The Pakistani government has allocated about 650 million dollars (a sum of 100 billion rupees) to uplift the young population to provide resources and opportunities under the flagship “Kamyab Naujawan” programme, local media reported.
Kamyab Naujawan programme meaning a successful youth in English.
The Pakistani Prime Ministe,r Imran khan, said this while addressing an inaugural ceremony at Convention Centre in Islamabad.
Under the programme, the fund will be provided to young people in the form of loans to set up businesses along with a set of educational and skill-development opportunities.
The programme would help the country to address the issue of youth unemployment as well as reducing poverty.
“The programme will be a milestone in making youth economically independent and highlighting their role in national construction,” Khan said.
The loans would be made available under three categories which include interest-free, concessionary and regular loans, said the prime minister.
He added that 100 smart laboratories would be instituted to impart modern skills to youth.
“We will help provide placements and apprenticeship to 25,000 people,” he said.
In order to bring seminary students into the mainstream and help them play their role in national economy, the government will also set up more than 500 skill laboratories for providing skill education under the programme, according to the reports.
One million youth is expected to be directly benefited from the programme.
The loans will be distributed on a priority basis in 45 underprivileged districts of Pakistan, according to the programme details.
Local analysts believe that the programme would prove to be a milestone in resolving issues of the young people as well as bringing an economic reform in the country.
This will also made the youth to be self-employed and able to finance themselves, which will result in decrease in inflation and unemployment.
