Interest free loans of Rs500m rolled out for Sindh.


Karachi -- Under the ambit of the Ehsaas Strategy which is a part of the National Poverty Graduation Initiative, Interest free loans worth Rs 500 million were rolled out in 10 lagging districts of Sindh. The cheques were distributed amongst the beneficiaries by Governor Sindh, Imran Ismail who was the Chief Guest at the ceremony held in Karachi.

Under the Ehsaas program, loans worth Rs13.8 billion have been disbursed so far to 413,390 borrowers. 46% of the borrowers are women. In Sindh alone, interest free loans of around Rs500 million have been rolled out to more than 15,000 borrowers of which 70% are women. The initiative draws funds from the Government of Pakistan, International Fund for Agricultural Development (IFAD) and the Asian Development Bank (ADB).

In total Rs 42.65 billion have been set aside for 100 districts across the country under the Ehsaas Program. The amount will impact 16.28 million people with 50% women including youth, persons with disabilities, transgender, minorities and marginalized communities. During the next 4 years, as many as 3.8 million interest free loans will be provided to 2.28 million households. In total, 14.7 million people will benefit from this component. The program is being executed through Pakistan Poverty...

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