'Youth loan scheme a roaring success'

Islamabad: The Prime Minister’s Youth Business Loan Scheme is a roaring success, said chairperson of the Prime Minister’s Youth Programme Leila Khan on Thursday.

“The 93 per cent recovery of Prime Minister’s Youth Business Loan Scheme is a big evidence of its remarkable success,” she said while chairing a meeting of National Bank of Pakistan’s team working on the Prime Minister’s Youth Business Loans Scheme here.

 She expressed satisfaction with the momentum gained in disbursement of loans to the potential entrepreneurs under the scheme. It was informed in the meeting that the National Bank of Pakistan has so far disbursed Rs17.1 billion among 17,045 borrowers across the country.

The recovery rate of the loans is 93%, which is a remarkable achievement in the context of banking sector average in this regard,, not only in the local market but internationally as well. Ms Leila Khan appreciated the efforts of National Bank of Pakistan in streamlining the loan application processing and disbursement process through a proactive approach under Active Sales Model.