Published On: Sat, Jan 11th, 2014
Published in Category: Islamabad

PM directs for observing 5% quota for disabled/ special persons in Youth Loan Scheme

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ISLAMABAD: Prime Minister has said that provincial quota and 5% quota for disabled /special persons should be observed in the Youth Business loan scheme.

He said this while presiding over a meeting to review the progress of Youth Business Loan Scheme at PM house. The meeting was attended by Mr. Ishaq Dar Minister for Finance, Mr. Pervaiz Rasheed, and Minister for Information, Ms. Mariam Nawaz Honorary Chair Person of the youth Program and other senior government officials from Ministry of Finance, SMEDA, NBP, and First Women Bank.

PM said that a complaint redressal system should be devised which should work under supervision of Mr. Muneer Kamal Chairman, NBP. He also directed Mr. Kamal to review the rejected applications and ascertain the grounds on which they were rejected and if found correct should be added to the list of eligible applicants.

PM stressed upon transparency in the scheme and said that no favoritism would be tolerated. He also directed for speedy processing of the applications by the Bank officials. Prime Minister said that he would personally review the progress of the scheme on weekly basis.
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