurs will be able to apply through streamlined digital channels, making financing more convenient and efficient.
Experts believe the initiative could play a key role in encouraging women-led businesses to expand operations, invest in new assets, and create employment opportunities. Increased access to credit is considered essential for strengthening the contribution of women entrepreneurs to Pakistan’s economy.
