Rs 5 billion disbursed under Prime Minister’s Interest Free Loan Scheme


ISLAMABAD, Oct 27 (APP): Chairman Steering Committee of Prime Minister’s Interest Free Loan Scheme, Dr. Amjad Saqib has said that so far interest free loans amounting to around Rs 5 billion have been disbursed.
Briefing to Chairperson Prime Minister Youth Program Leila Khan, he
said the amount was disbursed among the poorest of the poor in 44 economically deprived districts of the country, a statement received here on Thursday said.
He also pointed out that 62 percent of the beneficiaries were female.
The Chairperson expressed satisfaction at the achievements of Prime Minister’s Interest Free Loan Scheme, under which Pakistan Poverty Alleviation Fund (PPAF) has been able to reach the economically deprived people from 287 union councils of 44 districts across Pakistan.
She appreciated the 99 percent recovery rate of the scheme due to which the recovered amount has been utilized to benefit additional eligible beneficiaries.
“One of the major achievements of the program are the 50,000 Benazir Income Support Programme beneficiaries who have now joined the scheme”, Leila Khan remarked.
She said they are now running their own successful ventures instead of relying on cash grants by the government.