PM Youth Small Business Loan Scheme Announced for University of the Punjab

All the students of University of Punjab are urged and invited to apply for loans under Prime Minister’s Youth Loan Scheme. Beneficial step for those students who want to start their own business on small scale. The main focusing areas of this loan scheme will be the educated people of Pakistan.

Student-loan-scheme-announced-by-PM

 

Apply Online Now

(Link Will Update soon)

It is a good opportunity and the interested students should apply for this loan. There will be needed to submit a small description of proposed business plans/projects to their heads of departments in next 24 hours for all those students who want to apply. The applicants must have 10% of seed money with them on requested loan amount. Top 50 students will be selected by the university and they will be invited in PM House Islamabad, on 25th November, 2013.

VC-Pu-on-Pm-Youth-Schemes

Salient Features of the scheme are:

Loan up to Rs. 2 Million (Rs. 0.5 Million – Rs. 2 Million)
Only 8% markup
To be distributed by NBP (National Bank of Pakistan) & FWB (First Women Bank)
Total loans are 1 lakh
All Pakistani nationals
Eligibility – 21 years to 40 years
Minimum educational qualification is Middle
Students need to submit feasibility of the proposed project
One personal guarantee required
The applicant must have 10% seed money
15 days approval time
The loans will be awarded transparently on pure merit basis
50% quota is for women
The loans are to be paid back in seven years
Monthly installments
To mitigate risk, Government will share 50% of the losses subject to the maximum of 10% of the loan amount

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One Response to “PM Youth Small Business Loan Scheme Announced for University of the Punjab”

  1. imadalikhan says:

    AOA, Respceted sir
    i am highly thankful to you that you announced all these scheme sir i m highly needy to get this job because i belong to lower class family and there is lot of responsibilties in my shoulders and i’m jobless. i will be highly greatfull of your this kindness.

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