0

Over eight thousand youth from across the country have so far received loans under Prime Minister's Youth Business Loans programme to set up their own businesses.

According to official sources, another eight thousand cases are in process, on which the loans will be given within the next three months.  About fifty percent loan seekers are women under this scheme.

Loans amounting to over seven billion rupees have been disbursed by the National Bank and First Women Bank while three hundred million rupees by the private banks.

The sources said the recovery rate of Youth Business Loans Scheme is ninety-seven percent.

Meanwhile, under Prime Minister's Interest Free Loan scheme, so far loans were given to one hundred seventy-five thousand people. Loans under this scheme are being given in far-flung areas including FATA.


Third-party Ads