“The foundation of welfare state has been laid. This is a big day, big day for the poor,” the federal minister said while addressing the ceremony for disbursement of interest-free loans under the Kamyab Pakistan Programme.

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The federal minister said that initially four million households will be provided financial assistance under the programme, which will gradually be extended to six million and then seven million households.

The finance minister said that under the Kamyab Pakistan Programme big banks would lend wholesale loans to small and microfinance banks, which provide loans to deserving people on retail basis.

Under the programme, he added, the farmers would be provided interest-free loans upto the tune of Rs150,000 for one crop and Rs300,000 for two crops and Rs200,000 for tractors.

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Likewise, Rs500,000 loans will be provided to a household for setting up a business, and Rs2 million to Rs2.5 million for building a house. In addition, Sehat cards were provided to ensure health coverage for the poor.

He also appreciated all the stakeholders, small and large banks, for making this big programm

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