The SME Development Fund with the help of PFD (Partnership for Development) is capitalised at RO 100 million and set up in the private sector to help existing SMEs grow in scale and scope and also seek to create new entrepreneurs and SMEs. The capital for the Fund has been raised from pension funds and other investors in Oman and overseas. The PFD partners are arranging low interest loans of Euro 50 million and providing grants (first tranche $30 mill) to support the activities of the fund.