PTI govt sets Rs50b target for loans under KJP this year

Islamabad: Pakistan Tehreek-e-Insaf (PTI) government has set the target of disbursing loans worth 50 billion rupees under Kamyab Jawan Program (KJP) this year to promote entrepreneurship amongst youth and create job opportunities in the country.

The news was stated by Minister of State for Information and Broadcasting Farrukh Habib and Special Assistant on Youth Affairs Usman Dar at a news conference.

Farrukh Habib pointed out that loans of 30 billions rupees were disbursed under KJP over the last two years under which twenty-two thousand new businesses were opened. 

“This has provided fifty thousand direct jobs to the youth and indirectly led to creation of thousands of other jobs,” said Farrukh.

The Minister of State for Information and Broadcasting said startups are especially being promoted under this initiative. 

He said a proposal will be floated in the cabinet for approval under which no guarantee will be sought from those acquiring loans up to two million rupees. 

 “Under a ten billion rupees Skill for All Program, hi-tech certification is being provided to the youth in areas such as artificial intelligence, cloud computing, graphic designing and so on,” the minister added.

Farrukh further added that under this program, scholarships have been awarded to one hundred thousand youth whilst another 61 thousand will be provided on 31st of this month. 

He said the government is targeting to enhance its IT exports to three billion dollars during the current fiscal year and this skill development program will help strengthen our IT exports.

Usman Dar, in his remarks, said that 2022 has been declared as the year of youth and different activities will be arranged during this year to promote soft image of Pakistan.  

“We are also considering to launch sports scholarship program for youth,” he revealed.

Usman Dar further added that loans under this initiative are being provided in the most transparent manner.