Initially, the federal government has allocated Rs 5 billion and someloans will be disbursed under this scheme. According to a circular issued by the SBP, small business loans will focus on but will not be restricted to unemployed youth, especially educated youth looking for establishing or extending business enterprises. Tenor of loan will be up to 7 years with six 6 months grace period and it will be disbursed at fixed rate of 8 percent for borrower. Under this loan scheme major focus on women has been stressed and some 50 percent of loans will go to women borrowers.
Prime Minister Nawaz Sharif. With his new financing scheme for the youth, Prime Minister Nawaz Sharif on Saturday unveiled a plan to enable budding entrepreneurs to run their business ventures.
She lauded efforts of the PML-N government to successfully launch six youth welfare programmes despite the financial crunch. Touching upon eligibility criteria for applicants, Maryam said three conditions must be met: She added that 55 project pre-feasibilities have been prepared and are available on the SMEDA website.
At the event, the prime minister assured transparency in the awarding process. He said that Rs billion has been allocated for the programme during the current financial year and thatunemployed young people will receive loans in the first phase through a ballot.
Nawaz denounced the nationalisation policy of the founder of Pakistan Peoples Party and former prime minister ZA Bhutto. The prime minister said his government was mulling over a decision to privatise Pakistan International Airlines PIA and other loss-making institutions.
Details of the Youth Business Loans The scheme is designed to provide subsidised financing at eight percent mark-up per annum forbeneficiaries through National Bank of Pakistan and First Women Bank. The total mark up rate would be 15 per cent but the government would pay the remaining seven percent on behalf of the applicants.
Those falling in the age group of 21 and 45 years are eligible to apply for loans from Rs, to Rs2, Small business loans with a tenure of up to seven years plus one-year grace period and a debt-equity ratio of Youth will have an eight-year payback period with the first year as a grace period for repayment.
Published in The Express Tribune, December 8th, feasibility study marble processing plant. dec smeda has launched pre feasibility studies for all types of youth loan scheme in ashio-midori.comion production.
With his new financing scheme for the youth, Prime Minister Nawaz Sharif on Saturday unveiled a plan to enable budding entrepreneurs to run their business ventures.
The Youth Business Loans. Location. Choosing a location for the sewing centre is a critical part of the success of the centre. Monwabisi Park is divided into four sections (A, B, C, an d M), and all of the Indlovu Project operations.
[alert-success] Prime Minister Small Business Loans Scheme Criteria [/alert-success] Salient Features: Brief Description: Small business Loans will focus on (but will not be restricted to unemployed youth, especially educated youth looking for establishing or extending business enterprises.
SMEDA has been tasked with an advisory role in the implementation of Prime Minister's Youth Business loan Program by providing more than fifty updated pre-feasibilities for referencing by Loan beneficiaries and participating banks to optimally utilize their financial resources.
Small and Medium Enterprises Development Authority - SMEDA, Premier institution of the Government of Pakistan under Ministry of Industries & Production. SMEDA was established in October to take on the challenge of developing Small & Medium Enterprises (SMEs) in Pakistan.