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ISLAMABAD: In a bid to make low-income segments of the society financially self-reliant, Prime Minister Imran Khan Wednesday launched an interest-free loan programme worth Rs407 billion.
Addressing the launching ceremony of interest-free loans under Kamyab Pakistan Programme at the Faisal Mosque, PM Imran said 4.5 million families would benefit from the interest-free loans to start their small businesses, construction of homes, farming and learn technical education.
Under Kamyab Pakistan Programme, the loans will be disbursed among the youth, women, farmers and for the construction of low-income houses during the next two years.
“So far Rs2.5 billion had been disbursed among the low-income groups in various welfare schemes,” he said, adding that the banks had also given loans of Rs55 billion after the government encouraged them to facilitate common man.
He said Pakistan had been envisioned as a socio-welfare country in line with the golden principles of Islam’s first State of Medina.
The prime minister said that providing free medical treatment worth Rs1 million to every household annually was a proud step taken by the PTI government.
All the tax money collected by the government would be spent on the welfare of general public, he added.