PM urges youth to apply for loans under new scheme

Shehbaz IMF

Prime Minister Shehbaz Sharif has said that under the PM Youth Business & Agriculture Scheme, the young people can apply for a loan up to Rs7.5 million on easy terms conditions while encouraging women, transgender and differently abled people to apply and contribute to national development.

Taking to his Twitter handle, Prime Minister Shehbaz wrote: “I launched PM’s Youth Business & Agriculture Loan Scheme yesterday. This new scheme builds on a number of youth development programs. From PEEF loans to laptop scheme to self-employment scheme, PML-N has demonstrated its commitment to youth empowerment under leadership of MNS.

“Under the current Loan Scheme, the youth can apply for a loan up to Rs75 lac on easy terms & conditions (there is no interest on loan up to Rs5 lac). I strongly encourage our women, transgenders & differently abled people to apply & contribute to national development.”

Prime Minister Shehbaz Sharif announced the “Aasan Qarza Program” (an easy loan program) for the youth on Tuesday. The PM announced that under this program, his government would provide an easy loan of Rs0.5 million to Rs1.5 million.

PM Shehbaz made this announcement during his address to a ceremony of the easy loan program for youth in Islamabad yesterday. Youth will be provided interest-free loans up to Rs0.5 million and from Rs0.5 million to Rs1.5 million at an interest rate of 7 percent, the PM said adding that these loans will be returned in seven years.—INP