ISLAMABAD, Jun 11 (APP): Pakistan Poverty Alleviation Fund (PPAF) has disbursed around Rs. 241.57 billion to its Partner Organizations (POs) in 149 districts nationwide to implement multi-sectoral socio-economic development interventions, since its inception in April 2000 till March 2024.
According to the Economic Survey 2023-24 unveiled by the Federal Minister for Finance and Revenue, Senator Muhammad Aurangzeb, PPAF has disbursed a total of 8.4 million microcredit loans, with 60 percent loans to women and 80 percent financing to rural areas.
Listing the key initiatives taken by PPAF, the survey revealed that 39,600 health, education, water, and infrastructure projects have been completed benefitting 18 million persons.
More than 440,000 credit groups and 150,800 community organizations were formed while 1,161,000 individuals (48% women) received managerial and livelihood training.
Around 200-300 productive assets transferred (63% assets to women) to ultra and vulnerable poor households and 3,215,000 interest-free loans (55% women) have been disbursed through Interest-Free Loan (IFL) Programme.
Around 26,000 individuals, including women and youth were trained in enterprise development under Waseela-e-Haq National and Waseela-e-Haq Sindh programmes of the BISP and facilitated in establishing their successful ventures.
Around 39,000 persons with disabilities rehabilitated while around 1.5 million households, encompassing 11.3 million individuals, were benefited from PPAF’s disaster response efforts.
PPAF is continuing to support communities by providing interest-free loans and enhanced access to improved infrastructure, energy, health, education, livelihoods, and resilience to disasters. It has outreach in 149 districts across all four provinces and regions of the country.
