{"id":64552,"date":"2025-02-04T17:40:10","date_gmt":"2025-02-04T12:40:10","guid":{"rendered":"https:\/\/dailyausaf.com\/en\/?p=64552"},"modified":"2025-02-04T17:42:36","modified_gmt":"2025-02-04T12:42:36","slug":"govt-announces-expansion-of-pm-youth-loan-scheme-to-assist-business-ventures","status":"publish","type":"post","link":"https:\/\/dailyausaf.com\/en\/business\/govt-announces-expansion-of-pm-youth-loan-scheme-to-assist-business-ventures\/","title":{"rendered":"Govt announces expansion of PM Youth Loan scheme to assist business ventures"},"content":{"rendered":"

ISLAMABAD: The Prime Minister’s Youth Loan Scheme<\/a> has just gotten a major boost, with the government announcing its expansion to provide financial assistance for business ventures and laptop purchases.<\/p>\n

Under<\/span>\u00a0<\/span>this<\/span>\u00a0<\/span>expansion,\u00a0<\/span>financial\u00a0<\/span>help<\/span>\u00a0<\/span>would<\/span>\u00a0<\/span>be<\/span>\u00a0<\/span>available<\/span>\u00a0<\/span>to<\/span>\u00a0<\/span>businessmen, as well as those seeking to acquire a\u00a0<\/span>laptop<\/span>. This\u00a0<\/span>new<\/span>\u00a0development was\u00a0<\/span>announced<\/span>\u00a0by\u00a0<\/span>the<\/span>\u00a0<\/span>Special Assistant to the Prime Minister for Youth Affairs,\u00a0<\/span>Rana Mashhood Ahmed Khan,\u00a0<\/span>who\u00a0<\/span>revealed<\/span>\u00a0that\u00a0<\/span>an official notification from\u00a0<\/span>the State Bank of Pakistan<\/a> (SBP) <\/span>confirmed<\/span>\u00a0<\/span>the<\/span>\u00a0<\/span>expansion<\/span>\u00a0<\/span>of<\/span>\u00a0<\/span>the scheme.\u00a0<\/span><\/p>\n

This<\/span>\u00a0<\/span>program,<\/span>\u00a0<\/span>under<\/span>\u00a0<\/span>which<\/span> students\u00a0<\/span>between<\/span>\u00a018\u00a0<\/span>and<\/span>\u00a030\u00a0<\/span>years of age who are\u00a0<\/span>enrolled in <\/span>institutions approved by the\u00a0<\/span>Higher Education Commission<\/a>\u00a0<\/span>can now apply for\u00a0<\/span>a\u00a0<\/span>laptop\u00a0<\/span>loan<\/span>,\u00a0<\/span>is a\u00a0<\/span>big<\/span>\u00a0opportunity for\u00a0<\/span>the<\/span>\u00a0<\/span>youth<\/span>\u00a0to\u00a0<\/span>have\u00a0<\/span>access\u00a0<\/span>to\u00a0<\/span>the technology\u00a0<\/span>that\u00a0<\/span>they need to succeed.<\/span><\/p>\n

However,<\/span>\u00a0that’s not all<\/span>;<\/span>\u00a0<\/span>the scheme has also been extended to support young\u00a0<\/span>people<\/span>\u00a0<\/span>who<\/span>\u00a0<\/span>seek\u00a0<\/span>employment abroad.\u00a0<\/span>To<\/span>\u00a0<\/span>these individuals\u00a0<\/span>planning to work overseas<\/span>,<\/span>\u00a0<\/span>loans\u00a0<\/span>can\u00a0<\/span>go<\/span>\u00a0up to\u00a0<\/span>a maximum of\u00a0<\/span>Rs1 million<\/span>.<\/span>\u00a0<\/span>These<\/span>\u00a0<\/span>would<\/span>\u00a0<\/span>surely<\/span>\u00a0<\/span>help<\/span> with\u00a0<\/span>the\u00a0<\/span>training, visa, and travel\u00a0<\/span>costs<\/span>. <\/span><\/p>\n

Rana Mashhood emphasized that the government is committed to creating more opportunities for the youth, and it’s clear that they’re putting their money where their mouth is – over Rs186 billion in loans have already been disbursed under the Prime Minister’s Youth Loan Scheme to empower young individuals nationwide.<\/span><\/p>\n

Just a few weeks ago, Prime Minister Shehbaz Sharif directed an increase in the loan amount under the Youth Program from Rs 500,000 to Rs 1.5 million, which is a significant increase that will surely make a big difference in the lives of young entrepreneurs.<\/p>\n

\u00a0<\/span>During<\/span>\u00a0<\/span>a review meeting on small and medium-sized businesses\u00a0<\/span>conducted<\/span>\u00a0in Islamabad, the Prime Minister\u00a0<\/span>directed<\/span> a detailed survey to be completed soon to<\/span>\u00a0facilitate businesses and\u00a0<\/span>make<\/span>\u00a0the facilities\u00a0<\/span>being\u00a0<\/span>provided to small and medium-sized businesses\u00a0<\/span>meet<\/span>\u00a0international standards. <\/span><\/p>\n

He also\u00a0<\/span>asked<\/span>\u00a0that a\u00a0<\/span>package for women entrepreneurs in small-scale businesses be\u00a0<\/span>designed<\/span>\u00a0and presented\u00a0<\/span>very\u00a0<\/span>soon,\u00a0<\/span>a great step\u00a0<\/span>to<\/span>\u00a0<\/span>promote<\/span>\u00a0entrepreneurship and\u00a0<\/span>empower<\/span>\u00a0women<\/span>.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

ISLAMABAD: The Prime Minister’s Youth Loan Scheme has just gotten a major boost, with the government announcing its expansion to provide financial assistance for business ventures and laptop purchases. Under\u00a0this\u00a0expansion,\u00a0financial\u00a0help\u00a0would\u00a0be\u00a0available\u00a0to\u00a0businessmen, as well as those seeking to acquire a\u00a0laptop. This\u00a0new\u00a0development was\u00a0announced\u00a0by\u00a0the\u00a0Special Assistant to the Prime Minister for Youth Affairs,\u00a0Rana Mashhood Ahmed Khan,\u00a0who\u00a0revealed\u00a0that\u00a0an official notification from\u00a0the State […]<\/p>\n","protected":false},"author":9,"featured_media":64562,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[1084,5404,26302,21644],"class_list":["post-64552","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-higher-education-commission","tag-pm-shehbaz-sharif","tag-pm-youth-loan-program","tag-state-bank-of-pakistan-sbp"],"_links":{"self":[{"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/posts\/64552","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/comments?post=64552"}],"version-history":[{"count":2,"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/posts\/64552\/revisions"}],"predecessor-version":[{"id":64564,"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/posts\/64552\/revisions\/64564"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/media\/64562"}],"wp:attachment":[{"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/media?parent=64552"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/categories?post=64552"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/tags?post=64552"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}