Prime Minister Interest Free Loan

Objectives of PMIFL Scheme :
  • Primary objectives of the Prime Ministers Interest Free Loan (PMIFL) Scheme are as follows: 
  • Make Interest Free Loans available to men, women and youth from poor, vulnerable and marginalized households categorized under 0-40 on the Poverty Score Card. This will enable them to engage in productive economic activities, improve their lives and positively contribute to the economy. 
  • Support female participation and inclusion in economic activities by disbursing at least 50% loans to women.
  • Encourage behavioral change by demanding loan beneficiaries to ensure specific health and education practices. 
  • Enhance the entrepreneurial competencies by extending capacity building services, e.g. enterprise training & counseling, market linkages, financial literacy and numeracy training.
  • Establish and strengthen Rural and Urban Branches, and Union Council based community institutions for assessing, distributing and recovering Interest Free Loans.  
  Target Area     In three Districts 2 UCS Muzafargarh, 2UCs in Multan and 6 UCs in Lodhran     Activities:  
  • Identification & Establishment of Loan & Business Development centers
  • Program Introduction & Advertisement
  • Formation of Committees (Loan & Review)Registration of basic information of applicants and Receipts of Applications
  • Social, economical and Technical Appraisals of targeted applicants
  • Development of Business Plans and Provision of Guarantors
  • Approval of Loan from Loan & Review committees & Sign pronote
  • Issuance of Loan to beneficiaries
  • Record keeping & MIS Management

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