Islamabad, April 06, 2015 (PPI-OT): Chairperson Prime Minister’s Youth Programme, Ms Leila Khan said, “PMs Interest Free Loan Scheme is a remarkable initiative of the PML-N Government for socio-economic uplift of marginalized segments of society by extending them interest free loans for setting up their own businesses”. She chaired a high level meeting with Pakistan Poverty Alleviation Fund’s officials here at Prime Minister’s Office, in order to review progress of the scheme.
Pakistan Poverty Alleviation Fund’s, the executing agency of the scheme has so far, disbursed 29,880 loans worth Rs. 620 Million with 100% recovery rate in 154 union councils of 36 districts across Pakistan through 25 Partner organizations. 58% of the loan beneficiaries are female. Ms Leila Khan expressed satisfaction at the current pace of loan disbursement under the scheme and encouraged PPAF to especially focus on under developed areas of Balochistan and FATA.
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