Home | National | Cabinet approves establishment of loan fund for teachers

Cabinet approves establishment of loan fund for teachers

Font size: Decrease font Enlarge font
Cabinet approves establishment of loan fund for teachers
 KABUL: President Mohammad Ashraf Ghani chaired the Cabinet Meeting here on Wednesday, a presidential statement said.
According to the statement, the meeting discussed and approved key issues on the agenda, including the resolution on archiving of the country’s foreign policy documents, regulating law for Kankur [University Entrance Exam] and laws of orphanage related to Ministry of Justice, draft on fundamental reforms in pension directorate related to Ministry of Labor, Social Affairs and Martyrs and reformation draft on retirement policy presented by the Ministry of Finances.
The Cabinet also discussed and approved establishment of loan fund for teachers related to Ministry of Education and issues of transferring lands, including distribution of residential units to heirs of Afghan National Defense and Security Forces in Kapisa Province related to Afghanistan’s Land Authority. 
The ministry of education said the fund initially has five million Afghanis and would ease loan opportunities for destitute teachers. According to them the loan would be taken back from the salaries of the teachers within one year.
The ministry of education acting minister said the leading body of the ministry have dedicated 20 percent of their one month salary to the fund.
Meanwhile the cabinet approved the loan fund for teachers with President Ghani pledging amount of 2 million Afghanis for the fund. The cabinet minister also dedicated 20 percent of their one month salary to the fund.
Later on, the deputy minister of finance presented the ministry’s proposal for adding amount of 8.81 billion Afghanis to ordinary budget and 7.14 billion Afghanis to development budget of the current solar year of 1397 which the cabinet approved it.
The session also discussed prioritizing implementation of development projects in cold provinces of the country and approved7 international MoUs related to ministry of Foreign Affairs.