Pakistan News : PM Nawaz Sharif announced the six educational schemes for the youth empowerment in Pakistan on Saturday, E Pakistan News Reported.
Prime Minister Sharif said his government has allocated Rs20 billion for youth-specific schemes in line with his party’s manifesto and election promises.
The premier said the federal cabinet has already approved these schemes, which include 1) Miro-Interest Free Loans 2) Small Business Loans 3) Youth Training Scheme, 4) Youth Skill Development Scheme, 5) Scheme for Backward Areas and 6) Prime Minister Scheme for Provision of Laptops.
Under the first Micro Interest-free Loans, the government has allocated Rs350 billion to provide interest-free loans to deserving and poor youth. PM Sharif said that 250, 000 young people would benefit from this project.
In addition, skilled youth would be granted loans from Rs500, 000 to Rs2, 000, 000 to start his/her own business. Under this scheme only 8% markup would be charged on laons. Women would also be eligible to obtain loans.
Youth Training Program, Youth Skill Development Scheme, Stipend for poor students of backward areas and Prime Minister Scheme for Provision of Laptops would be also launched for youth.