ISLAMABAD: The government has changed the name of “Prime Minister’s KamyabJawan SME Lending Program” with “Prime Minister’s Kamyab Jawan YouthEntrepreneurship Scheme (YES), it was learnt reliably.
Prime Minister’s Office in consultation with State Bank of Pakistan (SBP),National Bank of Pakistan (NBP), Bank of Punjab (BoP) and Bank of Khyber(BoK) and Small and Medium Enterprises Development Authority (SMEDA) hasproposed changes in TORs of Prime Minister’s Kamayab Jawan SME LendingProgram.
For effective monitoring, YES online application form is prescribed throughKamyab Jawan portal. According to documents, the purpose of the portal isto provide a centralized platform through which applicants would be able toapply directly to the relevant banks.
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Sources close to the matter told Pakistan Today that the total amount to bespent on this lending scheme will be Rs 200 billion while approximately138,000 applicants will benefit from the five-year scheme. Furthermore, YESwill help in fulfilling the PM’s target of employing 2 million people,which was approved by the PM through National Financial Inclusion Strategy.
