pm youth program form

Salient Features
Brief Description	Small business Loans will focus on (but will not be restricted to unemployed youth, especially educated youth looking for establishing or extending business enterprises.
Eligibility criteria	All Men/Women holding CNIC, aged between 21 and 45 years with entrepreneurial potential to apply from designated branches mapped with area of residence/business.
Security Requirements	One Guarantor
Permissible Collaterals	Business hypothecation
Focus on women	50% of loans will go to women borrowers.
Debt-Equity ratio	90:10 The borrowers’ contribution of equity would be in the form of cash or immovable property and will be required after approval of the loan.
Loan Period	Tenor of loan will be 7 years with 1 year grace period. Loan tenure will start after completion of grace period.
Pricing	8% fixed of borrower. Government will pay the difference of the cost of KIBOR + 500 bps.
Number of loans	100,000
Size of Loan	Upto Rs 2,000,000 (Twenty Lacs)
Allocation in budget 2013-14	Rs. 5 Billion
Executing agency	IIn the first instance, National Bank of Pakistan (NBP) and First Women Bank Limited (FWBL) under the guidance and supervision of State Bank of Pakistan( SBP) to ensure participation of private banks: a) Private banks will be required to participate in this scheme on the basis of soundness of business proposals; and b) SBP will encourage private banks to build this portfolio commensurate with their size. c) SBP will arrange appropriate training for private banks to implement this scheme. d) NBP will continue to play the lead role
Sectors and Products	All sectors. Standardized schemes /projects/undertakings will be designed by SMEDA, projects designed by private sector service providers or individuals themselves will also be admissible. Role of SMEDA: a) The 50 feasibilities prepared and uploaded by SMEDA will b extensively publicized and their access to public made easier through multiple linkages with other relevant websites. b) SMEDA will work closely with Punjab Information Technology Board (PITB) to ensure that the schemes are accessible to those who participate in PITB survey.
Application Form	The Form would be both in English and Urdu, and required minimum essential information with simple format. The processing time will not exceed 15 days and will be so stated clearly in the application form; and The form would be readily available both in branches and through dedicated websites of the banks. Non- refundable form processing fee will be Rs. 100 (One Hundred)
Monitoring	SBP will publish consolidated information about the loans extended under the scheme for information of the public on quarterly bases on its website; An effective Complaints Center to process and resolve complaints will be set up; E-government directorate of Ministry of IT will provide support
Geographical Distribution	Whole of Pakistan. In case of Baluchistan, at least one branch of NBP will be designated per Division. All non-designated branches will also provide and receive filled application forms and dispatch them to the nearest branches.

Click below to download pm youth program form of First Women Bank for Female 
pm youth program form for female - First Women Bank

Click below to download pm youth program form of National Bank for Male

pm youth program form

Pakistan: Youth Responsibilities

Youth Responsibilities 
Pakistan Observer

8/9/2013

Pakistan is comprised of 180 million population out of which 70 percent people come under the category of youth.  Youth is a powerful force of a country. In fact, it was the youth that played pivotal role during the independence struggle of our country. Sir Syed Ahmed Khan knew that a separate Muslim state could not be created unless Students keep themselves away from the Politics. He emphatically said that student should focus on education rather than taking part in any political or revolutionary activity.  Unfortunately, after creating a separate Muslim state, we as a youth forgot our responsibilities and role. It is the reason that our 46 percent population is either illiterate or least educated. The prime responsibility of a youth is to acquire education and use it for the perpetual growth of the country. But, in our country, after acquiring education , most of the youngsters start finding jobs in other continents.Pakistan is passing through testing times and jobs are not available for talented youth and therefore the incidence of brain drain is rampant in the present state of affairs. We should use our talent for Pakistan not for our personal vested interests and repeat the history of pre-independence youth. John F. Kennedy has rightly said that “Do not ask what your country has done for you , ask what you have done for your country”.
-Karachi