KPK governor launches interest free loan scheme for tribal people

SocialKPK governor launches interest free loan scheme for tribal people

PESHAWAR: Governor Khyber Pakhtunkhwa Sardar Mahtab Ahmad Khan has launched the interest free loans scheme in federally administered tribal areas under which more than Rs 1 billion as credit would be provided to the deserving and poor people of tribal areas.

Addressing the launching ceremony at Agency Headquarters Ghalanai on Monday, he said interest free loan scheme would support Small Scale Entrepreneurs in FATA.


He announced to make legislation for abolishing “Soodi Nizam” in tribal areas. Governor also distributed cheques amounting Rs. 3million among the poor and deserving tribal people of the area.

Governor said that corruption and injustice in society has made system paralyzed adding it is the reason that poor remained poor in the country.

We want complete abolishment of interest system from tribal areas and those who are dealing Soodi Nizamwould be given punishment according to the law, he added.

He said that the money would provide unemployed, poor, skilled and deserving people interest free loans amounting to Rs 10,000 to Rs 50,000.

He said that FATA people had same right on public money and resources of the country as the people of other areas have.

He directed the relevant officials to ensure transparency in distribution of loans and declared that no political recommendations would be required to get loans. He said both male and female people would get benefit from the scheme.

Source: APP

Mati-Ullah is the Online Editor For DND. He is the real man to handle the team around the Country and get news from them and provide to you instantly.

Must read

Recent News

Gates Foundation, PM’s Climate Aide vow to jointly work for Pakistan’s climate resilience building

ISLAMABAD, Pakistan: The Ministry of Climate Change and Environmental Coordination and Bill & Melinda Gates Foundation have agreed to work jointly for building Pakistan’s...

Ishaq Dar outlines key objectives of Pakistan’s foreign policy

ISLAMABAD, Pakistan: The Deputy Prime Minister and Foreign Minister Senator Mohammad Ishaq Dar on Tuesday addressed the 51st Foundation Day of the Institute of...

No new duties to be imposed on solar panels: PM

ISLAMABAD, Pakistan: Prime Minister Shahbaz Sharif has announced that no new duties will be imposed on solar panels to ensure common man's access to...

Interbank Dollar Rate Today in Pakistan – 25 June 2024

Interbank Exchange Rates in Pakistan The Interbank Closing Exchange Rate in Pakistan has been issued by the State Bank of Pakistan (SBP) for June 25,...

In some areas, terrorists still roam around at night: Khawaja Asif

LAHORE, Pakistan: The Defence Minister Khawaja Asif has said that in some areas, terrorists still roam around at night; however, he clarified that the...