PM Youth Business Loans Scheme is a significant initiative of the PML-N government :Leila Khan

Lahore: Chairperson Prime Minister’s Youth Programme, Ms Leila Khan chaired six (06) separate meetings with representatives of Askari Bank, United Bank Limited, JS Bank, Dubai Islamic Bank, ABL and MCB on Prime Minister’s Youth Business Loans Scheme.

Speaking at the occasion, Ms Leila Khan highlighted that Prime Minister’s Youth Business Loans Scheme is a significant initiative of the PML=N government for the promotion of entrepreneurship culture in the country.

She welcomed on board the private banks as executing partners of the scheme, and encouraged them to proactively pursue the potential borrowers through their sales teams, so that more and more people could start their own businesses under the scheme.

Askari Bank has started financing under Prime Minister’s Youth Business Loans Scheme through its credit hubs in Islamabad, Rawalpindi, Lahore and Karachi; MCB has initiated this scheme from its 11 designated branches in major cities across country; JS Bank and Dubai Islamic Bank have launched this scheme in 14 branches each all over Pakistan; ABL has rolled out the scheme from 17 branches in major cities; whereas UBL is implementing this scheme through its branches all over Pakistan.

The Chairperson underscored the need for all executing banks of the scheme to enter into agreements with reputed business corporations to facilitate the potential entrepreneurs in establishing new businesses using the platform of Prime Minister’s Youth Business Loans Scheme.

The participating banks of the scheme assured the Chairperson of their strong commitment in executing the scheme in the best possible manner, for productively engaging the youth in socio-economic development of the country.

Previously, HBL, Habib Metropolitan Bank, Bank Al-Habib, Summit Bank, Soneri Bank, Meezan Bank, Albaraka Bank and Sindh Bank are executing this scheme in addition to NBP, and First Women Bank Limited.​