MICRO FINANCE FOR HOUSEHOLD ENTERPRISES

The scheme namely “Micro Finance for Household Enterprises” has been approved for ADP at a total cost of Rs.80.00 million with an allocation of Rs.60.00 million in ADP-2007 – 08. The Scheme is designed to provide Credit Assistance to the Household & Cottage Enterprises in the Province. It will also help in achieving the objectives of poverty alleviation through employment generation. Household Enterprise is basically a cottage industry but the inmates (owner or events) of the house who are living in it are also carrying out the manufacturing activity. The project “Micro Finance for Household Enterprises” will cater to the financial needs of the household enterprises spread all over the Punjab. The financial assistance shall be provided through PSIC existing infrastructure & manpower. PSIC has an experience of 20 years in addressing to the financial needs of household enterprises through craftsmen & craftswomen.