Skip to main content

Over Rs260mn disbursed among 552 female entrepreneurs under YES

Kamyab Jawan Programme Yes

ISLAMABAD: The government has so far disbursed soft loans amounting to over Rs 260 million among 552 female entrepreneurs under the Youth Entrepreneurship Scheme (YES) of Prime Minister’s Kamyab Jawan Programme.

“It constitutes 30 per cent of the total disbursed loans which are amounting to one billion rupees. So far 2,190 qualified male and female entrepreneurs have received concessionary loans under the Kamyab Jawan Programme,” state-owned wire service reported, quoting a document.

Read More: SBP raises loan limit for women entrepreneurs under refinance scheme

Out of total disbursed loans, around 70 per cent of the soft loans went to 1,638 male candidates, who were given over Rs 690 million. The ‘YES’ was launched under the banner of Kamyab Jawan Programme in October last year with the seed allocation of Rs100 billion.

Special Assistant to PM on Youth Affairs Usman said in an interview that banks have so far approved two tier financing of Rs 3 billion for 7,592 eligible businesses. Out of the total approved loans, evaluation of 5,402 businesses is still underway, he added.

Read More: PM Imran enhances Kamyab Jawan Program’s loan limit

He said the Bank of Khyber (BoK), the Bank of Punjab (BoP) and the National Bank of Pakistan (NBP), which deal with the Youth Entrepreneurship Scheme, sanctioned Rs4 billion soft loans for 28,859 SMEs after scrutinising total 58,031, selected for carrying out the businesses’ analysis.

Out of 28,859 SMEs, he added, 14,664 had been rejected by the banks, whereas 6,489 were under processes.

The post Over Rs260mn disbursed among 552 female entrepreneurs under YES appeared first on ARY NEWS.

Comments

Popular posts from this blog

K-Electric fined Rs2 mn over weak power supply system

ISLAMABAD: The National Electric Power Regulatory Authority (Nepra) on Wednesday imposed a fine of Rs2 million on the K-Electric. According to a statement issued by the power regulatory authority, the K-Electric was penalized over non-compliance of performance standards, particularly its failure to restore power supply within the prescribed time frame and to ensure the safety of public in Karachi. Quoting media reports, it said large swathes of Karachi remained without electricity due to the tripping of almost 700 feeders during rainy weather in June last year, which resulted in long power blackouts ranging from 24 hours to 48 hours in almost 50% areas of Karachi. Further, there were also reports of fatal injuries to some people owing to electrocution. The Nepra took notice of the situation in Karachi and directed the K-Electric to immediately provide a detailed report on the tripping of feeders and electrocution incidents along with preventive and corrective steps taken by K-Elec...

10 creepy celebrity wax statues

Waxworks of celebrities, sports persons and politicians such as Tom Cruise, Barack Obama and Christiano Ronaldo are admired by people all over the world. The craft requires taking careful and accurate measurements to create these wax statues, which are then polished and perfected to make for an exact replica. Madame Tussaud’s is one of the most famous museums in the world that displays wax statues, however, not all wax museums in the world craft flawless statues. Compiled from Cosmopolitan India , here is a list of the creepiest celebrity wax statues. Barack Obama PHOTO: COSMOPOLITAN David and Victoria Beckham PHOTO: COSMOPOLITAN Jennifer Aniston PHOTO: COSMOPOLITAN Beyonce’s wax statue sparks outrage Jennifer Lopez PHOTO: COSMOPOLITAN Justin Bieber PHOTO: COSMOPOLITAN Justin Timberlake PHOTO: COSMOPOLITAN Aamir Khan PHOTO: COSMOPOLITAN Katrina Kaif PHOTO: COSMOPOLITAN London’s Tussauds gets to work on Trump wax figure Selena Gomez PHOTO: C...

Accountability court hears assets case against Ishaq Dar

ISLAMABAD: An accountability court in Islamabad on Wednesday resumed the hearing of a reference filed against former finance minister Ishaq Dar by the National Accountability Bureau (NAB) for allegedly accumulating assets beyond his known sources of income.  Judge Muhammad Bashir is recording the statement of a prosecution witness, Ishtiaq Ahmed. At the previous hearing, the accountability judge had reserved his verdict on an application filed by two co-accused seeking acquittal in the case. Naeem Mehmood and Mansoor Rizvi, who are directors of Dar’s companies, had filed the application requesting the judge to exonerate them from all charges for want of evidence. Qazi Misbah, the counsel for the two co-accused, contended the prosecution has failed to provide compelling evidence to prove the allegations leveled against his clients. The third co-accused President National Bank of Pakistan (NBP), Saeed Ahmed, had already filed an application before the court for his acquittal wh...