Chairperson Prime Minister Youth Programme Maryam Nawaz Sharif Sunday expressed her deep satisfaction over the paying back of loans in easy installments by the young beneficiaries of scheme.
First Women Bank Limited President Tahira Raza briefed the chairperson PMYP on the paying back of loans through installments by the beneficiaries of the scheme.
Hailing the start of depositing back of loans through easy installments by the PMYBLS beneficiaries, Maryam said that as per vision of Prime Minister Nawaz Sharif, the PMYP has been moving in the right direction.
She said that the success of the unprecedented PMYP was evident from the fact that the beneficiaries of the PMYBLS have been able to deposit monthly installments against the loan in the lending banks branches.
The chairperson said that the beneficiaries of the PMYBLS have not only successfully established their businesses but have started making profits.
The businesswomen now enjoy the ownership of profitable and demand-driven trades including dairy farming, e clothing (sale of stitched clothes through online marketing, beauty salons, tuition centres, boutiques, provision of general stores, handicrafts, health clubs and interior designing.
Maryam said that the returning back of loans through easy installments by the budding entrepreneurs spoke volume of the success of the PMYBLS in particular and PMYP in general.
She said that the latter has turned talented but jobless youth into successful and emerging entrepreneurs as now they are able to pay their loan after successfully running their trades.
The FWBL president, while apprising the chairperson, said that the beneficiaries of the PMYBLS have also started paying back the principal installments which shows the thriving profit ratio of their respective trades.