Setting up MEU for Kamyab Pakistan Program: Finance Division Invites Tenders for Company Hiring

ISLAMABAD: The Finance Division has launched a call for proposals for the hiring of a competent company to set up the Monitoring and Evaluation Unit (MEU) of the Kamyab Pakistan programme.

The Ministry of Finance has stated that it intends to hire and engage an organization to carry out regular monitoring and evaluation of the Kamyab Pakistan program within the approved operational framework of the program.

The company will follow up at the level of wholesalers, executing agencies and micro-borrowers for the FI wing of the MoF. Interested and relevant organizations are invited to submit their proposals to work as the monitoring and evaluation unit of the Kamyab Pakistan program.

Proposals, both technical and financial, to this effect must be provided to the Finance Division in two separate sealed envelopes no later than two weeks after the publication of this announcement.

The interested bidder(s) will be required to carry out monitoring and evaluation functions at wholesaler, executing agency and micro-borrower levels and will be required to submit their “Technical Proposal” based on quarterly program indicators and annual results of the program.

PM launches ‘Kamyab Pakistan Scheme’: 4.5m low-income families to get interest-free loans from Rs1trn

Quarterly program indicators monitor disbursement tracking, guarantee limits, programs, grants and billing, etc. as well as the soundness/solvency of implementing agencies, non-performing loans and recoveries and early warning signs/indicators and other relevant indicators.

Annual results at the program level are non-performing loans (% of outstanding portfolio), disbursements against target, grants (% of loans) and other relevant financial results.

Socially, outcomes included business creation or expansion, increased home ownership, increased income levels or skills development, and whether or not access was improved. to health facilities, while on the economic side, the outcomes included benefits to the economy, job creation (direct and indirect) and other benefits like contribution to income, etc.

The ministry said the Kamyab Pakistan program is a major government initiative aimed at alleviating poverty by empowering disadvantaged segments of society and helping them transform their lives.

Copyright Business Recorder, 2022

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