Home arrow News arrow National arrow PM approves Youth Business Loan Scheme, 350,000 to be given loans
 

Today is,

Tuesday, 26 May 2015

 

Home | About Us | News | User Login | Jobs | Employees | Contact Us | Tender Notices
Untitled Document
Main Menu
Home
News
Blog
Links
Search
Contacts
News Section
National
World
Sport
Business
Forex
Weather
Articles & Features
World News
UN chief calls for strong international cooperation to overcome global challenges -
UNITED NATIONS, May 25 (APP): UN Secretary-General Ban Ki-moon has said the international community was enduring a “time of test” amid explosion of world conflicts, humanitarian crises and human rights problems, and called for strong international cooperation and bold action to overcome those challenges.


US Senate blocks extension of Patriot Act -
WASHINGTON, May 23 (APP): The United States Senate early Saturday rejected the extension of the Patriot Act, which was enacted in 2001 to help the government in preventing future terrorist attacks.


UN to recognize peacekeepers service in world's hot spots; five Pakistanis to get posthumous awards -
UNITED NATIONS, May 23 (APP): The United Nations is set to honour at a solemn ceremony next week the sacrifices of more than one hundred peacekeepers, including five Pakistanis, who paid the ultimate price in serving the cause of peace in hot spots around the world last year.


Modest global economic growth set to continue for rest of year: UN report -
UNITED NATIONS, May 23 (APP):  A new United Nations report released Friday says that modest paced global economic growth continues, and predicts a gradual improvement in the situation over the second half of 2015 and into next year.


UN chief strongly condemns terrorist attack on mosque in Saudi Arabia -
UNITED NATIONS, May 22 (APP): UN Secretary-General Ban Ki-moon has condemned "in the strongest terms" Friday's terrorist attack targeting a Shia mosque in the town of al-Qudaih in the Eastern Province of the Kingdom of Saudi Arabia, and  called for bringing the culprits to justice.



Sport News
Aleem Dar, Russell Tiffin umpires of first ODI match
LAHORE, May 25 (APP): International Cricket Council (ICC) Elite panel umpire Aleem Dar and Russell Tiffin will be umpires in first ODI match between Pakistan and Zimbabwe.
 
Each match important to improve ranking: Azhar Ali
LAHORE, May 25 (APP): Pakistan team Captain Azhar Ali has said that every match is important for improving Pakistan’s ranking and will try our best to win all three ODI matches against Zimbabwe.
 
Misbah hopes return of Test cricket in home ground
ISLAMABAD, May 25 (APP): Pakistan captain Misbah-ul-Haq has expressed  his desire to captain his team in a Test match on home soil before his retirement.

 
Army clinch National Netball Championship
ISLAMABAD, May 24 (APP): Pakistan Army beat Army 31-29 in a nail-biting final to clinch the 54th National Men Netball Championship title here at Hamidi Hall, Pakistan Sports Complex on Sunday.

 
Arrangments reviewed at Gaddafi stadium
LAHORE, May 24 (APP): Pakistan Cricket Board (PCB) officials on Sunday reviewed the arrangements at the Gaddafi stadium before beginning of second T-20I.
 
Archive
Latest News
Nisar grieved over Daska incident; seeks report from IGP Punjab - PTIís sole mission to promote and foment unrest in country: Barjees - Shahbaz orders judicial inquiry into Daska incident - Metro to provide modern transport facilities to people: Siddiqui - PTI fails to substantiate rigging charges: Dr Tariq - Detailed performance report of 17 tribunals working with Law ministr...
PM approves Youth Business Loan Scheme, 350,000 to be given loans PDF Print E-mail
ISLAMABAD, Nov 11 (APP): Prime Minister Muhammad Nawaz Sharif on Monday said the government would support talented and unemployed youth of Pakistan to make them self-reliant. Chairing a meeting to review the Prime Minister’s Youth Programme here, he approved the Prime Minister’s Youth Business Loan Scheme under which 350,000 youth would be given loans. Under this scheme, 100,000 loans will be interest-free and 250,000 will be small business loans. The Prime Minister was apprised that the net beneficiaries from the Business Youth Loan Scheme would be about 10 million people hailing from the length and breadth of the country.

He directed to ensure complete transparency and fairness in the process of loan disbursement and further said that “no political and administrative interference will be tolerated in the loan scheme.”
The Prime Minister said he would personally supervise and monitor the loan scheme so that the youth of the country gain maximum benefits from the scheme.
The meeting was also attended by Finance Minister Ishaq Dar, Minister for Information Senator Pervaiz Rashid, Secretary to Prime Minister Javed Aslam, Secretary Finance Dr Waqar Masood Khan, Governor State Bank of Pakistan Yaseen Anwar, President of First Women Bank Ms Charmaine Hidayatullah, Acting President National Bank of Pakistan Asif Hassan, CEO SMEDA Ahmad Nawaz Sukhera and senior officers of the Prime Minister Office.
The small business loans scheme will provide loans to the unemployed youth, especially educated, looking for establishing or extending business enterprises. All Pakistani young men and women aged between 21 and 45 with entrepreneurial potential will be eligible for the scheme with 50 per cent quota reserved for women.
Under the supervision of State Bank of Pakistan, initially the National Bank and First Women Bank will execute the scheme while  other banks may join in after approval of their respective business-plans.
Loans will range from Rs. 0.5 to 2.0 million with average loan size of Rs 1.25 million. The debt-equity ratio for these schemes will be 90:10 with tenure of seven years.
 
China News
News About China

 

Grievance Commissioner Wafaqi Mohtasib
Grievance Commissioner Wafaqi Mohtasib
Budget 2014-2015
Federal Budget
Highlights 2014-2015
Punjab Budget
Sindh Budget
KPK Budget
Balochistan Budget
A.J.K Budget
Gilgit Baltistan Budget
Elections 2013
Elections 2013 News
Code of Conduct
Code of Conduct
Manifestos of Parties
Manifestos of Political Parties
Economic Survey
Economic Survey 2013-2014
Presidential address to the joint sitting of parliament
Presidential address to the joint sitting of parliament
Profiles
Profile of the President
Profile of Prime Minister
Profiles of Chairman and deputy Chairman Senate
Profiles of Speakers and Deputy Speakers
Profile of Governors
Profiles of Chief Ministers
Profiles of Federal Ministers
Portfolios of Federal Ministers
Portfolios of Provincial Ministers
Parlimentary Proceedings
National Assembly
Senate
Latest News