Prime Minister of Pakistan Ensures Timely Subsidies to Banks for Youth Loan Scheme – RS News

Prime Minister of Pakistan Ensures Timely Subsidies to Banks for Youth Loan Scheme

The prime minister of Pakistan assured that banks will receive subsidies on time so that they can easily lend loans to the young generation.

Kamyab Jawan - prime minister of Pakistan

Kamyab Jawan - prime minister of Pakistan

Addressing several heads of different banks, the prime minister of Pakistan assured that they will receive the subsidies on time so that they can easily lend loans to the young generation.

During a meeting today, the PM Imran Khan said that the provision of easy loans to youth under the Kamyab Jawan Entrepreneurship Scheme was necessary for the future of the country.

He also told that the government will also ensure that problems faced by the banks are resolved on a priority basis.

The PM expressed satisfaction over the transparency and mechanism of the loan disbursement. He directed the economic team for ensuring the uninterrupted disbursement of loans.

He further added that the cooperation of banks is very important to groom the skills of the young generation. He ordered the relevant authorities to ensure timely provision of subsidy to banks for loan disbursement besides resolving all issues on a priority basis.

Special Assistant on Youth Affairs, Muhammad Usman Dar also added that the government has allocated PKR 100 billion for three years to provide better business opportunities to the youth. He said that 470,000 applications have been received so far and loans are being provided after verification.

The meeting was also informed that 21 banks are participating in the scheme. The banks will provide loans of fifteen billion rupees this year. The meeting decided to set up a high-level steering committee under the chairmanship of the deputy governor of State Bank to ensure uninterrupted disbursement of loans and success of the scheme.

It was also reported that a progress report on Kamyab Jawan Entrepreneurship Scheme will regularly be submitted to the prime minister of Pakistan. The Kamyab Jawan program was launched last year for the socio-economic development of the youth in the country.

PM Imran Khan, Muhammad Usman Dar, Abdul Hafeez Shaikh, Abdul Razak Dawood (SBP governor), and heads of different banks attended the meeting.

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