Business
PTI govt making efforts for development of down trodden segments
The incumbent government had laid the foundation of Welfare State to ensure poor of the country did not suffer anymore.
Islamabad: Minister for Finance and Revenue Shaukat Tarin Thursday said Pakistan Tehreek-e-Insaf (PTI) government is making all possible efforts for the social and economic development of the down trodden segments of the society.
While addressing ceremony for disbursement of interest-free loans under Kamyab Pakistan Programme, the federal minister said that it is an important day for the poor segments of the society.
“The incumbent government had laid the foundation of Welfare State to ensure poor of the country did not suffer anymore and had opportunities available to earn respectable livelihood for themselves,” he said.
Tarin further added that initially four million households would be provided financial assistance under the programme, which would be extended to six million and then seven million households gradually.
He said that poor of the country had always been shown dreams of food, clothing and shelter and were realized that when economy grows it would have trickledown effect on them.
“However, the minister lamented, even after 74 years since Pakistan came into being, this could not happen till date,” he added.
Shaukat further added that the Prime Minister, Imran Khan believed in Riyasat-e-Madina, so he had equal focus on growing economy, enhance income of upper and middle class and as well as welfare of poor.
“Prime Minister did not want the poor to wait the trickledown effect, so he had urged for this programme,” said former SAPM.
Shaukat Tarin said that under the Kamyab Pakistan Programme, big banks would wholesale loans to small and microfinance banks, which provide loans to deserving people on retail basis.
As per minister, under the programme, the farmers would be provided interest-free loans upto the tune of Rs150, 000 for one crops and Rs300, 000 for two crops and Rs200, 000 for tractors.
Moreover, Rs500, 000 loans would be provide to a household for setting up a business, and Rs2 million to Rs2.5 million for building house.