Times of Islamabad

Youth loan scheme: Punjab government takes unprecedented step

Youth loan scheme: Punjab government takes unprecedented step

LAHORE – Punjab government is going to start a business loan scheme foryouth programme and a youth can obtain loan up to rupees three millionunder this scheme.

This was stated by the Spokesman of Punjab government in an interview withRadio Pakistan Sargodha representative today.

The Spokesman told that a male candidate would invest thirty percent of thetotal amount required for initiating business whereas the rest of theseventy percent would be provided by the Punjab government.

The Spokesman told that a female aspirant would invest twenty percent ofthe total amount whereas the rest of the eighty percent would be providedby the Punjab government.

The Spokesman told that they would be exempted from paying any installmentstill twelve months and the loanee would have to return borrowed amount infive years.