Chairman Rana Mashhood Ahmed Khan leads PMYP loan scheme enhancement

The Prime Minister Youth Program (PMYP) and the State Bank of Pakistan (SBP recently discussed plans to enhance the loan scheme for youth businesses in Pakistan. The meeting, led by Chairman Rana Mashhood Ahmed Khan, focused on strengthening Tier 1 of the Prime Minister Youth Business Loan Scheme to better support young entrepreneurs in the country.

The flagship initiative offers loans ranging from 0.5 million to 7.5 million rupees to empower youth in pursuing their business goals. The government expressed a strong commitment to facilitating easy access to loans for the youth, aiming to foster success stories and promote economic growth and innovation.

The proposed expansion of the program seeks to create a more favorable environment for youth entrepreneurship, ultimately driving socio-economic development and harnessing the full potential of Pakistan's young population. By leveraging the expertise of various stakeholders, this initiative aims to stimulate job creation and innovation across different sectors.