552 female entrepreneurs received more than Rs 260 million under PM’s Youth Entrepreneurship Scheme of Kamyab Jawan Programme

More than Rs 260 million have been distributed among 522 female entrepreneurs under Youth Entrepreneurship Scheme of Prime Minister Imran Khan’s Kamyab Jawan Programme.

According to government sources, around 2,190 qualified individuals, both males and females, have benefitted from loans amounting to Rs one billion provided under Kamyab Jawan Programme.

Of the total financial disbursement, around 70 per cent of the loans grants have been awarded to 1,638 male amounting to Rs 690 million.

Meanwhile the rest 30 percent amounting to  Rs 260 million have been distributed among 522 female entrepreneurs.

In addition to it, several banks have approved loans worth up to a total of Rs 3 billion to 7,592 businesses so far, of which 5,402 recipient are still under evaluation.

The Youth Entrepreneurship Scheme (YES) has been launched under PM’s Kamyab Jawan Programme and aims to create 10 million jobs by providing loans to country’s youth under affordable and feasible conditions.

The programme has been developed in collaboration with three main departments, namely Pakistan Poverty Alleviation Fund (PPAF) which will look after the asset transfer program and the interest free loan program and State Bank of Pakistan (SBP).

Three three major banks, (National Bank of Pakistan, Bank of Punjab and Bank of Khyber) and Small and Medium Enterprise Authority (SMEDA), are responsible for providing subsidized loan to the youth, along with giving them the basic aptitude to run a successful business.