Sindh Cabinet Approves Rs 2 Billion Small Interest-Free Loan Scheme – Newspaper

KARACHI: The government of Sindh, as part of a “pro-poor economic stimulus program”, has decided to launch an independent work program of the chief minister to advance small interest-free loans to the people.

The move was made at a cabinet meeting held here on Thursday under the chairmanship of Chief Minister Syed Murad Ali Shah at CM House. The meeting brought together all relevant provincial ministers, councilors, chief secretary and secretaries.

The cabinet, on the recommendation of the heritage committee, approved a request from the owner of a building, Homie Katrak Chamber, Terrain CL-9/22/7, Abdullah Haroon Road-Hoshang Road, for the addition and modification of the building. heritage.

The building’s enclosure would remain the same with the renaissance and inside the enclosure a 27-story building would be constructed.

Regarding the loan program, the chief minister said the Covid-19 situation had left a large number of people unemployed or underemployed.

“Now is the time to introduce a pro-poor economic package whereby small interest-free loans can be offered to people to start their small businesses or strengthen their ongoing business activities,” he said and added that he could save Rs 2 billion in the current fiscal year to start the program.

27-storey structure to be built on a heritage site

Cabinet members approved the proposal and named it the Chief Minister’s Independent Work Program. They unanimously demanded an increase in its budget for the benefit of a greater number of people.

He formed a committee under the leadership of the President of Planning and Development, Mohammad Waseem, with the Secretaries of Finance and Law as members to work out the details of the program.

The meeting was informed that Akhuwat Islamic Microfinance, a non-governmental organization, was advancing interest-free loans to the poor so that they could start their small businesses. Their recovery rate was 100%.

The NGO representative gave a detailed briefing to the cabinet and they tasked the P&D chairman to meet with them and share their model with the cabinet at their next meeting to be held before Ramazan.

Posting policy

Local government secretary Najam Shah told the cabinet that a posting and hoarding policy had been developed in light of Supreme Court orders.

He said that under the policy, billboards must be constructed and installed according to standard height, size and restrictions.

The cabinet approved the policy. However, a committee headed by local government minister Nasir Husain Shah was formed to further refine the policy.

Land allocation

The provincial cabinet approved a proposal to allocate 13 acres of land to Jamia Islamia in Deh Tore, taluka Murad Memon, Malir district, at a rate of Rs 10 million per acre for amenity purposes. The price of the land was set by the district pricing committee.

Special court

The cabinet was informed that the 2020 Sindh Cooperative Societies Act has been applied. Under the law, a new special court will be created to hear cases involving companies.

Previously, cases were decided by arbitration.

The cabinet ordered the Department of Cooperatives to contact the Chief Justice of the High Court of Sindh for the establishment of a special tribunal for this purpose.

UPSP unit

The Cabinet of Sindh, taking into account the performance of the Directorate of Urban Policy and Strategic Planning Unit, approved it as an attached department of the Planning and Development Council with a budget of 143.618 million rupees. .

The Department of Urban Policy and Strategic Planning is responsible for providing technical support in the planning and development of urban land on a provincial scale in a short, medium and long term framework through the development of policies, plans and studies.

Karachi-Wuhan Brotherhood

The cabinet was informed that the Pakistani Ambassador to China has informed the Sindh government that the Hubei provincial government wishes to establish a sister-province relationship between Sindh and Hubei province and a sister relationship between Karachi and Wuhan. The Wuhan administration has completed its internal proceedings to appoint an important place on the Yangtze River bank as the place of Pakistani and Chinese friendship.

The cabinet was informed that the administration of Karachi will also undertake procedures to appoint a prominent public square / road on a similar model as a special gesture of friendship on the basis of reciprocity.

The cabinet also approved the rules of the Sindh Workers Welfare Fund, 2021.

In addition, it approved the appointment of Zulfikar Ali as Managing Director of Sindh Modaraba Management Limited.

Posted in Dawn, April 2, 2021

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