Nawaz Sharif announced Interest Free Loan Scheme 2014-2015
Prime Minister, Mian Muhammad Nawaz Sharif has announced an interest free loan schemes. An amount of total 10 billion will be distributed among one million persons in four years. He was addressing to the interest free launching ceremony in Islamabad. He said that half of the loans are reserved for women.
Each person would get a loan from 10 thousand to 50 thousand rupees. Each year, 2.5 billion rupees would be distributed for this purpose. He added that this scheme is for those who have never taken any loan from any bank.
He emphasized on the importance of women in the national development programmes. The premier said that despite being a nuclear power, we are facing the shortage of electricity. He said that we are working to end the crisis of electricity on emergency basis.