Interest-free loans to help poor youth, support entrepreneurs: human rights minister

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Human Rights Minister Senator Kamran Michael has said that provision of interest-free loans will not only help the deserving and poor youth but will also support small-scale entrepreneurs in Pakistan.

He said the incumbent government is committed to providing employment opportunities to the deprived segment of the society at their doorstep. He said this while talking to the Akhuwat Chairman Dr Mohammad Amjid Saqib in a meeting in Islamabad Thursday.

Senator Karman Michael said that steps have been taken to ensure lasting peace which is linked with the better employment opportunities and promotion of business related activities. As per the directive of the prime minister, Ministry of Human Rights is committed to supporting the youth without any discrimination, irrespective of their cost, creed and religion as poor citizens have the same rights on the public money and resources of the country, he added.

The federal minister directed that interest-free loan scheme should be given on merit, and preference should be given to the deserving, unemployed, poor and skilled men and women of the country. In the first phase of this scheme, applications will be received by the end of this month from three districts of Punjab, including Lahore, Rawalpindi and Faisalabad.

He added that interest-free loans will be provided in each district throughout Pakistan step by step. “This programme will not only abolish the interest system, but will also enable the people to earn a livelihood for their families,” he concluded.