PM approves Youth Business Loan Scheme

Nov 12, 2013| Courtesy by :

ISLAMABAD – Prime Minister 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 in Islamabad, he approved the Prime Minister’s Youth Business Loan Scheme under which 350,000 youth would be given loans. The prime minister was apprised that the net beneficiaries from the Business Youth Loan Scheme would be about 10 million people throughout 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.”he 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.
Apna Ghar housing scheme
also okayed
PM also approved the establishment of a company under the supervision of the Ministry of Housing and Works to initiate a govt housing scheme for the low-income strata of society. The scheme would be called “Apna Ghar” scheme. The Prime Minister made these directions while presiding over a high-level meeting on low-income housing scheme at the Prime Minister House. The PM said that the objective of this scheme is to provide housing units to low-income sections of society at low-cost and easy installments. He further directed that a separate package should be initiated under the rubric of the “Apna Ghar” housing scheme for the needy, widows etc. and that such people be separately given financial assistance to pay the installments.
The Prime Minister resolved that a respectable living on the models of Turkey and China would be made available to the citizens of the country.
The Prime Minister directed the Ministry of Housing and Works to chalk out all the details and other criteria of the project by the end of this month.
It was also decided in the meeting to make an Advisory Board to look after the affairs of the housing scheme.
The Prime Minister was apprised during the meeting that provinces have been written for the site selection and allocation of land for the project.
Minister for Finance Muhammad Ishaq Dar, Minister for Information Senator Pervaiz Rashid, Minister of State for Housing and Works Usman Ibrahim and other senior government officials also attended the meeting.