Islamabad (Web Desk): Prime Minister Shehbaz Sharif on Thursday distributed cheques among the youth under PM Youth Loan Scheme.
Addressing a ceremony for cheque distribution among the beneficiaries of the scheme, the premier said that the government will make all out efforts to provide resources to youth for generating employment opportunities.
"If provided ample opportunities, Pakistan’s youths will take the country to new heights," PM Shehbaz said
He said the loan scheme was the continuation of the PM Youth Loan scheme launched in 2013 by the then premier Nawaz Sharif and billions of rupees were disbursed among the entitled youth.
The prime minister recalled that CM Youth Loan Scheme was also launched in Punjab and 75,000 youths were also given vehicles on loan.
He said the recovery ratio of the youth loan scheme was around 99% which manifested the honesty of the country’s youngsters.
PM Shehbaz said that the 99% recovery ratio of the youth and Kissan loan schemes falsified the misconception about the risks involved in the individual loans by the banks.
He said Pakistani youths never got their loans waived off – a problem that inflicted huge losses to the national economy.
The prime minister congratulated the beneficiaries of the loan scheme and appreciated the services of SAMP Shiza Fatima Khawaja, banks and other partners for their efforts to make this program a success.
"Considering their immense potential, the government would never disappoint the youth and would scrape the maximum resources to extend them loan facilities," PM Shehbaz said.
The prime minister also announced that the federal government would distribute 100,000 laptops among top achiever youths across the country, purely on merit.
He said those who used to criticize the laptop scheme in the past should have witnessed that the very laptops helped the youth to earn sustenance, particularly during the COVID pandemic.
