Kamyab Pakistan Programme: Govt plans to uplift 4.5 million underprivileged households

Hamza HabibOur Correspondent

28th Jul, 2021. 09:04 pm
Govt All Set To Prep For Next Election By Introducing 'Kamyab Pakistan Program'

ISLAMABAD: The government’s Kamyab Pakistan Programme aims at uplifting the 4.5 million underprivileged households who are registered with the National Socio-Economic Registry (NSER) of the Ehsaas programme, a senior government official said.

Chairing a meeting of the Steering Committee and the Advisory Board of the Kamyab Pakistan Programme through a video-link, Federal Minister for Finance and Revenue Shaukat Tarin welcomed the prominent participants from the private sector and commended their professional expertise in respective fields.

He thanked them for their valuable input/suggestions for the programme and reiterated to ensure successful implementation of the programme through a collaborative and cohesive approach.

The Kamyab Pakistan Programme is a flagship programme, which would extend micro-loans to entrepreneurs, small businessmen and farmers, enabling them to access micro credit at zero per cent markup without collateral, he said, adding that the programme will enable the underprivileged families to break the vicious cycle of poverty.

The meeting was held to fine-tune the modalities of the Kamyab Pakistan Programme, scheduled to be launched soon.

The programme is aimed at extending agricultural loans to farmers with the landholding of up to 12.5 acres under “Kamyab Kissan” Scheme.

Micro-loans would be extended up to Rs150,000/crop for the procurement of agricultural inputs. In addition, loans of up to Rs200,000 would be given for the procurement of machinery and equipment.

Another component of the Kamyab Pakistan Programme is the introduction of a new tier in the low-cost Naya Pakistan Housing Scheme; wherein, loans of Rs2.7 million (for NAPHDA) and Rs2 million for non-NAPHDA projects will be given at subsidised rates.

Similarly, under the “Kamyab Karobar”  programme, loans would be extended for small business and start-ups at zero per cent markup in both urban and rural areas.

Dairy, livestock, poultry and fisheries sectors will be included in the loan programme. The loan size will be up to Rs500,000 for Kamyab Karobar. The cumulative disbursement under the programme would be Rs1.6 trillion over the period of three years.

The Kamyab Pakistan Programme will also integrate with the government’s ongoing skill development programme for educational and vocational training under the “Kamyab Hunarmand” Scheme.

The finance minister appreciated the motivation and commitment of all the concerned who are making utmost efforts in designing the whole programme and taking it forward towards its formal launch to benefit the marginalised segments of the society.

Special Assistant to the Prime Minister (SAPM) on Finance and Revenue Dr Waqar Masood, SAPM on Youth Affairs Usman Dar, RSPN chairman Shoaib Sultan, Finance Division secretary Yusuf Khan, Akhuwat executive director Dr Amjad Saqib, PMN CEO Mohsin Ahmed, NRSP CEO Rashid Bajwa, HBL chairman Sultan Ali Allana, Bank of Punjab president Zafar Masud, Kashf Foundation managing director Roshaneh Zafar, former governor of SBP, Syed Salim Raza, and other senior officials participated in the meeting.

Adsence 300X250