Planning & Development Department allocated an amount of Rs. 1000.000 Million in Development Programme 2008-09 for financing of SMEs under the Scheme at GS No.2561. In this regard the recommendation of working group constituted by Chief Secretary Punjab for preparation of comprehensive loaning plan by PSIC, other committee and task forces constituted by Chief Minister for this purposes were considered and PSIC proposed a prioritization and utilization plan for Rs.1000.000 Million. This plan which included the present scheme has been approved by the Chief Minister Punjab through a summary hence the scheme was prepared, which was approved. The administrative approval was issued by the Secretary Industries, Government of the Punjab.