News Analysis |
According to details, the programme has been divided into two categories; under the first category, banks will provide a loan up to Rs500,000 at a six per cent mark up with lending equity of 10 per cent of the amount applied. Under the second category, an applicant can get a loan up to Rs5 million at a markup of eight per cent and the equity ratio of 20 per cent, Prime Minister’s Special Assistant on Information and Broadcasting, Dr Firdous Ashiq Awan, told media on Tuesday.
PTI was able to seek the support of the youth after a historic rally in Lahore in 2011 and since then PM Khan had promised to provide young people with different employment opportunities to raise their living standards. It is the first formal step taken by the PTI government, otherwise under severe pressure due to the ongoing economic crisis.
It is the first formal step taken by the PTI government, otherwise under severe pressure due to the ongoing economic crisis.
According to experts, PTI government won’t be able to offer 10 million jobs as it promised, rather, there will be further cut of 1 million in terms of employment opportunities. Shahzeb Khanzada of GEO news recently noted that the PTI government is going to disappoint many of its young supporters who were expecting jobs and houses after PM Khan took the charge.
Read more: PM Khan approves RS 100bn towards Pakistani Youth
Usman Dar, Special Assistant to the Prime Minister on Youth Affairs, tweeted that “8 months of planning, dedication & hard work puts me in a position to proudly congratulate the youth of Pakistan. Federal cabinet validates biggest youth programme of our history, worth Rs.100 billion. PMIK’s vision of a young & a vibrant nation will be realized”.
8 months of planning, dedication & hard work puts me in a position to proudly congratulate the youth of Pakistan. Federal cabinet validates biggest youth programme of our history, worth Rs.100 billion. PMIK's vision of a young & a vibrant nation will be realised.#KamyabJawan pic.twitter.com/GbaexZaqCC
— Usman Dar (@UdarOfficial) May 21, 2019
Moreover, according to the Kamyab Jawan scheme, 25 percent will be granted to women.
Prime Minister's National Internship program to empower young people with skills, training, and access to finance.#KamyabJawan pic.twitter.com/4sLYx9wo91
— Government of Pakistan (@GovtofPakistan) May 21, 2019
It demonstrates the government’s intentions to focus on helping the supposedly weaker segment of society. “We will empower the power and women who have to face socio-economic inequalities,” Prime Minister Khan said after assuming the charge.
Read more: Empowering Pakistani youth should be our top priority
Dr Firdous Ashiq Awan also told media that the Minister for Federal Education and Professional Training gave a detailed and comprehensive briefing on new education policy during the cabinet meeting. PTI has repeatedly said to introduce educational changes in order to ensure the same education system across the country.
PM Khan had promised to provide young people with different employment opportunities to raise their living standards.
Prime Minister Khan have said on more than one occasions that his government shall take all possible measures to ensure that the kids of a poor and rich, all go to the same schools and have access to the same opportunities. Dr. Awan stated that the policy will be developed as per the mandate of the federal government and necessary assistance and facilitation will be provided to provinces for its implementation.
Read more: Kamyab Jawan: JS bank partners with UNDP to empower youth
PTI’s government maintains that it is committed to work for the better of country which, it says, is not possible without creating opportunities for the youth.
Youth of every province will be given the similar opportunities & uniform efforts will be made to empower every one of them. CM KPK Mehmood Khan shares my and my leader Imran Khan's vision & he will be playing an active role in empowering the youth of kpk under #KamyabJawan pic.twitter.com/eBMR91TGDw
— Usman Dar (@UdarOfficial) May 17, 2019