Prime Minister Imran Khan Monday launched ambitious Kamyab Pakistan Programme (KPP) worth Rs1400 billion in Islamabad to facilitate the vulnerable segments of the society.
Addressing the inaugural ceremony of Kamyab Pakistan Programme in the federal capital, PM Imran Khan said that the project should have been launched 74 years ago.
The prime minister termed the KPP a landmark initiative and said that it will bring improvement in the living standards of the common man.
“Our system is made to facilitate the elite class,” the prime minister said, adding that the state of Madina was a role model for him.
Terming the Madina state the world’s most successful model, PM Imran said that people become prosperous after a welfare state was established in Madina.
Lashing out at the previous governments, the prime minister said the flawed policies of the past left far behind our marginalized segments of the society.
“Inequality is the basis of the downfall of any society,” PM Imran added. He maintained that no government worked on the uniform syllabus in the country.
Referring to China’s progress, the prime minister said that Beijing took measures to facilitate the vulnerable segments of the society and became a developed country within 35 years.
PM Imran, while talking about petrol prices, said, “In Pakistan, prices of petroleum products are less as compared to other countries of the region.”
“We have also tried to absorb the maximum pressure of international increase in the prices of commodities. There has been 100% increase in the prices of petroleum products over the last few months but we only increased their prices by 22%,” said the prime minister.
He maintained that his government reduced sales tax and levy on petrol to facilitate the masses.
It is pertinent to mention here that under the flagship programme, the government will provide Rs1.4 trillion micro-loans to 3.7 million households across the country.
The KPP will be rolled out in phases. During the first phase, the loans will be provided to the deserving families in Gilgit-Baltistan, AJK, Balochistan, Khyber Pakhtunkhwa and the underprivileged areas of Punjab and Sindh.
In line with the vision of the prime minister to empower the masses, the government has taken multiple initiatives, which are targeted towards poverty alleviation, employment generation and provision of affordable housing for the people.
The KPP initiative has been designed to transform the lives of the marginalised segments of society. The programme shall disburse microcredit amounting to Rs1,400 billion for the poorest of the poor, providing them with much needed financial support to improve their livelihood. Financing under the KPP shall only be extended to families with a cumulative average monthly income of up to Rs50,000 per month.
This is the first programme of its kind in Pakistan’s history wherein the banks are being connected to the lowest income segment through micro-finance institutions. KPP, a brainchild of Finance Minister Shaukat Tarin, is based on the concept of financial empowerment i.e. creating opportunities to improve the financial health of people with limited access to resources.
The finance minister stated that the government is firmly committed not to provide fish to the poor people but teach them how to catch one for a sustainable living arrangement under the umbrella of KPP. The whole paradigm of KPP will change the lives of the underprivileged people in Pakistan over the years. The programme is based on the most innovative financing structure in recent times.
KPP has five components namely (i) Kamyab Kissan (ii) Kamyab Karobar (iii) Naya Pakistan low-cost housing (iv) Kamyab Hunarmand and (v) Sehatmand Pakistan.
Under the first 3 components, micro-loans shall be disbursed amongst eligible persons registered with Ehsaas Data, scientifically collected through National Socio-economic Registry (NSER).
The last two components of KPP will be integrated with the government’s existing initiatives. Kamyab Hunarmand is designed to integrate with the government’s ongoing skill development programme for imparting educational and vocational training to our talented youth.
The KPP also includes a user-friendly portal called Kamyab Pakistan Information System (KPIS). The portal will be integrated with Ehsaas and Nadra databases for verification of beneficiaries’ eligibility to facilitate the executing agencies (i.e. MfP’s) for finalising the financing modalities in a most efficient and seamless manner.
KPP will complement the efforts of the government to counter inflation by enabling the masses to improve their livelihood.
KPP is a true dispensation of a responsible state to uplift its poor and vulnerable segments with a key focus on a “bottom-up approach” for achieving all-inclusive and sustainable economic growth as envisaged by the prime minister.