Prime Minister Imran Khan launched interest-free loans under the Kamyab Pakistan Program 2022 for the low-income groups across the country. The interest-free loan program is worth Rs. 407 billion and it is aimed at helping 4.5 million families to reduce poverty in the country.
The interest-free loan program was launched by Prime Minister Imran Khan under the Kamyab Pakistan Program 2022 at a ceremony held at Faisal Mosque in Islamabad on Wednesday. Under the Kamyab Pakistan Program 2022, the Government will allow low-income groups to avail interest-free loan to start a small business or invest in agriculture.
The Kamyab Pakistan Program 2022 will provide interest-free loans to the youth, including women, and farmers under this program for the next two years in a bid to reduce poverty. The interest-free loan program will help 4.5 million families to start small business, construct houses, invest in farming, get technical education and learn appropriate skills.
Under the Kamyab Pakistan Program 2022, the government will provide any member family in urban areas with an interest free loan of Rs. 0.5 million in order to start a small business whereas an interest-free loan of Rs. 0.5 million will be provided to people in rural areas to spend on farming. Furthermore, the interest-free loan program will also provide Rs. 2 million to families for the construction of their houses.
Kamyab Pakistan Program Eligibility
You check your eligibility in the Kamyab Pakistan Program 2022 by sending your Computerized National Identity Card (CNIC) number in an SMS to 5771. In a reply, you will be informed whether you are eligible for the interest-free loan program or not.
Kamyab Pakistan Prog has been launched throughout Pakistan. pic.twitter.com/Tx8veMBZGn— Ministry of Finance (@FinMinistryPak) March 2, 2022
Kamyab Pakistan Program 2022
Kamyab Pakistan Program 2022 has five main components, which are:
- Kamyab Karobar Program
- Kamyab Kissan Program
- Naya Pakistan Low-Cost Housing Scheme
- Kamyab Hunarmand Program
- Sahatmand Pakistan Program
Kamyab Karobar Program
Kamyab Karobar Program is a component of the Kamyab Pakistan Program under which unemployed individuals will be provided with a Rs. 0.5 million interest-free loan to start a small business.
Kamyab Kissan Program
Another component of the Kamyab Pakistan Program 2022 is the Kamyab Kissan Program, which provides interest-free loan of Rs. 0.5 million to owners farmers with landholding up to 12.5 acres.
Naya Pakistan Low-Cost Housing Scheme
Under the Naya Pakistan Low-Cost Housing Scheme, the programme will provide interest-free loan of Rs. 2.7 million for the construction of houses.
Kamyab Hunarmand Program
The Kamyab Hunarmand Program is also a component of the Kamyab Pakistan Program 2022 and under the initiative, the youth can avail free technical training in various fields and increase chances of getting a job or starting their own business.
Sahatmand Pakistan Program
It is pertinent to mention that anybody availing interest-free loan under the Sahatmand Pakistan Program will need to have Sahat Insaf Card, if the facility is available in his/her area.