Tarin briefed on KPP progress

Tarin briefed on KPP progress

ISLAMABAD, MAR 31 (APP): Federal Minister for Finance and Revenue, Shaukat Tarin here on Thursday presided over the Steering Committee meeting of Kamyab Pakistan Program (KPP) to review progress of the programme.

According to press statement issued by the finance ministry, a detailed presentation was given to the Finance Minister on the KPP progress. He was informed that after the success of first phase of KPP, the programme was extended throughout the country.

The Programme is going successfully and a large number of applications for the award of loans are being received through SMS whereas the loans are being disbursed among deserving applicants after meeting the requirements.

The committee was apprised that loans of more than Rs. 7.5 billion have been disbursed to more than 48 thousand beneficiaries. Small loans for business, farmers and construction of houses are included under the program.

The meeting also addressed operational issues arising in the easy access and disbursement process of loans and also discussed provision of linking Kamyab Kissan Programme with crop cycle.

On the occasion Tarin appreciated all the stakeholders for their contributions in the success of KPP and said that the programme was a milestone project, having exponential potential to transform the lives of the lower strata of the society.

He further stressed the stakeholders to gear up the disbursement of interest free loans to help the people in achieving self-sufficiency.

The participants of the meeting assured the Finance Minister of their full cooperation and participation in making the program successful.

Among others, the meeting was attended by Chairman NAPHDA, Deputy Governor SBP, President Bank of Punjab, Chairman SECP, CEO Akhuwat Foundation, CEO NRSP, and other senior officers.