Chairman Prime Minister Youth Programme (PMYP), Rana Mashhood Ahmed Khan has said that the PMYP Loan Scheme is playing key role in country’s economic development through empowering the youth. While presiding over a meeting of the officials from the State Bank of Pakistan at the Prime Minister’s office on Wednesday, he stated that the scheme was creating employment opportunities besides supporting the young entrepreneurs across the country. During the meeting, Prime Minister’s Youth Loan Scheme (PMYLS), its impact on creating employment opportunities, and strategies to enhance its reach came under discussion. Rana Mashhood said, “Empowering youth is key to driving economic development and ensuring a prosperous future for our nation.” “The PMYLS has already made a substantial impact, and with increased support from the State Bank, we can reach even more young individuals and help them realize their entrepreneurial dreams,” he added.

The State Bank officials on the occasion provided insights into the scheme’s current status, sharing data on loan disbursements and success stories. They discussed the measures taken to streamline the application process and address challenges faced by applicants. The Chairman PMYP, requested that the State Bank increase its support for the scheme, highlighting the need for enhanced financial resources and simplified procedures to make the loans more accessible. He proposed several initiatives to broaden the scheme’s reach, including targeted outreach programs, educational campaigns, and mentorship opportunities for aspiring entrepreneurs. The meeting concluded with a strong commitment from both parties to collaborate closely to ensure the success of the PMYP loan scheme. There was a shared optimism about the scheme’s potential to drive economic growth and create a brighter future for Pakistan’s young generation.

Credit: Independent News Pakistan