The USAID Small and Medium Enterprise Activity (SMEA) implemented by Chemonics International, is seeking grant applications for implementation of Challenge Fund – SME Growth Grants with special focus on revitalization of SMEs in selected sectors affected through the economic crises in the onset of COVID-19 pandemic.
USAID Small and Medium Enterprise Activity (SMEA) is a five-year project that is supporting Pakistan in SME-led economic growth that will help create jobs, foster entrepreneurship, and contribute to an increased GDP. As a part of the United States Government’s long-term commitment to helping Pakistanis secure a more prosperous future by increasing household incomes and employment, nurturing competitive small and medium enterprises, expanding trade and investment and creating more rewarding business opportunities, SMEA is working towards improving the enabling environment for private sector-led growth.
SMEA is awarding SME Growth Grants to registered Small and Medium Enterprises(SMEs) to enhance and revistalize their competitiveness in the aftermath of COVID-19 crises and result in increased jobs, sales, exports, adoption of technology and new practices, access to finance, access to market and improved performance of women-led enterprises. This grant opportunity will be for existing registered SMEs to increase their competitiveness in at least one sub-sector of the following target sectors:
USAID SMEA grant support is for SMEs* (from focus sectors refer to section IA) provided they are legally registered and recognized under the laws of Pakistan.
* A small enterprise is a business that employs up to 50 employees and has an upper limit of Rs. 150 million for annual sales turnover.
A medium sized enterprise employs 51-250 (Manufacturing & Services sectors) and 51-100 (Trading sector) workers. The annual sales turnover for a medium sized business should be more than Rs 150 million and up to Rs. 800 million.
Source: State Bank of Pakistan
USAID SMEA grant support may not be extended to the following types of applicants:
• Non-registered enterprises
• SMEs/Applicants who fail to provide documentary evidence for their registration and the detailed budget annexure related to the grant application.
• Previsous reciepients / exisiting grantees of USAID SMEA grant funds.
• Staff and Subcontractors of USAID SMEA and/or any business that has already established working relationship with SMEA.
Send an email to this address: email@example.com
Ask for application Templates and detailed Request for Applications document. Follow the instructions in the Request for Applications.