Islamabad: Finance Minister Shaukat Tarin stated that the government has plans to release PKR 1.63 trillion in the next three years for Kamyab Pakistan Programme that will be beneficial for three million families, according to news shared on July 18.
Loans will be awarded under the Kamyab Pakistan Programme to families with a monthly income of less than PKR 50,000, with priority given to Ehsaas Program recipients who are registered with the National Socio-Economic Registry (NSER).
Furthermore, the microloans would be provided through a collaboration between Pakistan Mortgage Refinance Company and microfinance banks and institutions, banks, housing finance companies, and development finance institutions.
According to the details, through Kamyab Kissan Programme, agricultural loans will be given to farmers with landholdings of 12.5 acres. Also, microloans of PKR 150,000 per crop will be given to enhance productivity. The government will provide loans up to PKR 200,000 for machinery and equipment at a zero mark-up rate.
Under the Kamyab Karobar initiative, loans will be provided to start-ups and small businesses at zero per cent mark-up. The amount of the loan will be up to PKR 500,000 with easy repayment instalments.
Through Naya Pakistan low-cost Housing Scheme, funds up to PKR 2.7 million for Naya Pakistan Housing and Development Authority (NAPHDA) and PKR 2 million for non-NAPHDA projects will be awarded.