Prime Minister’s Youth Training Programme 2015 : Pakistan

Name of the Organization : Prime Minister’s Youth Programme (youth.pmo.gov.pk)
Name of the Scheme : Prime Minister’s Youth Training Programme
Country : Pakistan

Website : http://youth.pmo.gov.pk/Youth-Training-Programme.php

Related :
Prime Minister’s Youth Skills Development Programme 2015 Pakistan :
https://www.statusin.org/1101.html

Prime Minister’s Youth Training Programme :

Brief Description:
Aimed at training the educated youth of Pakistan through internship in private and public sector offices.

Stipend – Rs.12,000 per month for 12 months

Eligibility Criteria :

All those graduates with 16 years of education from HEC approved educational institutions, not more than 25 years of age (26 for less-developed areas).

Geographical Spread: All over Pakistan
Number of Interns: 50,000

Training Programme:
Focal points in each private and public office will be responsible for ensuring effective use of the internees’ services

Areas of Training:
All leading private sector firms/bodies and development sector organizations, federal, provincial and local government offices including educational institutions will be offered services of the internees

Executing Agencies:
A top class management consulting firm/university from the private sector in collaboration with the Government, will be responsible for the design, placement of internees and their periodic evaluation.

Prime Minister’s Programme for Youth :
Prime Minister’s Youth Programme is a revolutionary programme for the socio-economic development of youth, in a bid to combat soaring unemployment in the country.

It has a broad canvas of schemes aimed at enabling youth and poor segments of population to : Get good employment, opportunities, Secure economic empowerment, Acquire skills needed for gainful employment, Have access to higher education and IT tools, Access to on-the-job training/internship for young graduates to improve the probability of getting a productive job

People to Contact :

Coordinator:
Syed Mohammad Ashiq Hussain Shah MNA plysecyrailways2013@gmail.com
Focal Person:
Mr. Nisar Ahmad
Director General
Ministry of Inter Provincial Coordination
Office: 051-9103527

FAQs :
What is the Prime Minister’s youth Small business Loan Scheme?
Prime Minister’s Business Loans will focus on unemployed youth, especially educated, looking for establishing new enterprises.

What are the eligibility criteria for Prime Minister Youth Small Business Loan Scheme?
All young men/women not more than 35 Years old with potential Entrepreneurial skills are elegible to apply.

Are Women eligible to get benefit from Prime Minister Youth Small Business Loan Scheme?
50% of loans will go to women borrowers.
What is debt is equity ratio for small business loan scheme.
90:10 with tenure of up to 8 years

What is total rate for small business loan?
8% fixed for borrower but government will pay the difference of the cost at KIBOR+500 bps.
What is the size of small business loan scheme?
Rs.0.5 – 2.0 Million

What is the average loan size?
Rs.1.25 Million
Where from I can submit my application for Small Business Loan Scheme?
NBP and First Women Bank under the guidance and supervision of SBP. Other Banks will be encouraged to join.

Is there any specific sectors and products government promoting?
All sectors included. Standardized schemes/projects/ undertakings will be designed by SMEDA, projects designed by private sector service provider or individuals themselves.