Summary Nawaz Sharif terms the loan scheme as a ray of hope for youths.
ISLAMABAD (Web Desk) - Prime Minister Mian Nawaz Sharif has launched the second phase of Youth Loan Scheme.
Addressing Youth Loan Scheme cheques’ distribution scheme, Nawaz Sharif said that the loan scheme is a ray of hope for youths. He said that the government started the loan scheme to provide the youth with opportunities to make themselves financially stable.
The PM expressed the confidence that the youth securing loans for businesses would prove to be a harbinger of economic revolution in the country.
He said in the first phase 38,000 applications for loans were received under PM Youth Business Loans including 31,000 men and 7,000 women.
Of them, 6000 were selected for grant of loans through computer ballot and on Wednesday 6000 more are being selected through second draw.
Nawaz Sharif said this time for taking practical steps for resolving problems of the people and not to go for sit-ins. He said those who could succeed in 2013 elections should wait for 2018 general elections.
He said the Government has launched a number of development projects and is completing them in record time.
The Prime Minister said thirty-five billion dollar would be invested in power, road and railway sectors during the next ten years.
He said twenty-one thousand megawatt of electricity would be added to the national grid in eight to ten years.
Speaking on the occasion, Minister for Finance Ishaq Dar said the present government is focusing on welfare of the down trodden sections of the society and launching of six youth related schemes are part of that strategy of PML-N government.
