Home Education PM allocates Rs 100bn in Start-up loans, 170, 000 Skilled Education Scholarships

PM allocates Rs 100bn in Start-up loans, 170, 000 Skilled Education Scholarships

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In an effort to curb unemployment, Prime Minister Imran Khan announced on Tuesday the allocation of Rs100 billion funds for the purpose of start-up loans along with 170,000 Skilled Education Scholarships. Imran Khan also stated that 50, 000 of these scholarships would be reserved for high-end skills. Such as those linked with the latest technological advancements.

The scholarship courses will be of a duration of 6 months each and will help the country curb unemployment. Soft loans could help the youth of the country. They could launch their own businesses and startups under the “Kamyab Jawan” program. Moreover, the PM has also promised to increase the allocation of these incentives every year to eradicate unemployment.

Kamyab Jawan Program

He further added in his televised message that the youth need to focus on becoming self-sufficient instead of desiring government jobs. Since public jobs are already adding to the government’s pension bill. This is becoming a financial burden for the country, he added. The Prime Ministers’ solution to unemployment is self-owned businesses hence the announcement of loans being allocated.

The government’s efforts to eradicate unemployment through loans and scholarships is one of the initiatives taken under the “Kamyab Jawan” program. This program will help to empower youth through education and enhance their skill-set.

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