PPAF to transform lives of poor: Survey

ISLAMABAD, Jun 9 (APP): The Pakistan Poverty Alleviation Fund (PPAF) has disbursed approximately Rs 237.56 billion to its Partner Organizations (POs) in 147 districts across the country as it’s mission was to transform the lives of the poor to create more equitable and prosperous Pakistan.
According to the Economic Survey 2021-22 announced here on Thursday, PPAF has outreach in 147 districts across all four provinces and regions of the country, supporting communities to access improved infrastructure, energy, health, education, livelihoods, finance, and develop resilience to disasters.
PPAF’s approach to graduating households out of poverty contributes directly to SDGs-1 & 8, with the underlying policy objectives being to mainstream the graduation approach as part of the government poverty alleviation agenda, and ensure greater access to finance, especially for women.
Since its inception in April 2000 till March 2022, PPAF has disbursed approximately Rs 237.56 billion to its Partner Organizations (POs) in 147 districts across the country.
A total of 8.4 million microcredit loans have been disbursed with 60 percent loans to women and 80 percent financing extended to rural areas. The key achievements under the PPAF include 38,800 health, education, water, and infrastructure projects which have been completed.
A total of 440,000 credit groups and 146,900 community organizations have been formed and 1,156,000 individuals (49% women) received managerial and livelihood trainings. As many as 196,000 productive assets transferred to ultra and vulnerable poor households (64% women). Over 2,327,500 interest-free loans (53% women) were disbursed through Interest-Free Loan (IFL) Programme.
Almost 26,000 individuals including women and youth trained on enterprise development under Waseela-e-Haq National and Waseela-e-Haq Sindh programmes of the BISP facilitated in establishing their successful ventures and 30,800 persons with disabilities rehabilitated.