Islamabad: JS Bank has launched the Khud Mukhtar initiative, a comprehensive financing solution designed specifically for Pakistani businesswomen to foster financial inclusion and empowerment. This initiative, part of the State Bank of Pakistan’s Refinance and Credit Guarantee Scheme for Women, aims to address the unique challenges faced by women entrepreneurs, including access to resources and gender-based discrimination in the business sector.

According to JS Bank Limited, the Khud Mukhtar program offers tailored financing options ranging from PKR 100,000 to PKR 500,000, with flexible repayment terms of up to five years. This initiative is intended to support both new and existing businesses, provided they have been operational for at least a year. The program aligns with JS Bank’s commitment to promoting gender equality and economic empowerment for women, positioning itself as a pivotal force in enhancing the business capabilities of women across Pakistan.

The initiative not only provides financial loans but also focuses on broader financial inclusion by offering access to other financial services such as insurance and savings accounts, which are crucial for business expansion and economic resilience. By increasing market access and enhancing business efficiency, Khud Mukhtar aims to strengthen women-led MSMEs, making them more resilient to economic shocks.

JS Bank asserts that financial empowerment of women leads to broader economic growth, community resilience, and inclusive development. The Khud Mukhtar initiative is a step towards realizing these goals by supporting women entrepreneurs in overcoming the barriers they face in the business world.