Expressing satisfaction on overall progress of various components of Prime Minister's Youth Programme, Prime Minister Shahid Khaqan Abbasi has said that Youth Programme, initiated in 2013, was reflective of the priorities of PML-N government to help the youth in becoming the most productive asset of the society and thus enabling them to contribute towards overall socio-economic development of the country.
This, he said during a briefing given by Chairperson Prime Minister's Youth Programme at Prime Minister's Office on Monday. Leila Khan, Chairperson Prime Minister's Youth Programme briefed the Prime Minister on the achievements of various schemes of Prime Minister's Youth Programme. She said, "Prime Minister's Youth Programme is a successful initiative of the PML-N government for the socio-economic development of youth as overall beneficiaries under its six schemes are over 1.1 million now," said a press release.
Leila Khan explained that under PM's Youth Business Loan Scheme, we have so far disbursed around 22,000 loans worth Rs 22 billion among educated and skilled youth, both men and women, for the promotion of entrepreneurship culture in the country. These young entrepreneurs are not only running their own businesses successfully but are also providing employment to number of other youths around them. 91% recovery rate of the scheme, the highest in SME sector financing, speaks of its success.
Under PM's Interest Free Loan Scheme, so far more than 400,000 interest free loans worth Rs 9.5 billion have been disbursed among poorest of the poor across the country. 64% of the loans beneficiaries are females, while 99% is the overall recovery rate of the scheme.-PR
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