ISLAMABAD: Economist Dr. Shahid Hassan Siddiqui has said that government's Youth Business loan programme will ensure that people are self-employed by providing them vocational training and loans.
Talking to Radio Pakistan, he said that such programmes are very necessary to eradicate poverty and suggested to link Benazir Income Support Programme and Zakaat with microfinance.
He said "we should rely on our own resources to minimize the ratio of imports."
Another analyst of National Defence University Islamabad, Dr. Muhammad Khan has said that the youth business loan programme is the first of its kind in Pakistan as many incentives have been offered to the youth.
He said that in the first year of the loan there will be no markup and in second year the markup will be 8pc in which 7pc will be afforded by the government itself.
He added this programme should be implemented throughout the country.
He said reconsideration is necessary regarding the guarantor of the loan taking persons because the youth from lower class have problems in this connection.
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