The Small and Medium Enterprises Development Authority (SMEDA) website has established new records of popularity among the masses and especially the youth, after the announcement of Youth Business Loan scheme by Prime Minister Nawaz Sharif on December 07, 2013.
After the announcement of the scheme, more than one million pre-feasibility studies were downloaded from SMEDA website taking the total number of downloads to over a phenomenal 2.1 million! In fact the global ranking of SMEDA website, with content in both English and Urdu, has improved from 505,489 to 79,488 and it now ranks in the top 450 websites in Pakistan, moving from 15,764 to 449 in a short span of 3 months. These downloads have been recorded in over 200 cities and towns all over Pakistan.
SMEDA has established 25 special youth centres in 16 prominent cities for the purpose of youth guidance, consultancy and technical support.
According to media reports, some students have appealed government to ease down the terms and conditions imposed on acquiring these loans.
Here it is important to note that, the business loans to the youth would be provided after taking guarantee from grade 15 or above government officers while the candidates could also supply with guarantee of any businessman on basis of their bank statements.
very good from pm
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