ISLAMABAD: The government has disbursed 8,261 business loans worth Rs 8 billion amongst potential entrepreneurs across the country under PM’s Youth Business Loan (PMYBL) Scheme in last two and half years, said official sources.
As many as 64,114 applications have been received for interest-free loans under PMYBL scheme in last two and half years. Out of which 8,261 have received loans, 16,423 applications have so far been sanctioned for onward disbursement of loans.
According to breakup, 161 business loans worth Rs 157.85 million were disbursed amongst the potential entrepreneurs of Azad Jammu and Kashmir (AJK) in the last two and half years.
Likewise, 157 business loans worth Rs 166 million were disbursed among the applicants of Baluchistan, Rs 209 million were disbursed amongst 215 youth aspirants of Islamabad Capital Territory (ICT), yet other 55 loans worth Rs 44.8 million were disbursed among aspirants of Gilgit-Baltistan, 918 young entrepreneurs of Khyber Pakhtunkhwa were given Rs 892 million as interest-free loan to pursue their business.
Similarly, a sum of Rs 5,727.83 million has been disbursed among 6,003 young applicants of Punjab and Rs 7,04.80 million among 752 youngsters hailing from Sindh province.
As many as 1,105 applications were received from various areas of AJK. Out of which 286 applications have been sanctioned. 1,403 applications were received from Baluchistan and 284 applications have been approved for loan. As many as 958 applications have been received from Islamabad Capital Territory (ICT) out of which 350 applications have been sanctioned for loan disbursement.
As many as 77 applications have been sanctioned out of a total of 163 applications received from aspiring youth belonging to Gilgit-Baltistan. While 5,750 applications have been received from Khyber Pakhtunkhwa, out of which 1,720 have so far been approved.
While 12,491 applications are so far been sanctioned out of a total of 48,358 received from Punjab province. Likewise, a total of 6,377 applications have been received from Sindh province, out of which 1,215 has so far been approved for loan disbursement.
