LAHORE: At least 2.1 million Pakistanis have downloaded application forms seeking business loans under the Prime Minister Youth Loan Scheme, Small and Medium Enterprises Development Authority (SMEDA) statistics showed.
Newly announced scheme for provision of business loans amongst Pakistani youths on merit basis is collecting large-scale popularity in the citizens as 2.1 million online forms has been downloaded till yet while 1.1 million people got the forms in last two days.
According to SMEDA website records, 56 feasibility studies in English language were uploaded on the official web before two months.
Pre-feasibility forms’ download were made before the formal announcement of PM’s loan scheme while in last two days 1 million more downloads were recorded.
SMEDA has established 25 special youth centres in sixteen prominent cities for the purpose of youth guidance, consultancy and technical information.
Pakistanis has praised the initiation of the loans’ scheme and called it as a significant positive step of the federal government.
Some applicants told the media that the federal government should provide ease in the terms and conditions.
Business loans to the youth would be provided after taking guarantee from grade 15 or above governmental officers while the candidates could also apply with guarantee of any businessman on basis of their bank statements.