ISLAMABAD, May 28 (APP):Special Assistant to the Prime Minister on Youth Affairs Muhammad Usman Dar held a meeting with representatives of Ministry of Finance, State Bank of Pakistan, National Bank of Pakistan, Bank of Punjab and Bank of Khyber to discuss effective implementation of Prime Minister’s Kamyab Jawan SME Lending Scheme.
It was discussed in the meeting that banks would internalize the scheme for its effective implementation with full ownership, as it offers ideal and most viable lending options for the banks, said a press release.
Banks would, therefore, develop products for extending small and medium loans under broad parameters of the scheme for financing different business ventures.
Moreover, it was agreed that new startup companies in housing, tourism and postal sectors would also be financed under the scheme. It would not only promote entrepreneurship culture, but would also generate employment opportunities in the country.
Muhammad Usman Dar thanked Ministry of Finance, and State Bank of Pakistan for their valuable input in designing Kamyab Jawan SME Lending Scheme for the growth of SME sector in the country.
He requested the banks to implement the scheme in best possible manner to address youth unemployment in the country.