Finance Minister Shaukat Tarin has said that Prime Minister Imran Khan will inaugurate the Kamyab Pakistan Programme on Monday (today) under which an amount of Rs1,400 billion will be provided to 3.7 million families as loan to eliminate the poverty from the country.
In a statement issued on Sunday, the finance minister said this initiative will help transform lives of lower income people across the country, adding that all the arrangements for the inaugural ceremony of this very unique programme have been finalised.
He said the programme is specially designed keeping to empower and uplift the social and economic standards of underprivileged segments of the society.
The programme has five main components and under it the farming community across the country would also be provided interest free loans, he said, adding that under Kamyab Karobar, interest free loan amounting upto Rs 500,000 would be provided for small enterprises.
The minister said it is a first programme of its kind in the country’s history under which the banks would be connected to the lowest income segment through micro-finance institutions, adding that it would also be a practical step of the state for bringing up the less privileged segments of the society.
The finance minister said under the programme, financing facilities for “apna ghar loan” (own home loan) scheme on easy instalments would also be provided, adding it will be linked with other successful programmes run by the incumbent government like skilled based scholarship scheme and Insaf Sehat Card.