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June 13, 2013

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Rs5 bn ‘Qarz-e-Hasna’ scheme introduced

Rs5 bn ‘Qarz-e-Hasna’ scheme introduced
ISLAMABAD: Rs5 billion has been earmarked for the launching of ‘Qarz-e-Hasna’ scheme in the federal budget for 2013-14 to facilitate the youth to establish their own businesses.
Youths will be able to get Rs500,000 loan and Rs10,000 monthly scholarship through the scheme. Finance Minister Ishaq Dar, while presenting the budget 2013-14 in the National Assembly on Wednesday, said 50 percent of the beneficiaries of this scheme would be women.
He said it had also been decided to launch a new scheme to provide laptops to students pursuing degree programmes from one of the HEC recognised universities or institutions.
Dar said the scheme for reimbursement of tuition fee at Masters and doctorate levels, which is available for the students of Balochistan‚ Fata and Gilgit Baltistan, is being expanded to Interior Sindh‚ Multan‚ Bahawalpur and DG Khan divisions which are equally underdeveloped.
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