Institutional framework for Kamyab Jawan Programme funding discussed

ISLAMABAD – Federal Minister for Finance and Revenue, Shaukat Tarin, chaired a meeting at the Finance Division here on Friday to discuss and develop the institutional framework of funding for the Kamyab Jawan Programme.

According to statement issued by the Finance Ministry, the Finance Minister considered in detail the proposals prepared by the State Bank of Pakistan (SBP), Bank of Punjab and Akhuwat Foundation.

The proposals have been developed to facilitate the provision of subsidized loans for the agriculture, low cost housing and small businesses to generate employment and promote growth.

The role of micro-finance institutions, commercial banks and Rural Support Programmes was discussed and highlighted as partner institutions to achieve the objectives of the programme.

There was also a discussion on removing the age limit for loan eligibility so that all segments of the society could benefit from the Kamyab Jawan Programme.

The Finance Minister said that he wanted the programme to be finalized in a manner so as to cover all the targeted beneficiaries.

He directed all concerned to prepare the final proposal so that budgetary allocations could be made accordingly.

Among others, the meeting was attended by Special assistant to Prime Minister (SAPM) on Youth Affairs, Usman Dar; SAPM on Finance and Revenue,

Dr. Waqar Masood; Executive Director Akhuwat Foundation, Presidents of National Bank of Pakistan, Bank of Punjab and Habib Bank Limited, Chairman Naya Pakistan Housing & Development Authority and Chairman HBL.