ISLAMABAD: The federal government has introduced new loan schemes to support students and young individuals seeking better education and employment opportunities.
Rs. 1 Million Loan for Overseas Employment
Chairman of the Prime Minister Youth Programme (PMYP), Rana Mashhood Ahmed Khan, announced that young individuals planning to work abroad will be eligible for loans up to Rs. 1 million. This financial aid aims to assist them with:
- Training costs
- Visa expenses
- Travel expenses
- Initial settlement costs
According to Khan, the initiative is designed to create economic opportunities and enable Pakistani youth to compete in the global job market.
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Expansion of Prime Minister Youth Loan Scheme
The State Bank of Pakistan has expanded the Prime Minister Youth Loan Scheme, now offering additional facilities beyond business loans.
Key Additions:
- Laptop Loans: Students can now avail loans for laptops to support their education and skill development.
- Eligibility Criteria:
- Students aged 18 to 30 years
- Enrolled in Higher Education Commission (HEC) approved institutions
- Loans specifically designed to enhance educational and professional skills
Honhaar Scholarship Program Goes Nationwide
Meanwhile, Punjab Chief Minister (CM) Maryam Nawaz has expanded the Honhaar Scholarship Program to students in other provinces, ensuring equal opportunities nationwide.
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Key Decisions from the High-Level Meeting
- Expansion of Honhaar Scholarship Program to students across Pakistan under the same eligibility criteria as Punjab.
- Increase in Punjab Laptop Scheme: The total number of laptops increased to 110,000.
- Approval of Honhaar Scholarship for second-year, third-year, and fourth-year students in Punjab.
- Laptop Distribution Criteria: Students must have at least 65% marks to be eligible.
CM Maryam Nawaz emphasized that providing laptops and scholarships is the fundamental right of students and a responsibility of the government.
Also read: CM Punjab Announces CM Laptop Scheme for Students
Conclusion
The federal and provincial governments are actively introducing financial support initiatives to empower students and youth. With the expansion of loan schemes for overseas employment, laptop financing, and scholarships, young Pakistanis will have enhanced access to education and employment opportunities.
Stay updated with official government sources for further details on application procedures and eligibility criteria.
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