Prime Minister Imran Khan announced a big loan package for deserving households worth Rs.1 Trillion. These loans in different categories will be disbursed under Kamyab jawan Program in 2022 and 2023.
Being the last year of PTI tenure the loans will be fully disbursed until mid-2023 for deserving youth.
These loans include business loans for youth without any markup or interest, loans for farmers to grow their crops by buying input for their crops and machinery and loan for houses.
Imran Khan announced the package while addressing a ceremony for inaugurating interesting free loans for the youth up to Rs.500,000/- and Rs350,000 for the farmers and Rs.2 Million for the construction of the houses.
Kamyab Jawan Program will also include special technical training for one member of the family of deserving citizens to make them able to stand on their feet.
Click on this link to Access SBP house Loan Mera Pakistan Mera Ghar detail
Earlier to this kamyab Jawan Loan program started in 2018 and more than ten lacs youth applied online with an intention to start their own business. These loans were supposed to be provided through banks.
But unfortunately, banks did not provide the loans to the youth as per youth expectations. The processing of the application was delayed and very less applicants were contacted by the banks for the business loans.
Overall Kamyab jawan program was as much failed practically as it was successful for the PTI Govt. Then the 2nd phase was started and the applications were invited for the business loans for the youth by increasing the loan amount and reducing the mark-up rate. But yet again banks refused to provide loans to the educated and unemployed youth and asked them to provide collateral or some sort of personal security which was so difficult that very less loans were approved by banks.
The same is the situation with the house loans as very less house loans were provided to the deserving people and many got a refusal from the banks.