Prime Minister Interest Free Loan Programme

on

Interest Free Loan Programme
An Integral Component of National Poverty GraduationInitiative (NPGI)

1. Salient Features of Interest Free Loan Programme
  • Interest Free loans for income generating micro-enterprises
  • Funding through Federal & Provincial Governments
  • Allocation of Rs. 5 billion additional funds for FY 2019-20 by Federal Government
  • Loan size up to Rs. 75,000 (Average Loan size: Rs.30,0000)
  • 50% loans for women
  • Financial inclusion & mainstreaming of marginalized segments of society especially skilled youth, women, persons with special abilities, transgender people, BISP, Zakat & Baitul Mal beneficiaries.
  •  Business advisory services and linkages with MFIs, MFBs & Banks
  •  Disbursement of 80, 000 loans every month through 1110 loan centers of PPAF Partners, including Akhuwat Organizations (POs) across the country
2. Eligibility Criteria of Borrowers
  •  Age been 18 to 60 years
  •  Individuals from households on Score of 0-40 on Poverty Score Card
  •  Valid National Identity Card (CNIC)
  •  Resident of targeted union council of the district
  •  Economically viable business plan


3. Application Process.
  •  Request at loan center (written or oral)
  •  Veri­cation of Poverty Score Card
  •  Registration as a potential borrower
  •  Issuing of application form and business plan form
  •  Submission of complete documents by the applicant
4. Where to Apply for Interest Free Loans

The interest Free Loan Programme is being implemented through 22 Partner Organizations (POs) of
Pakistan Poverty Alleviation (PPAF) in rural areas and Akhuwat branch o‑ces in cities & towns through loan centers in 100 districts across the country. The information for districts, loan centers, names of implementing Partner Organizations (POs) and eligibility criteria for potential borrowers is provided at; www.ppaf.org.pk/NPGI.html.



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