The PTI government at the beginning of 2020 introduced the Youth Interest Free loan scheme for all the youth of Pakistan. The hot news is the government is going to give this interest free loan to the youth of Pakistan from the month of April 2020. Prime Minister Youth Loan Scheme 2020 will based on Islamic Banking rules. For accomplishing this task a full meeting was conducted with the governor State Bank in which all the measures have been discussed. As per the meeting, all the private banks of Pakistan are also able to give a loan.
Objective Behind this Loan Scheme
The basic objective of this loan scheme is to enhance the capability of the youth of Pakistan. To make them financially better to resolve their issue with their studies or business. Prime Minister Youth Loan Scheme will become a milestone in this regard. Students can participate in educational and other useful activities through this loan scheme.
When the Loan Scheme Will Begin
The interest-free loan scheme 2020 is going to be begun in April 2020. However, the cut of dates for this loan scheme is still awaiting. As soon as the government initiates this youth loan scheme, you find it in daily newspapers or on this website.
Eligibility For Youth Loan Scheme
The entire youth of Pakistan is allowed to apply for this loan scheme in Pakistan 2020. The Applicants will be informed through print and electronic media about the further eligibility that will finally decide by the government.
How To Apply For Loan
The government is still working to regulate this youth loan scheme in 2020. Therefore, the application process is not yet given. But whatever the process will be this loan scheme will be remarkable for the youth of Pakistan to enhance the studies and developmental skills. The best thing is, this Prime Minister Youth Loan Scheme 2020 is interest free. So be easy and wait for the announcement after that apply and avail of this loan.
Note: if you have done LLM or M.Phil Degree then you can avail of its allowance here.
