The Federal Government has delayed the launch of Kamyab Pakistan Program until 16 August 2021. The initiative, which is being called the largest welfare project, was initially set to be launched on 9 August 2021.
Kamyab Pakistan Program will boost the welfare projects in the country, including housing, skill development, soft loans, health cards and agriculture services.
The programme is to provide loans to 4.5 million deserving households which are registered with the National Socio Economic Registry (NSER) of the Ehsaas Program.
The Kamyab Pakistan Program will disburse a cumulative Rs. 1.6 trillion over the next three to five years, which will benefit around 3,000,000 families. This makes the initiative the largest of its kind in the world.
Kamyab Pakistan Programme will provide agriculture loans to farmers with landholdings of up to 12.5 acres while micro-loans would be extended up to Rs. 150,000 (per crop) for procurement of agriculture inputs to boost agriculture productivity. In addition, the program will also provide loans of up to Rs. 200,000 for machinery and equipment to farmers.
Furthermore, the initiative will extend loans of up to Rs. 500,000 for small businesses and start-ups without collateral and 0% mark-up in both rural and urban areas under the Kamyab Karobar Loan Program.
The Kamyab Pakistan Program will now be launched on 16 August 2021.