ISLAMABAD (Web Desk): The federal government has increased the loan limit in the Kamyab Jawan Program from Rs 5 million to Rs 25 million.
In a press conference with Special Assistant for Youth Affairs Usman Dar, Finance Advisor Hafeez Sheikh said that loans are being given for successful youth programs, for which they are ensuring the provision of all possible funds, as much money as possible for the program.
If it is needed, we will give it. If we need Rs. 100 billion for a successful youth program, we will get it.
Kamyab Jawan Program loan limit increased
Finance Advisor Hafeez Sheikh said that loans would be provided to the youth for expansion of small scale industries and businesses.
It is being started on a large scale. The limit was fixed at Rs 5 million. Now it has been increased to Rs 2.5 crore.
According to the adviser to finance, the interest rate on the loan has been reduced from 6% and 8% to 3% and 4%.
The loan amount has been increased and the interest rate has been halved for those who have received loans.
Half will have to be paid. Earlier, only three banks were involved in this program. Their number has been increased to 21.
Kamyab Jawan Program Loans ranging from Rs. 1 to Rs. 1 million can be obtained only by providing any kind of security.
Special Assistant Usman Dar said that the application will be available on the website of the successful youth program from August 13.
The purpose of the successful youth is to create jobs in Pakistan. This program will employ one million youth.
The youth has approved to expand the scope of the program, the loan amount has been increased under the program. The youth will be able to get 5 times more money on easier terms than before.
The decision to issue loans to eunuchs under the program
The ECC has also approved deferment of principal repayment of loans under the Kamyab Jawan Program for one year while halving the interest rate on loans for eunuchs under the Kamyab Jawan Program. Loans will also be issued for your business.
Official Website: https://kamyabjawan.gov.pk/
