ISLAMABAD, Pakistan: The Prime Minister’s Youth Program (PMYP) had facilitated around 1,116,206 youth during four years across the Country contributing its share in socio-economic development, the PMYP Chairperson Leila Khan said on Wednesday
“The Prime Minister’s Youth Business Loan Scheme covered over 20,499 deserving candidates and an amount of Rs 20.52 billion was disbursed,” Laila Khan said.
The PMYP Chairperson said 95 percent cases were entertained by National Bank of Pakistan (NBP) and recovery rate of the scheme was 91 percent.
Leila khan said the prime focus of this scheme was to provide Country’s youth financial assistance to make them independent entrepreneurs and contribute in national economy. She said the scheme also helped curtail poverty and was also generating additional employment.
Laila Khan said under PM’s Youth Skill Development Programme, 100,000 male and female had so far been trained in more than 100 demand-driven trades across the Country. She said a 25-30 percent of the total seats were reserved for female students while seminaries’ students and disabled youth were also part of this scheme. She added another 100,000 youth would be imparted training during 2018-19 under Phase-IV and Rs 6.2 billion was approved by Executive Committee of National Economic Council (ECNEC) in 2017.
The PMYP Chairperson said under Prime Minister’s Fee Reimbursement Scheme, Rs 6.8 billion had been released from 2012-17. The number of beneficiaries under this scheme is 199,559.
“Initially it was started in Balochistan later it covered all other less developed areas of the Country”, she added.
Laila said around 300,000 laptops were distributed among talented students under Prime Minister Program for Provision of Laptops to Talented Students.
Moreover, 401,120 people had so far received interest free loans under PM’s Interest Free Loan Scheme amounting to Rs. 9.5 billion. She said 64 percent were the female borrowers and recovery rate was 99 percent.
In addition, she informed that 95,028 total interns were placed under Phase I and II in different organizations to provide them basic necessary training to enter a field of their own choice.
Under the PMYP, Laila Khan said, different schemes, were meant to enabling poor get good employment opportunities, impart training to educated youth and alleviate poverty for prosperous Pakistan.