‘Skilled workers to get Rs300m loans’

A mobile application ‘Dastkar’ has also been launched to make the process of obtaining loans transparent

LAHORE: Provincial Minister of Commerce and Industries Mian Aslam Iqbal has said that loans of Rs300 million will be distributed among skilled workers across the province and a mobile application ‘Dastkar’ has been launched to make the process transparent.

He expressed these views during the inauguration ceremony of the scheme at Alhamra Hall. He said that under this scheme, on behalf of the Punjab Small Industries Corporation, loans on easy terms would be given to skilled workers for the revival of the cottage industry.

Through this app, the applicant will be informed about the process of obtaining a loan and repayment process.

While addressing the ceremony, the provincial minister said that the Punjab government had launched the loan scheme for the revival of the cottage industry in 36 districts of the province.

“This scheme will be a milestone in poverty alleviation and will be an important step towards the country's economic development and prosperity,” said the minister. He further said that the government would market and promote the finished products on a website.

He maintained that under this scheme, the grace period for repaying the loans was four months for women and three months for other applicants.

Published in The Express Tribune, February 7^th, 2020.