Government to provide loans of up to Rs5 million to the youth of Pakistan – Research Snipers

Government to provide loans of up to Rs5 million to the youth of Pakistan

The PTI-led federal government to provide loans of up to Rs5 million in order to launch the Kamyab Jawan Programme next month to economically empower the youth of Pakistan.

The decision to empower the country’s youth was taken during a meeting chaired by the Prime Minister of Pakistan Imran Khan. According to the details, PM Khan was given a detailed briefing about the programme and its project relating to education, skill training, entrepreneurship and civic engagement.

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The Kamyab Jawan Programme initiated by the government comprises of two categories. The youth of the country will be given the loans from Rs100,000 to Rs500,000 to start their own business in the first category of the programme. In the second category, the government will provide loans from Rs500,000 to Rs5 million to the youth of the country.

It has also been decided that the guarantee of a third person to get the loan from the government has been abolished in the programme and the youth can directly take the loans from the banks through the portal.

In the first phase, the National Bank, Bank of Khyber, and Bank of Punjab will provide direct loans.