On Monday, Prime Minister Imran Khan has inaugurated the Kamyab Pakistan Program (KPP) . The government will give 1.4 trillion microloans to 3.7 million families across the country as part of the initiative. The Kamyab Pakistan Program aims to improve the lives of those on the margins of society.
Prime Minister Imran Khan will launch the ambitious Kamyab Pakistan Program (KPP) on Monday in an effort to help the most needy members of society (today). The government will give 1.4 trillion microloans to 3.7 million families across the country under the main initiative. The KPP is being implemented in stages. The loans would be given to eligible households in Gilgit-Baltistan, AJK, Balochistan, Khyber Pakhtunkhwa, and underprivileged areas of Punjab and Sindh in the first phase.
In keeping with the Prime Minister’s goal of empowering the people, the administration has launched a number of programmes targeted at eliminating poverty, creating jobs, and providing affordable housing to the populace.
The KPP project aims to improve the lives of society’s disadvantaged groups. The initiative distributes DKK 1,400 billion in microcredits. Rs to the lowest of the poor, providing them with much-needed cash assistance to better their living conditions. CPP funding is only available to families having a total annual average monthly income of up to Rs 50,000.
This is the first initiative of its sort in Pakistan’s history, in which banks are linked to the lowest income sector via microfinance organisations. The KPP, an initiative of Finance Minister Shaukat Tarin, is based on the notion of economic empowerment, i.e. creating chances to enhance the economic health of individuals with limited access to resources.
The Minister of Finance indicated that the government is committed not to provide fish to the poor, but to educate them how to catch one in order to create a sustainable living system under the KPP’s roof. Over time, the KPP’s whole worldview will alter the lives of Pakistan’s underprivileged. The initiative is built on the most cutting-edge funding structure in recent memory.