Details of Inauguration Ceremony of PM Youth Business Loan

Here are the details of Inauguration ceremony of PM Youth Business Loan. The ceremony started with the Tilawat and ended with slogans. All the major political persons of Pakistan Muslim League Nawaz were present there. The ceremony was held at PM Secretariat, Islamabad.

business loan ceremony

Maryam Nawaz spoke at the ceremony as Chairperson PM Youth Business Loan inauguration scheme. 100 Billion rupees have been allocated in this budget 2013-14 and this amount will be given to the youth in the next seven months.

There are following requirements for the issuance of loan:

  1. Pakistani
  2. Valid CNIC
  3. A guarantor

Banks will require the following:

  1. Application Form
  2. Business Plan

Balloting will be done through a system. Every month, about 17 thousand applicants will be given loans. In this way, about 1 lakh people will be given loan in next seven months.

Please note that first balloting will be done in January 2014.

Youth Ambassador of Pakistan is Nadeem Abbas. He sang few patriotic songs there. Milli Naghmas were also presented to entertain the attendees of the function.

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