Prime Minister Muhammad Nawaz Sharif has said micro finance schemes are the catalysts for political and economic development while micro credit is an instrument of change for the poorest segment of the society, especially women. Such schemes further boost the productive economic activities in the country. Prime Minister Muhammad Nawaz Sharif further said that I am convinced that if our youth are given proper guidance and financial support through micro credit schemes and better access to innovative technology, they can play their positive role in development of the country.
Prime Minister said this in a meeting which reviewed the progress of the Qarz-e-Hasana or interest free loan scheme. Prime Minister Nawaz Sharif approved the Qarz-e-Hasana scheme worth Rs 3.5 billion which will cater 1 million persons in Pakistan. Fifty percent of the beneficiaries would be women. The disbursement of Qarz-e-Hasana would start in third week of June this year.