As per the reports of local media, PM Khan has given the approval to enhance the loan limit of the Kamyab Jawan Program. This has been done to facilitate the youth for big business projects.
PM Khan gave the approval during a meeting with Dr. Abdul Hafeez Sheikh, the Finance Adviser and the Usman Dar, Special Assistant on Youth Affairs.
During the meeting, PM Khan directed to increase the loan facility under the Kamyab Jawan Program for the unemployed youth to nearly 5 times the present limit.
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The official announcement about the expansion would be made by the Finance Adviser and Usman Dar today.
While speaking on the occasion, PM Khan said that youth is an important asset of the nation and the government would try to invest more in the country’s youth.
Previously in the month of April, PM Khan had surged the loan limit under the abovementioned scheme from Rs.5 million to Rs.25 million. He had also instructed to decrease the applicable markup rate from the set 8 percent.
It is pertinent to mention that the Kamyab Jawan Program was launched in 2019 for the socio-economic development of the country’s youth for the development of the nation.