The government will give loans under the Kamyab Pakistan Programme (KPP) across the country without enhancing the overall lending envelope after the programme partners could hardly disburse Rs1.4 billion against a reduced quarterly target of Rs30 billion.
The Economic Coordination Committee (ECC) of the cabinet on Thursday approved a summary moved by the finance ministry for the expansion of the KPP across Pakistan. The ministry said it had proposed the KPP’s expansion as per already-approved features by the cabinet to enhance its outreach and impact.
The wholesale lending partners – the Akhuwat Foundation and the National Rural Support Programme (NRSP) – had told the finance minister last month that the disbursement remained low because the programme’s outreach was limited to two provinces and certain special areas only.
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