ISLAMABAD, Feb 11 (APP):Under government’s flagship Kamyab Jawan project, distribution of loan cheques will formally commence on Wednesday for successful applicants of Youth Entrepreneurship Scheme (YES).
The scheme is focused on youth of Punjab for enabling them to carry out business
ventures and initiatives.
“It will formally launch the ‘YES’ in Punjab with the distribution of soft loans among the
programme’s qualifiers from Sialkot,” an official source in the Prime Minister Youth Affairs
Programme told APP on Tuesday.
The ‘YES’ had already been launched in Sindh and Islamabad and the youth from other
provinces would also be given the concessionary loans under the project shortly, he
added.
The YES was launched under the banner of Kamyab Jawan Programme in October last
year under which Rs 100 billion had been allocated for the youth and loans ranging from
Rs1,00,000 to Rs 5 million would be disbursed among persons coming up with practical
business ideas.
He said some 1.3 million youth had applied for the loan scheme, and out of which
some 300,000 applications were not processed for above the age limit, set for the
applicant under the ‘YES’.
Out of total 0.94 million applicants, he said 833,422 were male, 160,506 female and
175 others.