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