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Prime Minister of Pakistan Mian Muhammad Nawaz Sharif has announced interest free Qarz-e-Hasana Scheme for Poor Peoples across Pakistan. 250,000 peoples will be get interest free loan.

Qarz-e-Hasana (Micro Interest Free Loans) facility aimed at helping the industry raise current access level of 2.5 million people to 5.0 million in next 5 years.

You can apply in PM’s Scheme for Qarz-e-Hasana Scheme as per eligibility criteriamentioned below. The federal cabinet has already given approval to all these initiatives.

All arrangements for the implementation of these programs have been completed. The Qarz-e-Hasana program will be completely on merit basis and transparent.
Prime Minister Qarze Hasana Scheme 2013

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How To Apply and Registration Process

  • Loan Application
  • Application Form
  • Result 2013
  • Online Application

Eligibility criteria:

Vulnerable rural and urban poor with a poverty score of up to 40.

Focus on women:

It is believed that increased economic participation by women can play a significant role in national development. In an attempt to encourage the same, 50% of loans will be given to female borrowers.

In addition, independent economic activity will empower Pakistani women both socially and in terms of finances.

Geographical spread:

The national outreach of the scheme would not be limited in geographic terms. However, preference would be given to limited and un-served areas.

This is aimed at engaging the population of these areas in greater economic activity and strengthening the process of development there.

Pricing:

It is Qarz-e-Hasana or interest free loan. Therefore, no mark-up would be charged.

Size and number of loans:

250,000 loans of an average amount of Rs.25,000 would be disbursed as part of thescheme.

Government Grant 2013-14:

Rs.3.5 billion have been allocated to the scheme by the Federal Government.

Executing agency:

PPAF would be the central executing agency of the scheme. Enlisted partner organizations and community organizations that have necessary expertise and experience will be engaged in the process.

De-centralization in the process of execution implies greater transparency and increased efficiency.

Recycling:

To make the fund sustainable, borrowers will be encouraged to return the loan. The amount returned will be deposited to the permanent fund available to the community and be used for future lending.

In addition, the process will introduce the borrowers to conversion from being “takers” to “givers” that implies positive social and financial effects.

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8 Comments

  1. m-hassan says:

    i have need 2 lakh rupees only for own my business plz add me regards m-hassan karachi city

  2. zahoor hussain says:

    I am M.A B.ed, I want to take interest free loan( Qarz-e=Hasna) 10 lock rupees for business.

  3. Muhammad Saleem says:

    I have to need loan to start my business. please help me.

  4. Asif ali says:

    i have need tow lace rupees only for own my Marriage pleas add me

    meri shadi hy bhai koi mri help kro yar koi loan dy do ya weasy udaar pasy dy do . wapis kr donn ga

  5. i realy need for this loan kindly tell me how can i apply for this loan.

  6. Rana mohammad anwar khan says:

    dear sir,
    i have need 2 lakh rupees only for own my business plz add me

    regards,
    rana m.anwar faisalabad city

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