The Prime Minister is launching the Kamyab Pakistan Program (KPP), a major programme of the current government, on Monday, October 4, 2021.
In accordance with the Prime Minister’s goal of empowering the public, the Government of Pakistan has launched a number of programmes aimed at poverty reduction, job creation, and the supply of affordable housing for the population.
The Kamyab Pakistan Program was created to improve the lives of those who are disadvantaged in society. The initiative would provide microcredit in the sum of Rs. 1400 billion to the lowest of the poor, 3.7 million households, giving them with much-needed financial assistance to better their livelihood. Financing under the KPP would be available only to households with a combined average monthly income of up to Rs. 50,000 per month.
This is the first initiative of its sort in Pakistani history, connecting banks to the lowest income group via Micro-finance Institutions.
The KPP, the brainchild of Finance Minister Shaukat Tarin, is founded on the notion of financial empowerment, which means offering chances to enhance the financial health of individuals who have limited access to resources. Under the auspices of the KPP, the Finance Minister declared that the government is strongly dedicated to teaching impoverished people how to catch fish rather than providing them with fish.
Over time, the entire KPP paradigm will improve the lives of Pakistan’s disadvantaged people. The programme is based on the most modern and creative funding structure.
KPP is made up of five parts, which are as follows:
- Kamyab Kissan
- Kamyab Karobar
- Naya Pakistan low-cost housing
- Kamyab Hunarmand
- Sehatmand Pakistan.
Under the first three components, micro-loans will be distributed to qualified people who have registered with Ehsaas Data, which has been scientifically gathered through the National Socioeconomic Registry (NSER). The latter two components of the KPP will be merged with existing government programmes. Kamyab Hunarmand is intended to work in tandem with the government’s current skill development initiative in order to provide educational and vocational training to our young youth.
The KPP also features an easy-to-use site known as the Kamyab Pakistan Information System (KPIS). The site will be linked with Ehsaas and NADRA databases to verify beneficiaries’ eligibility, allowing executing agencies (i.e., MfPs) to finalise funding modalities in the most efficient and smooth manner possible.
The KPP will supplement the government’s efforts to combat inflation by enabling the public to better their standard of living.
The KPP will be implemented gradually. Gilgit-Baltistan, AJK, Balochistan, Khyber Pakhtunkhwa, and the poorest of the poor areas of Punjab and Sindh are covered in the first phase.
The KPP is a real dispensation of a responsible state to elevate its impoverished and vulnerable sectors, with a primary focus on a “bottom-up approach” to attaining all-inclusive and sustainable economic growth, as envisioned by the Prime Minister.
