Pakistan Prime Minister Program For Youth 2013
1:Micro Interest Free Loans:
Brief description: Qarz-e-Hasana (Micro Interest Free Loans) facility aimed at helping the industry raise current access level of 2.5 million people to 5.0 million in next 5 years.
Eligibility criteria: Vulnerable rural and urban poor with a poverty score of up to 40
Focus on women: 50% of loans will go to women borrowers
Geographical spread Pricing: All Pakistan, preferably limited and un-served areas It is Qarz-e-Hasana (Micro Interest Free Loans) and will not carry any mark-up.
Size and number of loans: 250,000 loans of Rs.25,000 average
Government Grant 2013-2014: Rs.3.5 billion
Executing agency: PPAF through enlisted partner organizations and community organizations having necessary expertise and experience.
Recycling: Borrowers will be encouraged to return the loan that will go back to permanent fund available to the community for future lending. Fund will also educate the borrowers to convert from being “takers” to “givers”, so that the fund will continue to grow.
Small Business Loans Scheme:
Brief description: Small business loans scheme will locus on unemployed youth, especially educated, looking for establishing new enterprises.
Eligibility criteria All young men & women. Age not more man 35 Years. Entrepreneurial potential.
Focus on women 50% of loans will go to women borrowers.
Debt-Equity ratio 90:10 with tenor of up to 7 years
Pacing 8% fixed for borrower but government will pay the difference of the cost at KIBOR.500 bps. Refinancing SBP to explore providing 50% refinance at the risk of participating banks
Risk mitigation Government will share 50% of losses subject to a maximum 0110% of the loan amount
Number of loans 10000O
Size of Loan Rs.0.5 — 2.0 Million
Average Loan Size Rs.1.25 Million
Allocation in Budget 201 3-14 Rs.5 billion
Executing agency NBP and First Women Bank under the guidance and supervision of SBR Other Banks will be encouraged to join.
Sectors and Products All sectors. Standardized schemes/projects undertakings will be designed by MEDA. protects designed by private sector service provider or individuals themselves.
Youth Training Scheme:
Aimed at training the educated youth of Pakistan through internship in private and public sector offices.
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 Al Pakistan
Stipend Rs.1O,000 per month for 12 months
Number of interns 50,000
Budget Allocation FY 2013-14 Rs.4.O billion
Executing agency 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.
Training program 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 and development sector organizations, federal, provincial and local government offices including educational institutions will be offered services of the internees.
Youth Skills Development Scheme:
Aimed at training unemployed youth of Pakistan for acquiring productive skills for gainful employment. Eligibility criteria All young men & women aged up to 25 years with middle level education shall be eligible.
Geographical spread All Pakistan.
Fees support Rs.3,000 per month for six months
Stipend Rs.2.000 per month for six months.
Number of Trainees 25,000
Budget Allocation FY 2013-14 Rs.800 Million
Executing agency NAVTTC Ministry of Education and Trainings, in collaboration with Provincial TEVTAs/ Federal Government Skills Training Institutes which will also design the program and final evaluation form
Training program Training in standard modules in trades commonly in demand both at home and abroad will be imparted for a period of six months.
Scheme for Provision of Laptop:
Aimed at spreading the use of computers amongst the college/university level students.
Eligibility criteria Al students registered in an HEC approved educational institution. All masters/doctoral students and 50% undergraduate students will get the laptop.
Geographical spread Al Pakistan.
Cost per laptop Rs.40,000 approx.
Total number 100000 students
Budget Automation FY 2O1314 Rs.4.0 billion
Executing agency Higher Education Commission (HEC)Ministry of Education and Trainings. To be designed and implemented based on the same pattern and parameters as adopted in the Punjab.
Local manufacturing HEC is negotiating a deal from manufacturers for local assembly of laptop computers, which will become feasible in the face of such high demand from the present scheme as well that from Punjab.
Scheme for Reimbursement of Fee of Students from the Less Developed Areas:
Eligibility criteria Geographical spread Average Tuition Fees Total number Budget Allocation FY 2013-14 Executing agency
Aimed at encouraging pursuit of higher education by students from less developed areas through financing of their tuition fees paid directly to universities.
All students registered in Masters/ Ph.D programs in an HEC approved public sector educational institution.
Students domiciled in interior Sindh. Southern Punjab (Divisions of Multan, Bahawalpur and DG Khan), entire Balochistan, less developed areas of KP (Malakand, Kohistan and Dl Khan), GB and FATA.
Rs.40,000 per year
Higher Education Commission (HEC) in collaboration with the Ministry of Education and Trainings, which will be responsible for its implementation on the ground.