New Delhi, April 24, 2019: Prime Minister Youth Affairs Programme has planned to launch “SME-lending facility” under which subsidized business loans will be offered to young entrepreneurs for running their own businesses.
An official of the progamme said the loans will be offered in three categories.
In the first category, up to five hundred thousand rupees lending facility will be offered to the borrowers and no guarantee will be required for this loan as only personal guarantee would be enough.
Under the second and third category, subsidized loans would be offered to borrowers from 0.5 to one million rupees and one million to twenty five million rupees respectively according to the reports published in radio.gov.pk.
In the last two categories, Prime Minister Youth Affairs Programme would provide subsidy to the borrowers by sharing half of their interest rate.
