*Subsidized loan Rs. 7.127 Billion has been disbursed to 5852 Youth*
ISLAMABAD: Federal Minister for Planning Development and Special Initiatives Asad Umar chaired a meeting on PM’s Kamyab Jawan Youth Entrepreneurship Program (YES). The meeting was attended by Muhammad Usman Dar, SAPM on Youth Affairs, Secretary Planning, and senior officials of the government.
SAPM Usman Dar apprised the Minister regarding the progress of two of the components already launched under PMKJP i.e. Youth Entrepreneurship Programme (YES). He informed the Minister that so far subsidized loan amounting to Rs. 7.127 Billion has been disbursed to 5852 Youth.
Federal Minister Asad Umar said that the scope of the program will be further expanded to provide loans to about one lakh youth for employment generation and socio-economic uplift.
The Minister directed that the possibility of introduction of a new Tier of financing of up to 200,000 may be explored, in consultation with the financial institutions including microfinance institutions who have expertise in financing funding at the micro-level, where traditional Banks are generally not lending.