Rs. 22,205 Mln Disbursed Among Youth Under Prime Minister Business Loan Scheme

About 22,210 loans of Rs 22,205 million have been disbursed among the educated and skilled youth, both men and women under the Prime Minister's Youth Business Loan Scheme during the fiscal year 2017-18.

ISLAMABAD, (UrduPoint / Pakistan Point News - 26th Apr, 2018 ) :About 22,210 loans of Rs 22,205 million have been disbursed among the educated and skilled youth, both men and women under the Prime Minister's Youth business Loan Scheme during the fiscal year 2017-18.

According to the Pakistan Economic Survey 2017-18 which was released here Thursday, the main objective of Prime Minister's Youth Business Loan Scheme is to provide interest free loans to the poor, vulnerable and marginalized households categorized under 0-40 on the Poverty Score Card.

This programme supports female participation and inclusion in economic activities by disbursing at least 50 percent loans to women. The young entrepreneurs are not only running their own businesses successfully but are also providing employment to a number of other youths around them.

This programme has a greater focus on women entrepreneurs as 50 percent loans are for female borrowers while 5 percent quota has also been fixed for heirs of Shuhada (martyrs), widows and special persons.