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Rs3.5 billion interest free loan scheme approved by PM

Rs3.5 billion interest free loan scheme approved by PM

nwaz hand Prime Minister Mian Muhammad Nawaz Sharif approving an interest free Rs3.5 billion loan scheme stated that loans were necessary to change the social life of the poor. Meanwhile prime minister has said that no burden should be put on the common man in the next budget. The prime minister has directed different ministries to send the guidelines to the finance ministry regarding the next budget.

Prime Minister Sharif chaired a high-level meeting here on Tuesday and received a detailed briefing on the micro-finance scheme.

During the meeting, officials from the Finance Ministry informed that interest free loans of Rs50,000 will be provided for economic activities. The interest free loans will be provided under the NFC award formula.

One million people will benefit under the scheme which will start from the third week of June.

Meanwhile prime minister has said that no burden should be put on the common man in the next budget. The prime minister has directed different ministries to send the guidelines to the finance ministry regarding the next budget.

According to a private TV channel the prime minister while reviewing the suggestions sent by the different ministries has directed that no burden should be put on the common man in the next budget. The prices of the commodities should be kept low.

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