ISLAMABAD: In a meeting chaired by Prime Minister Imran Khan in the Prime Minister Office, it was informed that the Kamyab Naujawan Programme will be launched next month by the Prime Minister.
It is decided that under the programme, soft loans worth Rs100 billion will be given to 500,000 youths, though which the government will provide monetary assistance to the youth and also help the local industries prosper.
During the first phase of the programme, the framework of National Youth Development Strategic Roadmap had been completed. Furthermore, the National Youth Council has also been set up, announced Special Assistant to the PM on Youth Affairs Usman Dar.
He further briefed that various schemes including the Youth Entrepreneurship Scheme, Green Youth Movement, Start-up Pakistan, Internship Programme, Hunarmand Naujawan and National Entrepreneur Programme, will be launched under this programme.
To maintain a credible data of the youths and loans provided, a special portal is being developed and will be formed to keep a record of the youths, said Mr Dar.
Under the first category, youths would be given Rs100, 000 to Rs500, 000, which will be catered by the National Bank of Pakistan, Bank of Khyber and Bank of Punjab. Furthermore, loans will be increased to Rs5 million in the second phase.
To ease up the process, the government had removed the condition of personal guarantee of a third person in provisional loans from banks. Young people will now get loans directly through the portal.
He said all applications would be forwarded to banks through the portal and their record would also be maintained at the PM Office so that the prime minister could keep an eye on the whole process.
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