Chairperson Prime Minister Youth Programme Maryam Nawaz Sharif on Sunday expressed her deep satisfaction over the paying back of loans in easy instalments by the young beneficiaries of the Scheme. She was talking, during a call on by Tahira Raza, President First Women Bank Limited, who briefed the chairperson PMYP on the paying back of loans through instalments by the beneficiaries of the Prime Minister Youth Business Loan Scheme (PMYBLS) here.
The Chairperson while hailing the start of depositing back of loans through easy instalments by the PMYBLS beneficiaries said that as per vision of Prime Minister Mohammad Nawaz Sharif, the PMYP has been moving in the right direction.
She said that the success of the unprecedented PMYP was evident from the fact that the beneficiaries of the PMYBLS have been able to deposit monthly instalments against the loan in the lending banks branches.
The chairperson said that the beneficiaries of the PMYBLS have not only successfully established their businesses but have started making profits.
The businesswomen now enjoy the ownership of profitable and demand-driven trades including dairy farming, e-clothing (sale of stitched clothes through online marketing) beauty saloons, tuition centres, boutiques, provision of general stores, handicrafts, health clubs and interior designing.
Chairperson PMYP further said that the returning back of loans through easy instalments by the budding entrepreneurs spoke volume of the success of the PMYBLS in particular and PMYP in general.
The President of the FWBL, while apprising the Chairperson told that the beneficiaries of the PMYBLS have also started paying back the principal instalments which shows the thriving profit ratio of their respective trades.
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