SME Business Support Fund (BSF) is a company owned by the Ministry of Finance. BSF is a non profit organization created to assist both the SMEs and the Business development services Providers (BDSP's).
The objectives of the BSF are to assist in the improvement of the competitiveness of SMEs and to enhance the revenue-generating capacity and profitability of emerging businesses. It is a financial support scheme, established for small and medium sized companies (SMEs) to enhance their competitiveness & profitability, through the increased use of business development services (BDS).
RE-STRUCTURING of BSF
Recently the Government of Pakistan has taken renewed interest in the SME sector of Pakistan due to which BSF has been taken over by new management and is in the process of restructuring and repositioning itself. Currently all stake-holders are involved in following a concentrated approach in designing new policies and strategies for the future of BSF. Our mission is to improve economic growth by creating an enabling culture through higher productivity, value creation, knowledge management and innovation in the SME and Business Development sector for Pakistan therefore enhancing the revenue generating capacity and profitability of emerging businesses in Pakistan.
In order to achieve these objectives BSF management is in the process of finalizing a policy that inculcates an environment for innovative thinking. The BSF management would appreciate comments and suggestions on the policy framework before concluding its strategy. Please feel free to contact us in case of any query.