Development

Rs36.82 Billion Disbursed; 775,086 Benefited Under Prime Minister’s Youth Programme

ISLAMABAD, Jan 11 (APP): A sum of Rs36.82 billion has so far been disbursed among country’s 775,086 under various Prime Minister’s (PMYP), headed by MNA Leila Khan.

According to the data available with APP, as many as 20,499 youths have been given a total of Rs20.52 billion loan under Prime Minister’s Business Loan Scheme and the recovery ratio of the programme has remained 91 percent.
Likewise, Rs9.5 billion has so far been paid to 401,120 individuals including 64 percent female borrowers, out of which over 60,000 borrowers are also the beneficiaries of Benazir Income Support Programme. The scheme has excellent 99 percent recovery ratio.

Similarly, a total of 100,000 youth are imparted various skill training under Prime Minister’s Skill Programme during 2014-17. The fee of 199,559 youth has been paid a sum of Rs6.8 billion under Prime Minister’s Fee Reimbursement Scheme during 2013-17. As per details of Prime Minister’s Youth Laptop Scheme beneficiaries, a total of 300,000 youth have been given laptop computers during 2014-17. As many as 95,028 interns have been placed under Phase-I and Phase-II under PM’s Youth Scheme.

It is pertinent to mention here that the PMYP, launched in 2013, has left an indelible impression on the socio-economic landscape of the country ranging from poverty alleviation to entrepreneurship development and from skill development to internship opportunities for the talented youth.

It has a broad canvas of schemes, aimed at enabling youth and poor segment of society to get good employment opportunities, secure economic empowerment, acquire skills needed for gainful employment, have access to higher education and IT tools, access to on the job training/internship for young graduates to improve the probability of getting a productive job.

It is running six different schemes namely PM’s Youth Business Loans Scheme, PM’s Interest-Free Loan Scheme, PM’s Youth Skill Development Programme, PM’s Laptop Scheme, PM’s Fee Reimbursement Scheme and PM’s Youth Training Scheme.

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