ISLAMABAD, Dec 5 (APP): JS Bank will offer subsidized loans at 6% mark-up rate to potential cab drivers for buying cars to run their cab service business under Prime Minister’s Youth Business Loan Scheme, in collaboration with CAREEM, an online cab booking service.
According to a press release, issued here Monday, Chairperson Prime Minister’s Youth Programme Leila Khan Monday chaired a meeting on Prime Minister’s Youth Business Loan Scheme here at Prime Minister’s Office with a delegation from JS Bank led by its President and CEO, Khalid Imran.
During meeting, JS Bank apprised the Chairperson of their commitment to offer a financing facility. The cabs under this scheme will be properly
insured, and fitted with tracker facility.
JS Bank, one of the leading SME financing banks with around Rs 11 Billion SME portfolio, is processing loan applications under this scheme initially through its 15 hub branches in 10 major cities across the country.
Leila Khan, Chairperson Prime Minister’s Youth Programme appreciated the efforts of JS Bank in developing a viable banking product for creating more business and employment opportunities for youth, using the platform of Prime Minister’s Youth Business Loan Scheme.