Prime Minister’s special assistant Usman Dar said that a successful youth program under the 10 million youth will be 100 billion debt, will be provided on a Rs 10 lakh to loan personal guarantees. The target of the youth program is the SME sector as it is the sector that can provide employment opportunities.
He expressed these views while addressing a function to distribute checks under the Successful Youth Program at the Chamber of Commerce. Chamber of Commerce President Soban Zaheer Butt, newly elected President Waheed-ud-Din Tanda and Pakistan Tehreek-e-Insaf (PTI) leader Mudassar Raza Machhiana were also present.
Special Assistant Usman Dar said that there are three phases of a successful youth program, the first phase is a loan of Rs. 1 lakh to Rs. 1 million with a markup of only 3%, the second phase is Rs. From Rs. 2.5 crore on which the mark-up rate is very reasonable. He said that so far loans of Rs. 5.9 billion have been given to the youth. Under the Successful Youth Program Scheme, no political affiliation is taken into account for the loan. Otherwise, they can easily get a loan.
Special Assistant Usman Dar said that while the government was giving loans for business, it was also focusing on facilitating business. He said that a successful youth counter should be set up in the Gujarat Chamber of Commerce and Industry and the Chamber of Commerce should provide guidance to the loan seekers.
Extracted from City42 News