ISLAMABAD, Jun 8 (APP): Prime Minister Youth Business & Agriculture Loan Scheme has disbursed a budgetary allocation of Rs 6,965 million till March 2023 to 15,502 beneficiaries for business and for the first time for agriculture purposes.
According to the Economic Survey 2022-23 released on Thursday, The Prime Minister Youth Business & Agriculture Loan Scheme will promote entrepreneurship among youth by providing business loans on simple terms and with less markup through 15 Commercial, Islamic and SME banks.
This programme offers a special 25 per cent quota reserved for women.
Micro-financing through small business loans will promote a norm of job creation rather than job seeking among the country’s youth bulge. The addition of agricultural loans will help the rural youth in bringing innovation to farming.
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