Disbursement of Loans under Youth Entrepreneurship Scheme to Kick off in December

November 15, 2019: Mr. Muhammad Usman Dar, Special Assistant to the Prime Minister on Youth Affairs; along with Mr. Asad Umer, Chairman National Assembly Standing Committee on Finance, chaired a high-level meeting with the representatives from State Bank of Pakistan, Presidents and senior officials of National Bank of Pakistan, Bank of Punjab, and Bank of Khyber to review the processing of loan applications received under Youth Entrepreneurship Scheme (YES) of Kamyab jawan Programme.

It was agreed in the meeting that the disbursement of loans to the successful applicants under the scheme would start in December 2019 after completing all the required formalities. All the three executing banks of the scheme: National Bank of Pakistan, Bank of Punjab, and Bank of Khyber would strengthen their infrastructure both in terms of human resource and technology to cope with the huge challenge of processing 1 Million applications received so far under the scheme.

Speaking on the occasion, Mr Muhammad Usman Dar reiterated his resolve to strictly follow merit and transparency in the processing and disbursement of loans to the potential entrepreneurs. This would not only create several employment opportunities for youth but would also contribute remarkably to the national economic growth.

Mr Muhammad Usman Dar appreciated the commitment and efforts of State Bank of Pakistan and the three executing banks: National Bank of Pakistan, Bank of Punjab, and Bank of Khyber, in making this scheme a real game-changer for the creation of jobs through the promotion of SME sector in the country.