ISLAMABAD: Federal Minister for Finance Muhammad Aurangzeb has held out assurance to enhance opportunities for the youth and promoting sustainable business development across the country.

The minister said that during a meeting with the Chairman Prime Minister’s Youth Programme, Rana Mashhood Ahmad, on Monday. Ahmad provided an overview of the Prime Minister’s Youth Business and Agriculture Loan Scheme which promotes entrepreneurship among youth by providing business loans on simple terms and with less mark-up through Commercial, Islamic and SME banks.

The discussion covered the current structure of the scheme, including its three operational tiers, and explored the potential benefits and logistics of introducing additional tiers.

Aurangzeb appreciated the programme and recognised it as a valuable scheme for supporting small and medium enterprises (SMEs).

He expressed support for the initiative, highlighting its role in stimulating entrepreneurial activity and contributing to economic growth.

Copyright Business Recorder, 2024