Rs 5.8 billion disbursed under Prime Minister’s Youth Business Loan Scheme

ISLAMABAD, Pakistan: The government has so far disbursed over 6,500 business loans worth Rs 5. 8 billion amongst potential entrepreneurs across the country under Prime Minister’s Youth Business Loan (PMYBL) Scheme.  

About 100, 000 interest free loans worth over Rs 2 billion have also been granted to the poorest of the poor in 44 under developed districts under the prime minister’s interest free loan scheme, according to Radio Pakistan.

The Prime Minister’s Youth Skill Development Programme has trained 25,000 youth in more than 100 demand-driven trades in Phase-I.

It is currently training another 25,000 trainees under Phase-II of the Programme.

Under the Fee Reimbursement Scheme, fee of almost 100,000 students hailing from less developed areas has been paid or reimbursed since the launch of the scheme in 2013-14.

The officials said that the Prime Minister’s Youth Training paid internship scheme would be offered to fresh university students in order to enhance their employability in the market.