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Saturday, November 02, 2024  
01 Jumada Al-Awwal 1446  

Rs 12 bln allocated for Wasela-i-Haq programme: Farzana

Sindh Government and Benazir Income Support Programme have jointly launched ‘Wasela-e-Haq Programme’ for self-employment of educated youth of the province by providing soft and interest-free loan of Rs 0.3 million each.Sindh Government has allocated Rs 12 billion for this revolutionary programme initiated and directed by President Zardari. This initiative will be supported and executed within the system of Benazir Income Support Programme (BISP).Balloting will be held for this purpose on Friday (Jan. 27) , said Chairperson of BISP, Ms. Farzana Raja during the signing ceremony of this new programme, here at the Chief Minister House on Thursday.

This process would be completed within next one or one and a half month, she said. The software for this purpose is ready.
Sindh Chief Minister Syed Qaim Ali Shah, Sindh Ministers including Syed Murad Ali Shah, Agha Siraj Durrani, Haji Muzzafar Shujra, Ms. Shazia Atta Mari also witnessed the ceremony.
Ms. Farzana Raja said that under the first phase , around 35,000 youth would be given the loan from a pool of half million youth through balloting. One year would be given as the grace period and the re-payment of the loan would start in the second year. The loan would be provided after re-verification of the successful applicants in the balloting that they have no other source of income or job. It is possible that the names of such youth are included in this poop of half million sorted out from the data available with BISP, but later they would have been able to get a job.