Interest free loans to youth: Government initiates a new programme

Interest free loans to youth: Government initiates a new programme

PESHAWAR - A high level meeting co-chaired by senior Minister Tourism and Youth Affairs Atif Khan and Minister Finance Taimur Saleem Jhagra here Tuesday has decided to initiate start-up program aimed at providing interest free loan to youth of the province for establishing their own business. Secretary Finance Shakeel Qadir, Secretary Tourism Shahid Zaman and officials from Bank of Khyber attended the meeting.

Under the initiative, interest free loan will be provided to those students who have graduated from university and come up with innovative business ideas. The loan package ranges from Rs.5 lakhs to Rs.3 million for establishment of new business and for strengthening of the existing business.

Special persons, women and entrepreneur associated with tourism sector would also be awarded loan. In addition to this, micro- financing program has also been launched for the youth without education. Under micro finance program, Rs4 lakhs will be given to help them stand on their own feet.

On the occasion senior minister Atif khan said providing employment opportunities and extending support to youth was top priority of Pakistan Tehreek-e-Insaf. The minister said youth constitute major part of our population and steps were needed to make their future safe for progress of the country.

Minister Finance Taimur Saleem Jhagra said to ensure transparency, start-up program would be launched on the model of KP Youth Impact Challenge in which experts would recommend award of loan to youth.