Islamabad: The Ministry of Finance on Thursday (March 24) asked for proposals from competent entities and organisations to monitor and assess the multibillion-rupee Kamyab Pakistan Programme (KPP), news sources reported.
Read: Kamyab Pakistan Programme: PM launches interest-free loan scheme
The participating enterprises will compete to build the Kamyab Pakistan Programme (KPP) monitoring and evaluation unit, which will comprise wholesale banks, execution agencies, and micro-borrowers. The organisations have been asked to submit plans within two weeks to monitor progress on the five main components. The major monitoring areas will include loans for farmers, businesses, housing construction, skill-based scholarships, and Sehat Cards.
Similarly, the enterprises shall establish and manage methods for monitoring KPP based on quarterly metrics such as:
- Tracking of disbursements
- Guarantee limits
- Subsidies and billing
- Strength or solvency of the executing agencies
- Non-performing loans and recoveries
- Early warning signs
Read: PM Kamyab Jawan Programme to disburse PKR 10 bn to Sindh youth
Furthermore, the program’s financial success will be evaluated based on yearly outcomes such as non-performing loans as a fraction of an outstanding portfolio, disbursements versus goal, and the percentage of subsidies. The government will then alter and revamp its KPP policies based on the findings issued by the KPP monitoring unit.