Kamyab Pakistan Programme Releasing Today
Prime Minister Imran Khan will launch the Kamyab Pakistan Programme (KPP) in Islamabad, which aims to improve the lives of neglected members of society.
Read: ADB Predicts Pakistan’s 4% Growth Rate in FY22
Details indicate that the scheme will distribute microcredit totaling Rs 1,400 billion to 3,7 million of the poorest of the poor, giving them much-needed financial support to improve their living standard. Under the KPP, only families with an average monthly income of up to Rs 50,000 will be eligible for financing.
This is a first-of-its-kind program in Pakistan’s history, connecting banks to the lowest income group through microfinance institutions.
As the program is based on the most creative funding structure in recent memory, the government asserts that KPP would fundamentally alter the lives of Pakistan’s underprivileged over the next few years.
The KPP also features the user-friendly Kamyab Pakistan Information System portal (KPIS). The site will be connected with the Ehsaas and NADRA databases for beneficiary eligibility verification, allowing executing agencies to finalize finance modalities in a streamlined and efficient manner.
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