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MICRO INTEREST FREE LOANS
The first programme is Micro Interest Free Loans, which will be focused on those segments of society who are financially weak. 3 billion rupees have been allocated for this scheme. 250 thousand people will benefit from this scheme. These loans would be interest free.
SMALL BUSINESS LOANS
The second scheme is Small Business Loans Scheme. This scheme is for those educated youngsters, who wish to start their own business. 50 per cent of these loans will be provided to women. These loans ranging from 500 thousand to 2 million rupees, will be given with a discounted interest rate of 8 percent. The rest will be paid by the government. Initially these loans will be provided through the National Bank of Pakistan and First Women Bank. Five billion rupees have been allocated for this scheme.
Under this programme, young educated people having acquired 16 years of education from recognized institutions will be provided on-the-job- training, so that they could get job opportunities in the country or abroad. During the training a monthly stippned of rupees 10 thousand will be given to the worker for a training period of 6 months. 4 billion rupees have been allocated for the purpose and 50 thousand graduates will benefit from the scheme.
YOUTH SKILL DEVELOPMENT SCHEME
The youth skill development scheme is aimed at providing vocational training to such youngsters who are jobless. Boys and girls up to 25 years of age will be able to benefit from the scheme, who have gained middle level education (8th Grade). These youngsters will be given a monthly stippned worth 3-5 thousand rupees, for a period of 6 months. The government will bear their fee. 800 million rupees have been allocated for this programme.
FEE PAYMENT FOR BACKWARD AREAS STUDENTS
The fifth scheme is for (male & female) students who come from far flung areas of the country, and want to acquire higher education. Any talented student should not be deprived of educational opportunities, only because his or her parents cannot afford the academic expenses. Government will bear the fee for youngsters aiming for a post graduate programme for MA, MSc or higher level. 1.2 billion rupees have been allocated for this scheme and 30 thousand students will benefit from this initiative.
YOUTH LAPTOP SCHEME
The government of Punjab had initiated a laptop scheme for the purpose. The federal government has decided to launch this scheme nationwide. 100 thousand students will be provided laptops in accordance with the programme. An amount of 4 billion rupees has been allocated for the PM Laptop scheme.
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ISLAMABAD: Prime Minister Nawaz Sharif Saturday announced the launch of six schemes including easy business loans, laptops, education and training on modern lines with an aim to enable the youth of the country to stand on their feet besides helping to strengthen the economy.
In his second address to the nation, attired in traditional Shalwar Qameez and Waistcoat, Nawaz Sharif said that the government was going to materialize its program envisaged in the ruling Pakistan Muslim League-Nawaz manifesto.
He said the micro-interest free loan scheme is targeted at disadvantaged sections of the society and will benefit two hundred and fifty thousand people. An allocation of 3.5 billion rupees has been made during the current financial year.
The Small Business Loan Scheme has been designed for unemployed‚ especially educated youth to enable them to start their own businesses. Under the scheme loans ranging from five hundred thousand to two million rupees would be advanced to youth at concessionary mark up rate of eight percent and the remaining burden of the mark up would be borne by the government. Fifty percent loans would be given to women and initially these loans would be advanced by National Bank of Pakistan and First Women Bank. Five billion rupees have been allocated for the scheme.
The prime minister said under Youth Training Scheme those completing sixteen year degree education from recognized institutions would be given practical training to help them secure jobs at home or abroad.
For this on the job training, ten thousand rupees scholarship per month would be given for one year and fifty thousand graduates would benefit from the scheme. Four billion rupees have been earmarked for this scheme.
The Youth Skilled Development Scheme is being launched for boys and girls who have passed 8th class. They will be given six months training in different trades along with scholarship of five thousand rupees a month. The government has earmarked eight hundred million rupees for the scheme.
Sharif also announced a scheme for sponsoring tuition fee of students belonging to backward areas so that brilliant students are not deprived of their right to education due to financial constraints. The government would pay at an average forty thousand rupees annual fee on behalf of each of the thirty thousand students for MA‚ M.Sc and higher level education. This scheme is being launched at a cost of 1.2 billion rupees.
The prime minister said four billion rupees have been earmarked for Prime Minister's scheme for Provision of Laptops. Under the scheme one hundred thousand students would be provided laptops this year by the federal government.
He said the federal cabinet has already approved basic structure of these schemes and arrangements have also been completed for their implementation. He however invited suggestions from people to make these schemes more transparent and hundred percent merit based.
Details of these schemes would be available on the website www.pmo.gov.pk from Monday and people can give their comments on the website. Suggestions can also be sent in writing to the Prime Minister's office.
Prime Ministry Youth Program 2013-2014 Application Forms, Test, Result
how can we apply????
Kya laptops private schools k students ko milen gy
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Keep it up M.Tariq Malik bro
Liked by me
Thanxxx M.Tariq Malik bro for this sharing
wt is the merit for laptops???
plz tell me that i have got 68% marks in graduation what procedur will be to get a laptop
in last semester or last degree passed?