Usman Dar urges youth to apply for loans under Youth Entrepreneurship Scheme

ISLAMABAD: Special Assistant to Prime Minister (SAPM) on Youth Affairs, Muhammad Usman Dar has urged the youth to apply for loans under Youth Entrepreneurship Scheme (YES)

The government has an ambitious plan of giving Rs100 billion loans to young and aspiring youth having the requisite business plans and skills, said the SAPM while chairing a meeting at PM Office.

YES; an initiative launched under the umbrella of PM Kamyab Jawan Programme was recently restarted after the inclusion of partner banks from the private sector and offering further facilities including a reduction in markup rates, Islamic Banking, etc. to encourage young entrepreneurs to benefit from the scheme.

SAPM emphasized that youth applying for loans under YES must have proper and workable business plans to enable them in the approval of loans. “The scheme has huge potential to enhance business activities in the country and create employment opportunities as well. 25 percent share of the loans is reserved for women entrepreneurs,” said Dar.