ISLAMABAD – Over 52 percent of the country’s population, would be directbeneficiary of the Prime Minister’s ‘Kamyab Jawan Prgram’, with 25pc oftotal loans to be given to the young females for establishing their ownsmall businesses.
According to an official of the Ministry of Youth Affairs, this unique andambitious program aimed at providing soft loans to the youth of the countryand creating job opportunities for them with having follow up strategy.
He said that although similar youth support program had also been launchedin the past, but they could not bear fruit due to lack of an effective andcomprehensive strategy while under this program, a number of schemes willbe introduced for success of the program.He said that an amount of Rs 100 billion has been allocated for kamyabjawan program to facilities one million youth across the country.
Online Portal has started on website in which a person can apply for loanof Rs 50,000 upto Rs 50,00,000 on easy returned back policy.The official said that for effective monitoring, online application form isprescribed through Kamyab Jawan Portal. The purpose of the portal is toprovide a centralized platform through which applicants would be able toapply directly to the relevant banks.
He said that the portal will be hosted and controlled by NationalInformation Technology Board, Ministry of IT and Telecommunication. Onlyauthorized stakeholders for specific purposes will have an access to theportal like individuals for the purpose of applying for loans, banks forthe purpose of receiving applications, SMEDA for providing theirhand-holding or guidance support wherever necessary and PM Youth Office forretrieving information for monitoring purpose.
Moreover, external audit of the portal from expert IT auditors will beconducted on annual basis to ensure that online portal is used by theconcerned stakeholders for intended purpose only and unauthorized use ofthe online portal, if any, is identified in a timely manner.
The official said that under this new program, subsidized business loanswill be provided to the potential young entrepreneurs for the promotion ofSME sector in the country.
He said that for the very first time in Pakistan, through the platform ofPM Kamyab Jawan program, the government has created opportunities to openthe doors of socio-economic empowerment of youth.The official said that under the program ‘Skill for All Program’ will beincluded under which, technical and vocational training will be imparted.
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He said that another initiative under the Kamyab Jawan Program will be‘Startup Pakistan Program’ and under this program, potential youngentrepreneurs will be trained and mentored to conceive, incubate, andmature their business plans through access to digital incubation platform.
“I assure you the program is completely transparent and merit-based. Toensure transparency, the entire program is made available on a digitalplatform and a scorecard has been developed on the basis of artificialintelligence to run the program,” Special Assistant to the Prime Ministeron Youth Affairs Usman Dar said while commenting on the program.
He said that the Kamyab Jawan Program has been developed to enable thecountry’s youth to prosper. “I am happy as this program is the first steptowards fulfilling the PTI’s promise for youth’s prosperity”, he told.He said that the program is focused on ensuring employment opportunities tothe youth and providing them proper platforms to excel.
Dar said that under the program, the government will also devise astate-of-the-art digital platform to support the youth.
“We have youth, they are our power but unfortunately we are lacking inskills. An amount of Rs10 billion will be used for improving skills to100,000 young people under the program.”He said that PTI’s government strongly believes in merit and transparencyand would not tolerate any kind of corruption.
