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Prime Minister Youth Welfare Schemes | 6 Schemes Announced by PM for Pakistan Youth

See Prime Minister Youth Welfare Schemes in details, Prime Minister Muhammad Nawaz Sharif has announced six schemes for Students and youth for their better economic position in the society. Government aims to invest 20 Billion rupees in Prime Minister Schemes for Youth. These Schemes have different criteria and different advantages for Pakistan Youth.

Prime Minister, Mr. Nawaz Sharif, has launched six schemes for welfare and betterment of the youth of Pakistan during his address to the nation. Initially 20 billion rupees have been allocated to serve the requirements of the PM youth welfare Schemes 2013. This positive step of Government will go a long way in motivating the fresh blood in the nation to contribute positively towards social, economic and technological development of Pakistan and serve as future leaders of the nation. This broad canvas of schemes will play an effective role in enabling youth and people below poverty level to get opportunities of economic stability, employment, skills for good jobs, awareness of technological advancement and imparting on-job training to young fresh graduates to improve their chances for getting a decent job in the future. The youth welfare program comprises following schemes.

  • Prime Minister’s Micro Interest Free Loans
  • Prime Minister’s Small Business Loan Scheme
  • Prime Minister’s Youth Training Program
  • Prime Minister’s Youth Skills Development Scheme
  • Prime Minister’s Scheme for Provision of Laptops
  • Prime Minister’s Scheme for Reimbursement of Fee of Students from Less Developed Areas

The details of Prime Minister’s youth welfare schemes 2013 are presented as follows.

Prime Minister’s Micro Interest Free Loans

This scheme is also popularly called as ‘Qarz-e-Hasana’ scheme. It is aimed accumulate the access level of industries from 2.5 Million to 5 Million in the next five years. This scheme will play an effective role in raising industrial standards in Pakistan.

Eligibility

Interest free loans in this scheme will be provided to poor people of rural and urban areas that have poverty score up to 40.

Equal Opportunities for Women

Half of the loans will be provided to female borrowers.

Geographical Spread

This scheme will cover all areas of Pakistan especially un-served and less developed areas.

Pricing

This scheme is ‘Qarz-e-Hasana’ and hence no interest will be applied to it.

Amount and Number of Loans

Around 250,000 loans will be provided to deserving people with each person will be given around Rs. 25000 on average.

Budget Allocation

Around 3.5 Billion rupees have been allocated in this year’s budget for this scheme.

Executing Agency

Pakistan Poverty Alleviation Fund (PPAF) in coordination with other partner organizations and community organizations are administrating this scheme with necessary expertise and exposure.

Recycling of Funds

The borrowers will be educated to return the loan as soon as they become self-sufficient. The borrowers should change the role from ‘taker’ to ‘giver’ so as to recover and increase the budget allocated for this scheme. These funds can then be used for lending to deserving people in future.

Prime Minister Small Business Loan Scheme

This scheme will focus on providing funds to unemployed people who want to start their own business and contribute towards economic development in Pakistan. Priority will be given to educated people.

Eligibility

All men and women who are not more than 35 years old and have entrepreneurial skills and potential can apply for this scheme.

Equal Chances for Women

Half of the small business loans will be provided to women.

Debt Equity Ratio

The debt-equity ratio is set to be 90:10 under this scheme. This means that 10% of the share in establishing business will have to be paid by candidate himself/herself and rest of the 90% will be provided by the government.

Interest Rate

Interest rate on loans provided by Government is 8% for the total period of 8 years.

Amount of Loan

The amount of each loan will vary from 0.5 Million to 2 Million rupees.

Total Loans

100,000 deserving educated people will get small business loans from this scheme.

Budget Allocation

5 Billion rupees have been allocated in budget of 2013-2014.

See complete details of Prime Minister Small Business Loan Scheme

Executing Agency

National Bank of Pakistan (NBP) along with first women bank have been authorized to execute this program in coordination with State Bank of Pakistan (SBP).

Prime Minister Youth Training Scheme

The aim of this scheme is to train young and educated people in both public and private sectors to make them an effective participant in the betterment of Pakistan’s economy. See details of Prime Minister Youth Training Schemes.

Eligibility

All young educated people with minimum 16 years education from Higher Education Commission (HEC) recognized institutions and age not more than 25 are eligible to apply for this program. For less developed areas, the age limit is relaxed to 26 years.

Stipend

A monthly stipend of Rs. 10,000 will be given to trainees for a period of 12 months,

Total Internees

Around 50,000 internees will be nominated under this scheme for training in various offices.

Budget Allocation

5 Billion rupees have been allocated for this scheme in budget 2013-2014.

Executing Agency

Management from a top class private university from private sector is acting as an executing agency in collaboration with the Government and is responsible for design, placement and periodic evaluation of internees.

Training Program

Public and private sector offices will be provided with the talent and skills of fresh graduate internees to utilize their efforts in proper places.

Prime Minister’s Youth Skills Development Scheme

This scheme is for training young unemployed people to polish their skills and talent and help finding suitable jobs in future.

Eligibility

All young boys and girls up to 25 years age and minimum middle class education are eligible to apply for this scheme.

Fees Support

Rs.3000 per month will be given for 6 months to deserving candidates as fees to cover their educational expenses.

Stipend

Monthly stipend of Rs.2000 will be given for a period of 6 months to cover living expenses.

Total Trainees

Total 25000 trainees will be nominated throughout Pakistan through this scheme.

