Jun 27

Prime Minister Launches Qarz-e-Hasna Loan Scheme 2014

PM Free Loan SchemeQarz-e-Hasana

Prime Minister’s Qarz-e-Hasna Scheme is basically a micro finance facility for the poor people in urban and rural areas. It is an initiative for coping with industry crisis. The aim is to remove poverty and make people improve their standards of living.

50% financing would be for women to empower them to earn for the family as well. It is going to be a interest free financing comprising of 250,000 loans of average Rs. 25,000 each for the year 2013-14. People belonging to less privileged areas would be given preference so they can improve their lives and transform themselves from takers to givers.

people was a risk as they would not pay back, but he opposed such ideas. “I told them not to doubt the integrity of poor people, as they are the ones, who can lay down their lives for Pakistan and it is my agenda to give them loans,” Nawaz Sharif remarked amidst loud applause from the beneficiaries of the scheme.

The Prime Minister also mentioned other schemes initiated under the PM’s Youth Programme, including the Youth Loan Scheme,Nawaz Sharif Free Loan Scheme Ceremony

Fee Reimbursement Scheme and Laptop Scheme, which he said, would prove as the backbone of the country’s economic development.“The doors of banks remained closed for the poor during the last 65 years and the present government has opened these doors for the first time for them, as the national kitty does not belong only to a special class, rather everyone has the right to it,” he remarked.

The Prime Minister said under the interest-free loan scheme, Rs 3.5 billion had been earmarked this year, which would be raised to  Rs 10 billion during next four years. The loan amount ranging from Rs 10,000 to Rs 50,000, would benefit the poor for establishing small businesses.

Sep 30

Pakistan Prime Minister’s Youth Programe 2013-2014

The Prime Minister’s Program for Youth has broad canvas of schemes enabling youth and poor segments of population to get good opportunities of employment, economic empowerment, acquiring skills needed for gainful employment , spreading use of computers and imparting on-the-job training for young graduates to improve the probability of getting a productive job.Prime Ministry Youth Program 2013 2014

[highlight]The following Six Schemes are  being launched:[/highlight]

[highlight]Internship and Laptop Schemes[/highlight]

[highlight]PM’s Qarz-e-Hasana Scheme[/highlight]

Brief description Qarz-e-Hasana (microfinance) facility aimed at helping the industry raise current access level of 2.5 million people to 5.0 million in next 5 years.
Eligibility criteria Vulnerable rural and urban poor with a poverty score of up to 40
Focus on women 50% of loans will go to women borrowers.
Geographical spread All Pakistan, preferably limited and un-served areas.
Pricing It is Qarz-e-Hasana and will not carry any mark-up.
Size and number of loans 250,000 loans of Rs.25,000 average
Government Grant 2013-14 Rs.3.5 billion.
Executing agency PPAF through enlisted partner organizations and community organizations having necessary expertise and experience.
Recycling Borrowers will be encouraged to return the loan that will go back to permanent fund available to the community for future lending. Fund will also educate the borrowers to convert from being “takers” to “givers”, so that the fund will continue to grow.

[highlight]PM’s Small Business Loans Scheme[/highlight]

Brief description Small business loans scheme will focus on unemployed youth, especially educated, looking for establishing new enterprises.
Eligibility criteria All young men/women. Age not more than 35 Years. Entrepreneurial potential.
Focus on women 50% of loans will go to women borrowers.
Debt-Equity ratio 90:10 with tenor of up to 7 years
Pricing 8% fixed for borrower but government will pay the difference of the cost at KIBOR+500 bps.
Refinancing SBP to explore providing 50% refinance at the risk of participating banks
Risk mitigation Government will share 50% of losses subject to a maximum of 10% of the loan amount
Number of Loans 100,000
Size of Loan Rs.0.5 – 2.0 Million
Average Loan Size Rs.1.25 Million
Allocation in Budget 2013-14 Rs.5 billion
Executing agency NBP and First Women Bank under the guidance and supervision of SBP. Other Banks will be encouraged to join.
Sectors and Products All sectors. Standardized schemes/projects/ undertakings will be designed by SMEDA, projects designed by private sector service provider or individuals themselves.

