Rs eight bln disbursed under PM’s Youth Business Loan Scheme

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ISLAMABAD, May 15 (APP): The government has disbursed 8,261 business loans worth Rs 8 billion amongst potential entrepreneurs across the country under PM’s Youth Business Loan (PMYBL) Scheme in last two and half years, said official sources.

As many as 64,114 applications have been received for interest-free loans under PMYBL scheme in last two and half years. Out of which 8,261 have received loans, 16,423 applications have so far been sanctioned for onward disbursement of loans.

According to breakup, 161 business loans worth Rs 157.85 million were disbursed amongst the potential entrepreneurs of Azad Jammu and Kashmir (AJK) in the last two and half years.