Punjab Government to issue Loans to Unemployed students
Punjab Government has announced that easy loans will be provided to unemployed students. The unemployment rate in Pakistan has remained same from more than past 10 years. Every year a large number of students graduate but the struggle of getting job is more hectic and difficult than completing 16 years of education. Pakistan possesses very talented and creative youth. Their ideas can produce a productive business for them and for Pakistan as well but the lack of capital has always kept them lagging behind.
Punjab Government easy loan scheme promises to provide an easy loan of 3 million PKR. These loans are to be given to people falling in 3 main categories. Firstly to the unemployed persons who come up with a business plan. Secondly to the people who already possess a business setup but they cannot afford to run in any longer. The third category is for the middle passed students. They will be provide with soft loan of 0.5 million PKR. Furthermore Punjab government has also declared that the installments of loan will start after one year of attainment of loan. The interested individuals will only have to show 20 of the amount for security.