[highlight]PM’s Youth Training Scheme[/highlight]

Brief description Aimed at training the educated youth of Pakistan through internship in private and public sector offices.
Eligibility criteria All those graduates with 16 years of education from HEC approved educational institutions, not more than 25 years of age (26 for less-developed areas).
Geographical spread All Pakistan
Stipend Rs.10,000 per month for 12 months
Number of interns 50,000
Budget Allocation FY 2013-14 Rs.4.0 billion
Executing agency A top class management consulting firm/university from the private sector in collaboration with the Government, will be responsible for the design, placement of internees and their periodic evaluation.
Training program Focal points in each private and public office will be responsible for ensuring effective use of the internees’ services
Areas of training All leading private sector firms and development sector organizations, federal, provincial and local government offices including educational institutions will be offered services of the internees

[highlight]PM’s Scheme for Provision of Laptop[/highlight]

Brief description Aimed at spreading the use of computers amongst the college/university level students.
Eligibility criteria All students registered in an HEC approved educational institution. All masters/doctoral students and 50% under-graduate students will get the laptop.
Geographical spread All Pakistan.
Cost per laptop Rs.40,000 approx.
Total number 100,000 students
Budget Allocation FY 2013-14 Rs.4.0 billion
Executing agency Higher Education Commission (HEC)/Ministry of Education and Trainings. To be designed and implemented based on the same pattern and parameters as adopted in the Punjab.
Local manufacturing HEC is negotiating a deal from manufacturers for local assembly of laptop computers, which will become feasible in the face of such high demand from the present scheme as well that from Punjab.

[highlight]PM’s Scheme for Reimbursement of Fee of Students from the Less Developed Areas[/highlight]

Brief description Aimed at encouraging pursuit of higher education by students from less developed areas through financing of their tuition fees paid directly to universities.
Eligibility criteria All students registered in Masters/Ph.D programs in an HEC approved public sector educational institution.
Geographical spread Students domiciled in interior Sindh, Southern Punjab (Divisions of Multan, Bahawalpur and DG Khan), entire Balochistan, less developed areas of KP (Malakand, Kohistan and DI Khan), GB and FATA.
Average Tuition Fees Rs.40,000 per year
Total number 30,000 students
Budget Allocation FY 2013-14 Rs.1.2 Billion
Executing agency Higher Education Commission (HEC) in collaboration with the Ministry of Education and Trainings, which will be responsible for its implementation on the ground.
Sep 29

Prime Ministry Youth Program 2013-2014 Application Forms

Prime Minister Youth Program from Nawaz Sharif has started and its a great news for the youth. From loans for the small business to the tuition fee program,

And from skills development program to the laptop scheme, and from youth training program to interest-free loans; these all schemes are simply a great relief.Prime Ministry Youth Program 2013 2014

[highlight]MICRO INTEREST FREE LOANS[/highlight]

The first programme is Micro Interest Free Loans, which will be focused on those segments of society who are financially weak. 3 billion rupees have been allocated for this scheme. 250 thousand people will benefit from this scheme. These loans would be interest free.

[highlight]SMALL BUSINESS LOANS[/highlight]

The second scheme is Small Business Loans Scheme. This scheme is for those educated youngsters, who wish to start their own business. 50 per cent of these loans will be provided to women. These loans ranging from 500 thousand to 2 million rupees, will be given with a discounted interest rate of 8 percent. The rest will be paid by the government. Initially these loans will be provided through the National Bank of Pakistan and First Women Bank. Five billion rupees have been allocated for this scheme.

[highlight]YOUTH INERNSHIP[/highlight]

Under this programme, young educated people having acquired 16 years of education from recognized institutions will be provided on-the-job- training, so that they could get job opportunities in the country or abroad. During the training a monthly stippned of rupees 10 thousand will be given to the worker for a training period of 6 months. 4 billion rupees have been allocated for the purpose and 50 thousand graduates will benefit from the scheme.

[highlight] YOUTH SKILL DEVELOPMENT SCHEME[/highlight]

The youth skill development scheme is aimed at providing vocational training to such youngsters who are jobless. Boys and girls up to 25 years of age will be able to benefit from the scheme, who have gained middle level education (8th Grade). These youngsters will be given a monthly stippned worth 3-5 thousand rupees, for a period of 6 months. The government will bear their fee. 800 million rupees have been allocated for this programme.


The fifth scheme is for (male & female) students who come from far flung areas of the country, and want to acquire higher education. Any talented student should not be deprived of educational opportunities, only because his or her parents cannot afford the academic expenses. Government will bear the fee for youngsters aiming for a post graduate programme for MA, MSc or higher level. 1.2 billion rupees have been allocated for this scheme and 30 thousand students will benefit from this initiative.

[highlight]YOUTH LAPTOP SCHEME[/highlight]

The government of Punjab had initiated a laptop scheme for the purpose. The federal government has decided to launch this scheme nationwide. 100 thousand students will be provided laptops in accordance with the programme. An amount of 4 billion rupees has been allocated for the PM Laptop scheme.