LAHORE: Punjab Finance Minister Dr Ayesha Ghaus Pasha has distributed vehicles under ‘Punjab Self-Employment Scheme’, but just before two days before the local body elections.
Addressing the ceremony, the minister said that the scheme introduced with collaboration of Punjab government and Bank of Punjab is highly transparent. She said that around 35,000 people have been benefitted by the scheme so far.
The scheme will provide 50,000 vehicles (25000 Suzuki Bolan and 25,000 Ravi) to successful applicants. The repayment is to be done in 60 monthly instalments at 0% markup rate. The Punjab government will subsidize markup by 100%.
The delivery of vehicles was started from 20th March 2015 and the Bank of Punjab has completed deliveries of 35,000 vehicles till now.
Announcing names of winners, Dr Ayesha Ghaus Pasha said that most of the youth winning this balloting belong to South Punjab which is a proof that Punjab government did not ignore any part of the province.
Group Head Bank of Punjab Taimur Afzal appreciating the vision of the Chief Minister Punjab said that 99 percent recovery to Bank of Punjab is the biggest proof of the success of “apni gari apna kaam” scheme.
Earlier, representatives of World Bank also met Provincial Finance Minister for consultation about reforms in tax policies.
