Islamabad July 15 2022: The Youth Business Loan Scheme has been revamped and through the Skills Development Programme, 100,000 youth will be equipped with skills says Special Assistant to Prime Minister on Youth Affairs Shaza Fatima Khawaja.
Shaza Fatima denied all the rumours about the suspension of the Youth Business Loan Scheme and said that the initiative has gone through some structural changes. Loans up to 5 lac rupees are now interest free and to ease the loan process, the conditions for getting loans up to 75 lacs have been changed.
Earlier, the government is charging interest rate of 3 percent on a loan of up to one million. Earlier, State Bank of Pakistan communicate that Government of Pakistan is considering to review/revise features of subject Scheme in light of recent developments in macroeconomic scenario. Accordingly, banks participating as executing agencies under Prime Minister’s Kamyab Jawan Youth Entrepreneurship Scheme (PMKJ-YES) were advised to put on hold fresh disbursement from July 1, 2022 to July 15, 2022.
SAPM said that almost 2 million students graduate from different educational institutions every year and there is a big need of providing them with market-oriented education. Under Prime Minister’s Youth Programme, a national employment policy is being created. She further said that the last government closed National Internship Programme. Technological transformation is one of our main focuses, tech trainings and digital skills scholarships will be given to students, said sapm.
SAPM stressed upon the importance of Skills training. She said More than 50 million population of Pakistan is between the age of 15-25 years and our utmost goal is to train and equip them with skills.
