All NBP designated branches for Prime Minister's Youth Business Loan (PMYBL) Scheme will remain opened on Saturday (today). The candidates of the first balloting which was held in Islamabad on February 28, 2014 have already been intimated through calls and SMS. Offer letters have also been dispatched to the successful applicants.
However, in order to facilitate the process, the applicants are requested to contact their respective designated hub branches for collection of their offer letters, if not received already, and for completion of required documentation. The branches have been directed to facilitate all successful candidates of the first balloting.
The total of 5,350 came out successful in the first balloting. From AJK, Balochistan, KPK and Sindh, 75, 73, 670 and 342 respectively were sent for balloting and all candidates came out successful in balloting. While in Punjab 4,782 cases and in Islamabad 135 cases were sent for balloting from which 4,085 and 105 respectively declared successful.
National Bank of Pakistan has made substantial progress towards launching this landmark scheme. This initiative presents a huge potential for assisting the economic progress of any country, catalyst for which remains channelizing of adequate financing towards this credit starved segment of population. NBP believes that the subject scheme will prove to be such catalyst for sustainable economic growth of the country.-PR