PM increases loan amount for youth up to Rs25m
April 15, 2020 10:35 AM
Prime Minister Imran Khan on Tuesday approved the increase in the maximum loan amount for youth from Rs5 million to Rs25 million under the Kamyab Jawan Programme.
The prime minister took this decision after meeting his Special Assistant on Youth Affairs Usman Dar and Adviser on Finance and Revenue Dr Abdul Hafeez Shaikh. It was also decided in the meeting that the interest rate on the loan amount would be reduced and fixed under 8 percent.
“Once the lockdown is over, our youth should participate in the business sector,” the PM was quoted as saying.
“Youth are the asset of the nation. More funds will be invested in them, as they will play a vital role in improving the country’s economy,” said the PM.
The prime minister also approved the inclusion of all the banks in the Kamyab Jawan Programme.
The prime minister will announce more facilities soon to encourage the youth to adopt entrepreneurship.