Tarin, Sania discuss Rs1,600b programme
We want investment to come from US to Pakistan in oil and gas and IT sector, he said. SCREENGRAB
Federal Minister for Finance and Revenue Shaukat Tarin said on Tuesday that the Kamyab Pakistan Programme (KPP), the largest of its kind in the world, would promote financial inclusion and help bring at least three million families out of poverty.
"It (KPP) will bring at least three million families out of the vicious cycle of poverty in the next three to five years with Rs1,600 billion to be disbursed through different products of KPP," the minister said while talking to Special Assistant to the Prime Minister on Social Protection and Poverty Alleviation Dr Sania Nishtar during a meeting.
The finance minister also briefed about the basic parameters of the KPP and underlined that the National Socio-Economic Registry Survey (NSER) of Ehsaas programme is the premise on which the whole programme is based and shall ensure transparency in the disbursement of funds and the provision of micro loans to the targeted households accurately.
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He informed Dr Sania that for transparency's sake the prospective beneficiaries would be accessed through the Ehsaas NSER database only.
The federal minister said the KPP was based on the concept of "bottom-up" approach as envisaged by the prime minister. The beneficiaries would enjoy easy access to agricultural and business loans at zero-mark up without collateral.
Moreover, the Kamyab Pakistan Program will provide low-cost housing scheme for lower income groups enabling them to own their houses.
On the occasion, Sania Nishtar commended the Kamyab Pakistan Programme for providing relief to under-privileged segments of society through better financial empowerment opportunities. She affirmed full support and facilitation for the scheme.