Govt sets Rs50b target for loans under KJP this year

January 16, 2022 (MLN): Government has set the target of disbursing loans worth Rs50 billion under the Kamyab Jawan Program (KJP) this year to promote entrepreneurship amongst youth and create job opportunities in the country, as reported by Radio Pakistan.

This was stated by Minister of State for Information and Broadcasting Farrukh Habib and Special Assistant on Youth Affairs Usman Dar at a news conference in Islamabad on Saturday.

Farrukh Habib pointed out that loans of Rs30bn were disbursed under Kamyab Jawan Program over the last two years under which twenty-two thousand new businesses were opened. This, he said, provided fifty thousand direct jobs to the youth and indirectly led to the creation of thousands of other jobs.

The Minister of State for Information and Broadcasting said startups are especially being promoted under Kamyab Jawan Program. He said a proposal will be floated in the cabinet for approval under which no guarantee will be sought from those acquiring loans up to Rs2 million.

Farrukh Habib said under an Rs10bn Skill for All Program, hi-tech certification is being provided to the youth in areas such as artificial intelligence, cloud computing, graphic designing, and so on.

He stated under this program, scholarships have been awarded to one hundred thousand youth whilst another sixty-one thousand will be provided on the 31st of this month.

“The government is targeting to enhance its IT exports to three billion dollars during the current fiscal year and this skill development program will help strengthen our IT exports,” he added.

In his remarks, Usman Dar said 2022 has been declared as the year of youth and different activities will be arranged during this year to promote the soft image of Pakistan.  He said, “We are also considering launching a sports scholarship program for the youth.”

Usman Dar highlighted that the loans under KJP are being provided in the most transparent manner.

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