Prime Minister Imran Khan is all set to inaugurate the ambitious Kamyab Pakistan Program (KPP) on Monday (today). Through this programme government will deliver Rs1.4 trillion in soft loans to 3.7 million families across the country.
There will be five parts to the KPP. Interest-free loans for farmers under the Kamyab Kisan programme, financing of up to Rs500,000 for starting a business under the Kamyab Karobar programme, financing for the construction of housing units under the Sasta Ghar scheme, and provision of skilled-based scholarships to youth are among the five components of the programme stated in a press release issued by the Prime Minister Office.
Finance Minister Shaukat Tarin had previously stated that all required preparations for the program’s launch had been made. He explained that the Kamyab Pakistan Program is one-of-a-kind and will play a critical role in reducing poverty in the country.
According to the press release, the programme would also connect low-income groups with banks through microfinance institutions, reflecting the state’s obligation to marginalized segments of the society.
Mr. Tarin else added that Rs300-400 billion in interest-free loans would be distributed during the current fiscal year and that the money had also been authorised for interest-free loan subsidies.