Over 80,000 loans and moveable/immovable assets will be provided to deserving families under Qarz-e-Hasna and asset transfer scheme by Government starting from next month.
Both schemes will be launched by Prime Minister Imran Khan under the ambitious Ehsaas program.
According to the Prime Minister Office, under the Ehsaas Qarz-i-Hasna scheme, over 80,000 loans will be disbursed every month among youth and women, enabling them to undertake their own business ventures and help their families extricate from the poverty trap. These loans would be prioritized in the underdeveloped districts.
Under the asset transfer scheme, people will be given livestock (goats and chickens), agriculture tools and supplies, sewing machines or material to support local crafts, small shops or cash to help them start small businesses. “Assets” under this scheme will be given as one-time support and are not expected to be returned.
Appreciating the efficacy of the existing program, Prime Minister Khan approved injection of an additional amount of Rs5 billion into the existing fund so that the program could be launched in collaboration with the existing partners of the Pakistan Poverty Alleviation Fund. “We aim to turn Pakistan into a welfare state based on the model of Riyasat-i-Madina that takes full ownership of the needs of its poor and vulnerable,” said the prime minister.