Lahore—Technical Education and Vocational Training Authority (TEVTA) has given Rs. 123 million interest free loan to 2100 TEVTA pass outs through Akhuwat. Chairperson TEVTA Irfan Qaiser Sheikh said this while addressing a meeting here at TEVTA Secretariat to review the progress of loan scheme.
Chief Operating Officer Jawad Ahmed Qureshi, TEVTA Officers Akhtar Abbas Bharwana, Mirza Umer Farooq, Mustafa Kamal Pasha, Maqsood Ahmed, Ayesha Qazi, Sarfraz Ahmed and others were also present at this occasion.
Irfan said the scheme has been started on the directions of Chief Minister Punjab Muhammad Shahbaz Sharif to help the poor TEVTA pass-outs to enable them to establish their own business or expand their existing business.
Irfan Qaiser Sheikh said that 4400 TEVTA pass-outs applied to get financial assistance upto February 2016. The cases of more than 1400 pass-outs are in process while 200 cases are ready for disbursement after observing the laid down criteria.
Chairperson TEVTA further said that loan amount ranges from Rs. 10,000 to 100,000 are being given to each candidate. The said loan will provide them self-employment opportunities also. The main focus of TEVTA is to provide financial help to those pass outs who intend to start their own business.