Toyota, in collaboration with The Bank of Punjab, will provide loans to young businessmen on easy terms for new business.
According to details, loans will be provided to young businessmen for new business between Toyota and The Bank of Punjab. The loans will be provided under the Prime Minister’s Successful Young Pakistan Program. Chairman Toyota Ali Salman Siddique and President The Bank of Punjab was signed by Zafar Masood.
It may be mentioned that the Punjab government has started easy loan scheme. The age limit for obtaining loan has been fixed at 20 to 50 years. The government has provided loans of more than Rs 30 billion to 1.6 million people on easy terms was committed, thanks to which the youth of Punjab will create their own employment opportunities. Skilled youth will be able to start their own businesses, and unemployed people will also be able to benefit under this scheme.
Men, women, eunuchs and special people can apply for loans for small and medium enterprises. Extremely low rate markup which will come back in 2 to 5 years. I will see a significant reduction in the unemployment rate in the province of Punjab, visit rozgar.psic.punjab.gov.pk for more information.
Extracted from City42 News