Govt to give Rs 56bln subsidy on interest-free loans of Rs 407bln: Farrukh Habib
"People with meager resources will get loans amounting to Rs 500,000 to start their own businesses"
Islamabad: Minister of State for Information and Broadcasting Farrukh Habib on Wednesday said the government, under its flagship initiative of the Kamyab Pakistan Programme, would disburse interest-free loans worth Rs 407 billion among youth, women, and farmers in the next two years.
In a series of tweets, Farrukh Habib said the government would give a subsidy of Rs 56 billion on such loans that were aimed at enabling the people to build homes and start their own businesses.
He said that Prime Minister Imran Khan was scheduled to launch the loan disbursement scheme on Wednesday (today), under the Kamyab Pakistan Programme in line with his vision of poverty alleviation.
The minister said that people with meager resources would get loans amounting to Rs 500,000 to start their own businesses, and up to Rs 2.7 million for house building through micro-finance institutions including Akhuwat Foundation.
Explosive attack on Russian consulate in France, no casualties
- 16 گھنٹے قبل
Bruins' Lindholm (knee) likely out for rest of year
- 4 گھنٹے قبل
Six flights canceled, 23 delayed due to bad weather
- 17 منٹ قبل
Ramadan 2025 likely to start on March 2: SUPARCO
- 14 گھنٹے قبل
New Zealand's 5-wicket victory over Bangladesh ends Pakistan's semi-final hopes
- 12 گھنٹے قبل
Punjab CM, Army Chief attend Horse and Cattle Show closing
- 13 گھنٹے قبل
The Supreme Court hears a challenge to a DEI rule that genuinely needs to go
- 3 گھنٹے قبل
Liverpool might've just won the Premier League because Man City aren't a big-game team anymore
- 4 گھنٹے قبل
Security forces' operation in Khyber kill 10 Khawarij
- 35 منٹ قبل
Westerly winds enter Balochistan, causing heavy rain
- 2 گھنٹے قبل
US resolution on Ukraine passed in Security Council
- ایک گھنٹہ قبل
DOGE, please go to sleep. For your health.
- 3 گھنٹے قبل
