"National Bank of Pakistan would like to clarify an incorrect impression created by a news, "PM's health scheme beset by serious setbacks" published in the media on Wednesday, April 6, 2016 wherein it was said that NBP was reluctant in executing Prime Minister's Youth Business Loans Scheme. This is absolutely incorrect as NBP has already disbursed over Rs 7.100 billions to more than 7,500 approved applicant entrepreneurs under this scheme.
It is also worth mentioning that the ratio of disbursement to applicants who were declared successful in the first two ballots and had also accepted the loan offers is more than 80 percent. In addition to this, the bank is actively pursuing fresh applications from aspiring young entrepreneurs through a massive direct selling campaign and corporate tie-ups. NBP takes pride in being the leading bank in this scheme and is strongly committed to creating a robust and progressing entrepreneurship culture in Pakistan."-PR
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