Loans totaling 17 billion rupees to youth: minister – Pakistan



ISLAMABAD: State Information Minister Farrukh Habib said Friday that the government has disbursed Rs.17 billion in concessional loans to more than 14,000 young entrepreneurs through the Kamyab Jawan Youth Entrepreneurship Program (YES) (KJP).

Addressing the second group of the KJP National Youth Council (New York), Mr. Habib said that Prime Minister Kamyab Jawan’s program ushered in a new era of entrepreneurship in the country, creating tremendous employment opportunities for the country’s youth.

He said that a significant portion of the total payments went to those who were unable to realize their ideas and dreams due to financial constraints, pointing to the recent government decision to increase the upper limit for the first level of YES from 1 million rupees to 2 million rupees.

According to him, at least 170,000 scholarships have been awarded to youth throughout the country to improve their qualifications.

Says there are 170,000 advanced scholarships available nationwide.

Mr Habib praised the efforts of the Special Assistant to the Prime Minister for Youth Affairs, Mohammad Usman Dar, to transparently implement the SDR, adding that the program is critical to ensuring the financial independence and empowerment of youth.

The country is moving towards food security through a recovery in the agricultural sector, he said, adding that the government, under the leadership of Prime Minister Imran Khan, is taking extra care in spending taxpayer money to stimulate economic growth.

He added that the cost of the prime minister’s visit to Afghanistan was only $ 9,600, while former rulers such as Nawaz Sharif and Asif Zardari spent up to $ 60,000 on the same. The prime minister visited America for only $ 67,000, while previous rulers did it for $ 700,000.

The Prime Minister has saved over Rs 1 billion out of a total of over Rs 3 billion approved for the Prime Minister’s House. He asked New Yorkers to draw inspiration from the prime minister who came to power in a genuine political struggle that has lasted more than 22 years.

He added that New York has been a platform for youth to make their dreams come true and that there is a need to expand New York’s network so that more talented youth can be part of the nation’s decision-making process.

Posted in Breaking Dawn, July 10, 2021


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