As many as Rs 50 million was disbursed on Friday among 1,500 deserving families as interest-free loan under Akhuwat Micro Finance, Chief Minster Self Employment Scheme meant to make them effective and self-reliance member of the society.

As many as Rs 50 million was disbursed on Friday among 1,500 deserving families as interest-free loan under Akhuwat Micro Finance, Chief Minster Self Employment Scheme meant to make them effective and self-reliance member of the society. The ceremony was held at the Central Mosque, University of Agriculture Faisalabad in which UAF Vice Chancellor Dr Muhammad Iqbal Zafar was the chief guest. While, member Steering Committee Akhuwat Akbar Pervez, UAF Chairman Department of Biochemistry Dr Khalil-ur-Rehman, Dr Naveed Farah, Incharge Cloth Bank Akhuwat Muhammad Aslam, Dr Khalid Shouq, Akhuwat Regioal Manager Khalid Mehmood, Akhuwat Area Manager Rasheed Ahmad; Akhuwat’s Muhammad Aslam Javed , Saim Ahsan, Muhammad Abid and other notables also attended. The Vice Chancellor said that the journey of Akhuwat started 1400 years ago when brotherhood was established between migrants and the Ensar-e-Madina by Last and Final Prophet Hazrat Muhammad ( PBUH). He said that life of Last and Final Prophet Hazrat Muhammad ( PBUH) guides us in every sphere of life. He lauded the measures being taken on the part of Akhuwat that were holding the hands of those who didn’t have any ray of hope for the betterment in their lives. He said that education worked as the engine of a bright future of individuals and the society. He said that one third people in was spending the lives below the poverty line the country. He said that poverty can be alleviated through education, and skilled manpower. Akbar Pervez said that Akhuwat was established in 2001 with the objective of providing interest free microfinance to the poor so as to enhance their standard of living. Drawing on the principles of social justice and brotherhood, Akhuwat strives to alleviate poverty by creating a system based on mutual support in society. He said that there budget have crossed to Rs 52 billion. Dr Khalil Ur Rehman added that interest free loan for the deserving people was the hallmark step that will bring the prosperity and address their problems. He said that it is a step towards making deprived segment of society self-reliance.