*ISLAMABAD – **PTI government launches huge interest free loan scheme forunemployed youth.*
*Special Assistant to the Prime Minister on Social Protection and PovertyAlleviation and BISP Chairperson Dr Sania Nishtar said on Saturday that theNational Poverty Graduation Initiative will be the most beneficialprogramme to steer the poorest households out of poverty.*
While addressing a press conference on the initiative in Islamabad, Nishtarsaid that the underprivileged and jobless people will be giveninterest-free loans to help them establish and uplift their small-scalebusinesses and support their living. “These small loans will result inrevolutions in the lives of the poor people,” said Nishtar.
She remarked that Prime Minister Imran Khan has doubled the budget for thepoor and labourers. “Double money has been allocated for the poor. ImranKhan has deducted budgets of all other departments and even the army hasvoluntarily deducted their budget for the people,” said Nishtar.
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Nishtar said the strategy consists of three components, includinginterest-free loans, skills training and transfer of small assets such assewing machines, livestock and agricultural equipment. She said over 16million people will benefit from the programme while 80,000 people will begiven interest-free loans every month.
