ISLAMABAD -- Special Adviser to the Prime Minister on Youth Affairs Usman Dar Tuesday said that as many as 259,767 online loan applications had been received under the 'Kamyab Jawan Programme' so far.
Addressing a press conference, he said that the government had successfully managed the cyber-attack of Indians on "Kamyab Jawan Programme" digital portal, which showed the success of the initiative.
He said that a large number of youth had appreciated this step of the government as daily over 50,000 applications were being received. He said that loan would be given to the youth only on merit without any political affiliation.
He said that all Pakistanis including government employees of age from 21 years to 45 years could apply for loan.
He said that 25 percent of total loans would be given to the young females for establishing their own small businesses.
He said that all applications would be submitted online and SMS would be delivered on given numbers with confirmation details for assigning all selected bank branches, he added.
He said that this unique and ambitious program aimed at providing soft loans to the youth of the country and creating job opportunities for them with having follow up strategy.
He said that although similar youth support program had also been launched in the past, but they could not bear fruit due to lack of an effective and comprehensive strategy while under this program, a number of schemes would be introduced for success of the program.
He said that an amount of Rs 100 billion had been allocated for "Kamyab Jawan Program" to facilities one million of youth across the country. Online Portal had started on website in which a person can apply for loan of Rs 50,000 up to Rs 50,00,000 on easy returned back policy.
He said that for effective monitoring, online application form was prescribed through Kamyab Jawan Portal. The purpose of the portal is to provide a centralized platform through which applicants would be able to apply directly to the relevant banks.
He said that the portal would be hosted and controlled by National Information Technology Board, Ministry of IT and Telecommunication.