Budget Allocation

Rs. 800 Million have been allocated for this scheme in budget 2013-2014.

Executing Agency

Ministry of education and trainings in collaboration with Federal Government Skills Training Institutes will design the program and evaluation pattern of internees.

Training Program

The training will involve standard modules commonly popular as domestic trades and as foreign trades for 6 months.

Prime Minister’s Scheme for Provision of Laptops

This scheme is aimed at providing Laptop computers to students of colleges and universities to raise the standards of education.

Eligibility

All students who belong to Higher Education Commission (HEC) recognized institutions can apply for this scheme. 50% undergraduate and all Masters and doctoral students will get laptop under this scheme.

Cost per Laptop

Each laptop will cost approximately Rs. 40,000.

Total Laptops

100,000 laptops will be provided to students of HEC recognized colleges and universities.

Budget Allocation

Rs. 4 Billion have been allocated to meet expenses of this scheme in budget 2013-2014.

Executing Agency

Higher Education Commission (HEC) and Ministry of Education will be the awarding authorities of this program on the same pattern as distribution of laptops in Punjab colleges and universities last year.

Local Manufacturing

Government is negotiating with a local software company to manufacture laptops for this scheme.

See Details of Prime Minister’s Scheme for Provision of Laptops

 

Prime Minister’s Scheme for Reimbursement of Fee of Students from Less Developed Areas

This scheme is aimed at motivating people from less developed areas to pursue higher education by funding their academic expenses paid directly to the university.

Eligibility

All students who are registered in postgraduate or doctoral programs in HEC recognized public sector universities can apply for this scheme.

Geographical Spread

The students from interior Sindh, southern Punjab (divisions of Multan, Bahawalpur, D.G Khan), entire Baluchistan, less developed areas of KPK (Malakand, D.I Khan and Kohistan), GB and FATA can apply for this scheme.

Average Tuition Fee

Rs. 40,000 will be paid to each student as average tuition fee per year.

Total Students

Around 30,000 students will be benefitted from this scheme.

Budget Allocation

Rs. 1.2 Billion has been allocated for this scheme in budget 2013-2014.

Executing Agency

Higher Education Commission (HEC) in collaboration with Ministry of Education and Training will be responsible for its planning and successful implementation.

How to Apply for Prime Minister’s Youth Welfare Programs?

You need to register yourself without any cost at official website Prime Minister Office “PMO.GOV.PK”. You will get a mail on your registered email address that will contain a link to activate your account. You will be redirected to following address “PMO.GOV.PK”. You will have to enter some suggestions regarding PM youth welfare schemes 2013 and then you may visit home page of youth welfare schemes on website of Prime Minister and select a scheme to apply. You will find “Register” at the end of the page. Click that link and you have applied for the scheme successfully. You can apply for the rest of the schemes in the similar way.

A special number “80028” has been assigned to receive suggestions regarding PM youth welfare schemes 2013 from general public. These schemes have not been finalized yet. You may regularly visit PM official website for updates regarding youth welfare schemes. The structure of these schemes will be finalized in collaboration with executing agencies of all the aforementioned programs. The Federal Cabinet has already given approval for all these schemes. The arrangements are under progress and will be completed soon. To have transparent use of these schemes, Government is seeking suggestions from public to make a best use of these schemes.

Prime Minister Loans Scheme 2013 | How to apply for Prime Minister Loan Scheme 2013/14

See details of Prime Minister Loan scheme 2013, Mian Nawaz Sharif in his address to nation announced six schemes for the welfare of Pakistan Youth. PM Nawaz Sharif announced 20 billion rupees for the welfare of youth in his first speech. Main Shahbaz Sharif on Prime Minister’s initiative spoke to media and encouraged the decision of making youngsters active in the prosperity of Pakistan. Pakistan’s population’s major part is of Youth, and via providing those with the opportunities and resources of attaining higher education and technical trades for youngsters can make them active participants in national economy. Shahbaz Sharif further added that this decision of providing financial support to the youngsters and facilitating students is a historic initiative taken by Pakistan’s Prime Minister Mian Nawaz Sharif. The Chief Minister of Punjab Provence told media that development programs in the 4 advantaged districts has come with promising results. The Government of Pakistan is taking serious steps in making Pakistan a developed country and for the elimination of all critical issues in Pakistan including the Power Crises.

For details of prime Minister loan scheme 2013 please visit Prime Minister Youth Welfare Schemes. There are six schemes that are announced for the welfare of Pakistan youth including Micro Interest Free Loans, Small Business Loan Schemes, Youth Training Scheme, Youth Skill Development Scheme, Fee Payment for Under Privileged Areas, and PM Laptop scheme. Prime Minister Nawaz Sharif has announced the investment for the each of the schemes while the timeline of opening the program has not yet announced. In Prime Minister’s entire speech the main focus of him was on the students and unemployed youngsters and their welfare schemes. The government seems to be serious in benefiting Students and unemployed youth of Pakistan.

Ministry of Youth Affairs is also announcing loan schemes for providing financial assistance to the students. Shahid Hussain, Federal Minister of Youth Affairs said that International Labour Organization and Ministry of Youth are stepping into the betterment of youth and they will start erecting jobs in the country.

How to Apply for Prime Minister Loan Scheme

As mentioned above, PM in his speech has announced these schemes, but there is no timeline for the provisions of loans announced by him. So, how to apply for Prime Minister Loan Scheme will be updated with the opening of these loans, or with the announcement schedules for applying for these schemes.