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Monitoring team conducts surprise visits to various branches of National Bank of Pakistan to review status of disbursement of Prime Minister's Youth...

July 23, 2014



Monitoring team conducts surprise visits to various branches of National Bank of Pakistan to review status of disbursement of Prime Minister's Youth Business Loan Scheme - Press Note issued by Press Information Department

Following is the text of press note issued by Press Information Department (PID)

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On the directives of the Chairperson Prime Minister's Youth Programme Maryam Nawaz Sharif, a monitoring team headed by Advisor to Chairperson, MNA Ms. Leila Khan conducted surprise visits to various branches of National Bank of Pakistan to review the status of disbursement of PM Youth Business Loan Scheme, here today.

The monitoring team was apprised by the senior management of the National Bank of Pakistan on the overall progress and loan disbursement status of the Prime Minister's Youth Business Loan Scheme. Briefing the team, the NBP's executives informed that the PMYBLS is moving on the right track as per vision of the political leadership. It was further briefed that the procedure for the disbursement of loans to the youth has been made beneficiary-friendly on the directives of the Chairperson PMYP.

The senior bank management informed that the loan approval decision would be centralized at the head office level in order to avoid unnecessary delays at the branch level in disbursing loans to the potential beneficiaries and all the regional heads have been directed to facilitate the successful applicants of the PMYBLS by establishing dedicated counters at all the branches of the NBP.

The PMYP Team was further apprised on the region wise status and progress of the PMYBLS. It was decided that a proper monitoring mechanism with status update of the loan beneficiaries would be installed to track the progress of loan disbursement by the bank.

For more information, contact:

Haji Ahmed Malik

Principal Information Officer

Press Information Department (PID)

Tel: +92-51-9252323 and +92-51-9252324

Fax: +92-51-9252325 and +92-51-9252326

Email: piopid@gmail.com

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Source: Pakistan Press International


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