80,000 interest-free loans to be disbursed every month, says PM’s aide

Published July 7, 2019
Special Assistant to the Prime Minister on Social Protection and Poverty Alleviation Dr Sania Nishtar announced the decision at a press conference on Saturday.  — Photo courtesy Radio Pakistan/File
Special Assistant to the Prime Minister on Social Protection and Poverty Alleviation Dr Sania Nishtar announced the decision at a press conference on Saturday. — Photo courtesy Radio Pakistan/File

ISLAMABAD: The government will disburse 80,000 interest-free loans every month under the National Poverty Graduation Initiative programme for a period of four years effective this month.

Special Assistant to the Prime Minister on Social Protection and Poverty Alleviation Dr Sania Nishtar announced the decision at a press conference on Saturday.

Explaining the salient features of the new initiative, she said the grant of interest-free loans to 2.28 million households would provide benefit to a total of 14.7m people.

She said that every month a new programme would be launched under the umbrella of Ehsas programme, and all programmes would be implemented with complete transparency.

Dr Nishtar, who is also chairperson of the Benazir Income Support Programme (BISP), said a socioeconomic survey was currently under way, and on its completion, the poverty level could be estimated.

However, she said the first priority of the government was to ensure social protection.

The total outlay of the new initiative would be Rs42.65 billion, out of which the federal government had allocated Rs5bn from its resources, while Rs13bn would be available through International Fund for Agricultural Development (IFAD), and Rs23.35bn from the Asian Development Bank.

The initiative is part of the ‘Ehsas’ programme and aims to “graduate” the poorest households out of poverty and set them on a course of economic and social prosperity. The government, in addition to its own funding, is partnering with the IFAD and the Asian Development Bank to complete the initiative.

The IFAD in September 2017 approved the National Poverty Graduation Initiative Programme, which will be implemented up to 2023.

Under the ongoing programme, the IFAD is providing $149.8m to Pakistan to assist the poor in graduating out of poverty on a sustainable basis.

The initiative is being rolled out in over 100 districts and will impact 16.28m people with 50pc women.

The initiative also includes youth, persons with disabilities, transgender people, minorities and marginalised communities in less developed districts.

Published in Dawn, July 7th, 2019

Opinion

Editorial

Noon leaks
Updated 27 Sep, 2022

Noon leaks

PMO audio leaks are a national security emergency that ought to be investigated at the highest level.
Cipher probe offer
27 Sep, 2022

Cipher probe offer

CONSIDERING the toxic political polarisation in the country, former prime minister Imran Khan’s suggestion that ...
Delaying Doha plans
27 Sep, 2022

Delaying Doha plans

WHEN Doha announced its intention to spend $3bn in different commercial and investment sectors of Pakistan around a...
Debt deferment
Updated 26 Sep, 2022

Debt deferment

Pakistan’s dollar funding needs for next 5 years have never been so large and world’s appetite to hold its hands never so poor.
Dengue concerns
26 Sep, 2022

Dengue concerns

AS weather conditions change in Pakistan, the threat of dengue looms large over the land. According to a warning...
Relic of colonialism
26 Sep, 2022

Relic of colonialism

THE law on sedition, one of several holdovers of colonial times, is among the most handy instruments for controlling...