The United Arab Emirates (UAE) government has announced to provide $200 million financial assistance to Prime Minister’s Kamyab Jawan programme for youth development. UAE ambassador made the announcement while meeting PM’s Special Assistant to on Youth Affairs Usman Dar today. The financial assistance had been promised by the Crown Prince of the Emirate of Abu Dhabi during his recent visit to Pakistan.
Prime Minister Imran Khan distributed on Friday cheques among successful applicants under his government’s flagship initiative, ‘Kamyab Jawan’ programme. According to PM, the major aspects of the programme were transparency and merit. People are optimistic about this initiative and around 190,000 women applied for the loan under this scheme. A sum of Rs100 billion has been allocated for it out of which Rs25 billion have been set aside for women.
After the success of Sehat Insaf Card, the Pakistan Tehreek-e-Insaf government now plans on introducing Kamyab Jawan Youth Card to facilitate the youth further. NADRA and SBP will be jointly working on a feasible strategy for rolling out the cards. The project will be revolutionary as it will be offering a number of discounts and incentives to the youth.
Prime Minister Imran Khan launched on Thursday the ‘Kamyab Jawan’ programme – Pakistan Tehreek-e-Insaf (PTI) government’s initiative for the welfare and progress of the country’s youth. During the inauguration ceremony in Islamabad he announced Rs.100 billion loan being embarked as a part of this programme. Later, he promised the youth that all loans will be disbursed purely on merit.
The State Bank of Pakistan (SBP) has launched the “Prime Minister’s Kamyab Jawan SME Lending Programme,” worth Rs100 billion for startups and small and medium-sized enterprises (SMEs). Citizens aged between 18 and 45 years may avail financing of up to Rs5 million each at a borrowing cost varying between 6% and 8% for a maximum period of eight years.