ISLAMABAD: Prime Minister Imran Khan on Tuesday agreed to launch the second phase of the Kamyab Jawan Program, which aims to provide more opportunities for young people across the country, ARY News reported.
As per the details, the Prime Minister’s Special Assistant for Youth Affairs, Usman Dar, asked PM Imran Khan to discuss matters relating to the Kamyab Jawan Program.
During the meeting, PM Imran directed Usman Dar to immediately launch the second phase of the Kamyab Jawan Program. The federal government also issued Rs25 billion for phase 2 of the program.
The government has also increased the number of loans for phase 2 from Rs5 million to 20.5 million. Bank Negara Pakistan (SBP) has issued circulars for all banks in this matter.
In addition, the federal government has reduced the price increase for the second phase from 6 percent to 3%.
In the opportunity, Usman Dar said that young people under this program can now get a loan of Rs25 million for business purposes. He said the decision was taken given the economic challenges due to coronavirus.
“Despite tremendous economic constraints, the government allocated Rs100 billion for young people in the country, the prime minister also increased the loan quota from Rs5 million to Rs25 million,” Dar said.
“The government has brought the highest value into the country’s history along with allocating Rs30 billion for skills-based education.”
Previously, Planning Minister Asad Umar said that Phase-II of the PM Kamyab Jawan Program in collaboration with the Ministry of Industry would provide loans for the establishment of the Utility Shop franchise.
It is important to mention here that the Kamyab Jawan Program was launched by Prime Minister Imran Khan last year in November.