ISLAMABAD: Prime Minister Imran Khan has said that ‘Kamyab Jawan Programme’ is for the youth and the government will facilitate Small and Medium Enterprises (SMEs) to bring improvement in the economy. He said the scheme will prove beneficial for those who are involved in setting up small and medium businesses.
He said this while addressing a cheque distribution ceremony under the ‘Kamyab Jawan Programme’ in Islamabad on Friday.
The prime minister said, “We are giving priority to the people who are indulged in setting up of small and medium sized businesses.”
He said that more than one million people applied for the loan scheme. He said that 1,90,000 women also applied for the loans through the said programme.
The PM said active participation of women in business activities is a good omen for the country. He said it is government’s job to remove obstacles in the way of business.
He added that the government is promoting business in the country and facilitating the masses in this regard.
He mentioned that the people have high hopes from this programme and the loans should be provided on merit and keeping in view the transparency.
The PM said, “A successful society is the one that promotes hard work and merit.” He maintained that only those countries prosper and develop where systems are based on meritocracy.
He remarked, “We will continue to facilitate the people through this programme to make the country’s economy strong.”
Imran Khan said that as per the World Bank, Pakistan’s position strengthened by 28 points due to effective policies and efforts to promote ease of doing business.
He said the country is now heading towards e-governance and more opportunities will be created for the youth of the country in future.
Earlier in October, Prime Minister Imran Khan launched the ‘Kamyab Jawan Programme’ under which young men and women will be provided with loans to set up their businesses and also given a set of educational and skill-development opportunities.
For the purpose, a sum of Rs100 billion has been allocated for the Pakistan Tehreek-e-Insaf (PTI) government’s flagship initiative. Of this amount, Rs25 billion has been set aside for women. Loans of up to Rs100,000 will be interest-free while those ranging between Rs100,000 and Rs500,000 in two other categories will be concessionary ones provided at low interest rates.
The programme is expected to benefit one million young people. The loans will be distributed on a priority basis in 45 underprivileged districts.
There are six initiatives under the Kamyab Jawan Programme: The Youth Entrepreneurship Scheme, Skill for All Programme, Startup Pakistan Programme, Green Youth Movement, Internship Programme, and ‘Jawan Markaz’.
