A plethora of candidates making use of for the mortgage beneath the National Youth Development Programme of Prime Minister Imran Khan’s Kamyab Jawan Programme have been rejected, figures launched on Sunday confirmed.
The report revealed that to date a complete of 1,237,977 younger folks had submitted their information for the disbursement of the loans. However, greater than half of the 695,655 purposes have been rejected. The candidates included greater than 1,038,000 boys, 199,240 ladies and 314 transgender individuals.
As per the small print, over 21,000 youths have been discovered eligible for loans, out of which 16,274 youths got loans of Rs22 billion. Meanwhile, 520,000 purposes are nonetheless in course of.
The programme claims that over 33,000 certified entrepreneurs have been capable of get employment owing to the supply of the loans.
The highest variety of purposes for availing of this programme was acquired by the federal government and industrial banks in Punjab. Similarly, 945,000 purposes have been acquired from Punjab out of which 510,000 purposes have been rejected and solely 15,710 youths have been declared eligible for loans. The loans amounted to a whopping sum of Rs16 billion.
According to statistics, greater than 780,000 boys, 164,000 ladies and 238 transgender individuals had utilized for loans from Punjab, whereas work on 45,000 purposes is beneath course of.
Similarly, over 139,886 purposes have been acquired from Sindh. More than 79,000 purposes have been rejected.
Out of 90 younger individuals who have been declared eligible for loans, 82 youths have been capable of take loans of Rs150 million by banks.
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Meanwhile, the method of scrutiny of three,500 purposes acquired by banks is underway. 9835 younger boys, 1551 ladies and Four transgender individuals from Balochistan utilized for the mortgage.
Furthermore, 15,962 purposes have been acquired from Azad Kashmir and 10,963 from Gilgit-Baltistan. Out of the purposes despatched by the younger aspirants of Azad Kashmir to the involved banks, greater than 7,500 purposes have been rejected and greater than 115 million have been distributed amongst 104 youth. In addition, greater than 8,000 purposes haven’t but been determined.
On the opposite hand, out of the purposes acquired from Gilgit-Baltistan, 6,205 purposes have been rejected whereas 4,500 purposes have been beneath course of. Out of 161 individuals declared eligible for the mortgage, 128 individuals got a mortgage of greater than Rs125 million.