Prime Minister Nawaz Sharif yesterday launched an interest-free loan scheme and said that the government would serve the nation without any discrimination.
Premier Sharif said Rs2.5bn would be spent annually on the government grants and in the next four years one million people would be able to avail the facility.
The Rs50,000 per person interest-free loan, with relaxed conditions, would form the backbone of the country’s economic stability and will be offered indiscriminately to all the citizens of the country, the prime minister said.
The relaxed conditions mean that the loan applicant would not be required to present any guarantor or collateral to avail the loan scheme.
