Rs. 5 billion being ploughed into Ehsaas Interest Free Loan

Feb 25, 2021 – Islamabad: Islamabad - February 25, 2021: With the new injection of Rs. 5 Billion to upscale Ehsaas Interest Free Loan (IFL) programme, being ploughed by the government of Pakistan, SAPM Dr. Sania Nishtar convened a review meeting with the Ehsaas’ executing agency, Pakistan Poverty Alleviation Fund (PPAF). Primarily, the meeting assessed the progress of the IFL in 110 existing districts and discussed the roadmap to upscale the programme across 28 new districts in lagging regions. Launched in July 2019, Ehsaas IFL is the country’s biggest programme for poverty graduation, which will impact 14.7 million vulnerable people in four years with half of them women including youth, persons with special needs, transgender, minorities and marginalised communities. Overall, Ehsaas interest-free loans worth Rs. 41.9 billion have been disbursed to 1.19 million borrowers so far, of which 45 percent are women across the country.