Post Reply 
 
Thread Rating:
  • 0 Vote(s) - 0 Average
  • 1
  • 2
  • 3
  • 4
  • 5
Government introduces several new schemes
06-13-2013, 01:19 PM
Post: #1
Government introduces several new schemes
ISLAMABAD: This past election was, in large part, about courting the youth vote. And now that they are firmly ensconced in the corridors of power, the PML-N government on Wednesday introduced several youth oriented schemes worth billions in the budget for the fiscal year 2013-14. Other schemes that have been introduced also target the poorer segments of society.

“Amongst all sections our population it is our youth that must not be struck with despair and despondency,” Finance Minister Ishaq Dar said in his budget speech to the National Assembly.

Dar said that these schemes were the fulfillment of promises Prime Minister Nawaz Sharif had made with theyouth during his election campaign.

Some schemes, like the oneyear internship programme, had also been introduced by the previous government. Other schemes, such as the laptops for the youth and housing for the poor (Ashiyana Housing scheme)were introduced by Punjab chief Minister Shahbaz Sharif, but will now be implemented on a federal level.

Prime Minister’s Youth Training Program

The first scheme is for those who have completed a 16-year degree program and are jobless. The same scheme had been launched and implanted by the previous government but it lasted for a mere two years.

All those who have completed a 16-year degree program and are below the age of 25 years will be eligible for selection under the scheme. A one-year training program will be designed for these graduates during which they will be entitled to a stipend of Rs 10,000 per month. The scheme will be administered by the ministry of education, training and standards for higher education.

Prime Minister’s Youth Skills Development Program

Under this program 25,000 young people up to the age of 25 and with the minimum qualification of middle school (eight grade), will be imparted training in a number of trades across the country. National Vocational and Technical Training Authority (NAVTEC) will manage the program in collaboration with provincial TEVTA authorities. Emphasis will be placed on such trades as are in demand aboard or will enable the graduate to become self-employed.

Small Business Loans Scheme

Under this scheme loans ranging from Rs 100,000 to Rs 2,000,000 will be available at a markup cost of 8%. The remaining cost will be borne by the government. In the first year of the scheme, 50,000 loans will be offered. The scheme will be strengthened in the light of experience gained in the first year of operation.

PM’s scheme for Provision of Laptop

All students pursuing a degree program from one of the HEC recognised universities or institutions and meeting the merit criteria to be developed by the HEC will be eligible to get a free laptop.

Fee Reimbursement Scheme for Less Developed areas

Under an existing scheme, bright student from less developed areas are provided tuition fee support while pursing higher education at masters’ and doctorate levels. Presently it is available to students from Balochistan, FATA, and Gilgit-Baltistan.

However, the government decided to include students from rural Sindh, Multan, Bahawalpur and DG Khan Division of south Punjab in this scheme as well, and they will be eligible for tuition fee support provided they fulfill the merit criteria.

PM’s Micro Finance Scheme

The finance minister says the purpose of this scheme was to enable men and women to undertake micro enterprise activities, and the government has allocated Rs 5 billion to launch a scheme of Qarz-eHasna (loans without markup) for this purpose. These will be made available through selected micro finance providers including Akhuwat, NRSP and Provincial RSPs. Fifty percent of

the beneficiaries of the scheme will be women.

PM’s Housing Finance scheme

Under this scheme, a mortgage facility of Rs 1.5 million to Rs 5 million will be offered at a markup rate of 8%. Fifty thousand people will benefit from the scheme.
Visit this user's website Find all posts by this user
Quote this message in a reply
Post Reply 


Possibly Related Threads...
Thread: Author Replies: Views: Last Post
  SBP Introduces FX Matching Platform to Enhance Interbank Forex Trading LRE-Azan 0 125 01-25-2024 03:32 PM
Last Post: LRE-Azan
  DHA Bahawalpur Introduces an Exciting Commercial Proposition in Sector B LRE-Azan 0 134 01-05-2024 07:10 PM
Last Post: LRE-Azan
  NADRA Introduces Digital Power of Attorney for Overseas Pakistanis LRE-Azan 0 192 12-08-2023 02:14 PM
Last Post: LRE-Azan
  DHA Quetta Introduces Limited-Time Incentive for Residential Applicants LRE-Azan 0 200 11-30-2023 06:43 PM
Last Post: LRE-Azan
  DHA Multan introduces ‘Incredible Business & Investment Opportunities’ LRE-Azan 0 248 09-02-2023 02:50 PM
Last Post: LRE-Azan
  Sindh Government Declares Over 300 Housing Schemes Illegal LRE-Azan 0 581 04-18-2023 05:04 PM
Last Post: LRE-Azan
  Sindh Government Declares Over 300 Housing Schemes Illegal LRE-Azan 0 623 04-18-2023 05:03 PM
Last Post: LRE-Azan
  LDA Introduces Revised SOP For Transfer Of Plots Salman 0 5,005 03-11-2014 06:43 PM
Last Post: Salman
  Excise Department Introduces A Website For Property Tax Payers Salman 0 3,748 02-17-2014 01:13 PM
Last Post: Salman
  City Districts Government Gujranwala issued Illegal Housing Schemes List Salman 0 13,496 12-21-2013 12:37 PM
Last Post: Salman
  Punjab government approves over Rs 29,753 million uplift schemes Salman 0 7,500 10-30-2013 01:30 PM
Last Post: Salman
  CDGK introduces modern system for cleaning of roads Lahore_Real_Estate 0 3,338 09-24-2011 01:14 PM
Last Post: Lahore_Real_Estate
  PTCL introduces data centres in Karachi and Lahore Lahore_Real_Estate 0 4,025 01-31-2011 04:35 PM
Last Post: Lahore_Real_Estate
  HP introduces first web-connected printers Lahore_Real_Estate 0 2,831 10-11-2010 12:05 PM
Last Post: Lahore_Real_Estate
  Mobilink introduces Milestone in country Lahore_Real_Estate 0 3,346 08-02-2010 12:44 PM
Last Post: Lahore_Real_Estate
  Microsoft Introduces Milo, a Virtual Boy! LRE 0 3,638 07-27-2010 01:41 AM
Last Post: LRE
  PTCL introduces Voice Portal Service Lahore_Real_Estate 0 3,965 06-02-2010 04:27 PM
Last Post: Lahore_Real_Estate
  Intel introduces new core processors Lahore_Real_Estate 0 2,920 05-25-2010 11:37 AM
Last Post: Lahore_Real_Estate
  US scraps screening, introduces profiling Lahore_Real_Estate 0 3,397 04-03-2010 12:42 PM
Last Post: Lahore_Real_Estate
  Nadra introduces CNIC verification through SMS to ease business dealings Naveed Yaseen 0 5,717 10-05-2009 08:18 AM
Last Post: Naveed Yaseen

Forum Jump:


User(s) browsing this thread: 1 Guest(s)