Government approves ‘Kamyab Jawan Progam’, Firdous Ashiq Awan
ISLAMABAD: Federal Cabinet with Prime Minister Imran Khan in the chair approved ‘Kamyab Jawan program’ to empower the youth economically.
Prime Minister’s Special Assistant on Information and Broadcasting Dr. Firdous Ashiq Awan said that the program would secure a loan ranging between Rs100, 000 and Rs5 millions for youth.
She explained that the program has divided into two categories.
First category banks would be providing loans up to Rs500, 000 at 6% mark up with lending equity of 10% of the amount applied.
The second category, an applicant could get a loan up to Rs5 million at a markup of 8% and an equity ratio of 20%.
She said 25% of the loans would be granted to women under the scheme.
Ashiq Awan told that Minister for Federal Education and Professional Training gave a detailed and comprehensive briefing on new education policy during the cabinet meeting.
She said the policy will be developed as per the mandate of the federal government and necessary assistance and facilitation will be provided to provinces for its implementation.
Dr. Awan said the cabinet also pondered over the rupee depreciation and its impact on inflation. The cabinet was informed that Prime Minister’s Advisor on Finance Dr. Abdul Hafeez Shaikh will unveil a long term economic plan on Saturday.
She said the cabinet also approved the decisions taken during the last meeting of the Economic Coordination Committee.