ISLAMABAD: Prime Minister Imran Khan on Monday formally approved ‘Ehsas Qarz-i-Hasna Scheme’ [loan scheme] under the poverty alleviation programme.
Imran chaired a high-level session over poverty alleviation steps being taken under the Pakistan Tehreek-e-Insaf (PTI) led federal government.
During the session, the PM said that the State has prior responsibility to care about its deprived sector. He approved the easy loan provision scheme which would be inaugurated in June.
Dr Sania Nishtar, special assistant to the prime minister on social protection and poverty alleviation, briefed participants of the session regarding the new scheme.
The premier has also allocated Rs5 billion additional funds for the scheme that would provide up to Rs80,000 loan to youth and women in order to sponsor their families and personal businesses.
The project will be started into four provinces at the same time and it will be assisted by 26 federal institutions.
Moreover, the federal government made the decision to change the procedure of funds’ allocation for the Benazir Income Support Programme (BISP). PM Khan approved the establishment of Ehsas steering committee that would work under the supervision of the premier.