Prime Minister Muhammad Nawaz Sharif Saturday said that the youth of Pakistan were showing great interest in Business Loan Scheme as was evident from millions of downloads of pre-feasibilities studies and forms available on the Small and Medium Enterprises Development Authority (SMEDA) website. He said this while chairing a meeting to review the Prime Ministerís Youth Business Loan Scheme here at the National Bank of Pakistanís Headquarter. The meeting was also attended by Governor Sindh Dr. Eshrat -ul- Ebad Khan , Federal Information Minister Senator Parvez Rashid , Defence Minister Khawaja Muhammad Asif , Interior Minister Chaudhry Nisar Ali Khan and the President National Bank of Pakistan (NBP). The Prime Minister was given a detailed briefing on the scheme with special emphasis on the receipt of applications and their scrutiny. The Prime Minister directed that implementation of the scheme rules should be in a manner that it facilitates the applicants. He directed the President NBP to personally supervise the scheme. The issue of the guarantors also came under discussion during the meeting. The Prime Minister was told that in order to facilitate the applicants, three categories of guarantors have been identified: firstly a Grade-15 or above Government Officer, secondly any civilian person having an amount of net worth of 1.5 times the amount of loan applied for and thirdly if a person has a running business and wants to expand it, he can be his own guarantor if he has net worth of 1.5 times the loan amount in National Bank or any other bank from where the loan is disbursed. The Prime Minister said that service delivery by the banks should be to facilitate the applicants and directed that the service delivery mechanism should be improved based upon the valuable suggestions/feedback received from the public. The standard of services towards these applicants should be the same as given to the commercial borrowers. He advised the bank officers working on the loan scheme to consider it as service to the nation. The Prime Minister emphasized upon merit and transparency in the scheme so that only the deserving and genuine could get the loan. The Prime Minister said that the Government wants to provide various opportunities to the youth including skilled education, trainings, employment and scholarships so that they could contribute positively in all fields.
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