By Ajmal Khan Yousafzai
ISLAMABAD: Special Assistant to the Prime Minister (SAPM) on Youth Affairs Muhammad Usman Dar Sunday said soft loans amounting to Rs 8.08 billion were approved under the Prime Minister Kamyab Jawan Programme’s Youth Entrepreneurship Scheme (YES) so far.
In an exclusive interview, he said the government had a target to create more than 50,000 new jobs by year-end through a total disbursement of about Rs 10 billion among the youth, aspiring to set up or expand businesses in more than 15 sectors such as auto, Information Technology, Dairy and others. “So far, we have disbursed Rs 3.47 billion among over 5,700 successful entrepreneurs and the remaining approved loans amounting to Rs 4.6 billion is ready to be disbursed,” the SAPM noted.
He added that over 6,874 loans, approved by the programme executing banks, would be disbursed once the applicants fulfilled all the formalities. Usman Dar appreciated the qualified entrepreneurs for availing the opportunity after submitting workable business plans to the YES executing banks. Timely disbursement of loans would pave the way for the government to achieve desired economic development and prosperity in the country, he maintained.
