Govt sets target to disburse loans of Rs50b

ISLAMABAD: The government is aiming to disburse loans of Rs50 billion this year through the Kamyab Jawan Programme to encourage youth entrepreneurship and create jobs in the country.

Minister of State for Information and Broadcasting Farrukh Habib and Special Assistant on Youth Affairs Usman Dar announced this at a news conference in Islamabad on Saturday.

Farrukh Habib informed that the under Kamyab Jawan Programme the incumbent government has disbursed Rs30 billion in loans over the last two years, resulting in the establishment of twenty-two thousand new firms.

He claimed that this resulted in the provision of 50,000 direct employment for youth and tens of thousands of indirect jobs.

According to the Minister of State for Information and Broadcasting, the Kamyab Jawan Programme promotes entrepreneurs in particular.