‘Kamyab Pakistan’: What Does This Government Initiative Entail?

Kamyab Pakistan Project

The incumbent government in Pakistan is working to introduce a number of pro-people initiatives that can have a positive impact on people’s lives. The main idea behind such campaigns is to provide incentives that will make citizens self-sufficient in providing for themselves. This means that the policies being introduced aim to create sustainable models of development through active participation by the people themselves. These initiatives have been introduced under the Kamyab Pakistan Project. Let’s explore these initiatives in detail.

Kamyab Pakistan Project

Ehsaas is an umbrella initiative for a number of welfare programs launched by the government (Credits: Facebook/ Ehsaas PK)

Kamyab Pakistan is a flagship project of the government of Pakistan that aims to extend microloans to entrepreneurs, small business, and farmers. The government has allocated a budget of PKR 1.6 trillion. 

Let’s look at the details of the project:

  1. Under the project PKR 50,000 per month to people registered under the Ehsaas Programme with the National Socio-Economic Registry (NSER).
  2. The disbursements will be done for a period of 3-5 years.
  3. The project will benefit 3,000,000 families
  4. The Kamyab Pakistan Project works through various Banks, DFIs, PMRC, and the Microfinance Banks & Institution/Housing Finance Companies. 

The Kamyab Pakistan Project is a policy mechanism in its own right that is working for the socio-economic uplift of the people. Under this program, a number of other initiatives have been introduced which will impact different sectors of the society. 

Kamyab Kissan Programme

The Kamyab Kissan Programme, aims to provide agricultural loans to farmers with landholdings up to 12.5 acres. These microloans of up to PKR 150,000 (per crop) would be extended for procurement of agricultural inputs to boost productivity. In addition, loans up to Rs200,000 would be given for machinery and equipment at zero mark up rate.

Apart from loans, Kamyab Kissan Programme is a dynamic project that aims to impart technical expertise to the farmers so that they can better contribute towards the agricultural sector, in the face of scarce resources. This is because under the Second Phase of the China Pakistan Economic Corridor (CPEC), the government is working to revive activities in various sectors, especially agriculture. Time and again the incumbent prime minister, Imran Khan has also apprised the citizens that agriculture is Pakistan’s economic backbone, and therefore, its growth is integral for rejuvenating activity. Similarly, Kisan Cards will also be issued to the farmers, and the registered farmers will then be given financial incentives.

Naya Pakistan Low Cost Housing Scheme

NPHP gets a budget of 500 m
Naya Pakistan Housing Program gets a major boost of PKR 500 million

The Naya Pakistan Housing Programme (NPHP) is a low-cost housing project that also offers zero-markup housing loans as well. This is the biggest project in Pakistan’s history that is aimed at housing vulnerable groups in society, because of the economic benefits of low cost housing. Under this program, two kinds of loans have been given; PKR 2.7 million for Naya Pakistan Housing and Development Authority (NAPHDA), and PKR 2 million for non-NAPHDA projects. The time frame for these easy-installments loans is upto 20 years.

These are the projects that are primarily aimed at providing financial assistance, however, there is one other, Kamyab Jawan Program that is a bit different.

Kamyab Karobar

Under this initiative, loans of up to PKR 500,000 will be given to businessmen for setting up businesses of dairy, livestock, poultry and fisheries. The idea under this is to include more startups in these sectors and to incentivize them by providing loans at zero markup rate.

The Bank of Alfalah, and the Bank of Punjab have been designated as the banks for borrowing money.

Kamyab Jawan Program

how to register for Kamyab Jawan Programme
This programme aims to create job opportunities for the unemployed youth (Credits: Facebook/Kamyab Jawan Program)

Under the Kamyab Jawan Program, the government is working to provide opportunities for the youth of the country. The project aims at creating employment opportunities for the youth through numerous programs. This isn’t a job creation program, but a technical skills development one.

As per the details, 170,000 scholarships have been allocated for the skill development, whereas an additional 50,000 scholarships will be awarded for hi-tech skills, which include big data and artificial intelligence.

Youth can apply through various programs, such as: 

  • Startup Pakistan Programme
  • Youth Entrepreneurship Scheme
  • Hunarmand Pakistan (Skills for All) Programme
  • Youth Engagement Platform
  • Green Youth Movement
  • National Internship Programme

These are all the programs being introduced under the Kamyab Pakistan Project, which is expected to be launched next month. As details are issued, we will keep updating our information. For the latest updates, keep checking Pakistan’s largest property blog, Zameen Blog. Also, for any queries, write to us at blog@zameen.com.