Islamabad: Prime Minister (PM) Imran Khan launched the ‘landmark’ Kamyab Pakistan Programme today (October 4) to facilitate the underprivileged class of the society, according to news sources.
According to the details, the scheme will offer 3.7 families across the country with soft loans worth PKR 1.4 trillion. There will be five components to the programme, including:
- Sasta Ghar Scheme – it will provide financing on easy instalments for the construction of houses
- Kamyab Karobar Programme – it will provide financing up to PKR 500,000 for setting up a business
- Kamyab Kissan Programme – it will provide farmers interest-free loans
- Skilled-based Scholarship Scheme
- Sehat Insaf Card
It was also mentioned that the scheme will use microfinance organisations to connect low-income populations with banks. While speaking at the event, Prime Minister Imran Khan claimed that banks lacked the necessary training and infrastructure to provide loans to the disadvantaged and professional classes of society.
This, according to reports, is why microfinance banks were included in the Kamyab Pakistan Program.
When discussing inflation, the premier stated that the current government has only passed on a small portion of the impact of increased foreign prices to the general public. He went on to suggest that the current administration will soon propose a programme that will provide subsidies to the poorest members of society.