Please follow the table below for the reference about the sector wise placement. January 6, Author: PM Youth Loan Scheme: Comments 3 responses Omar Javaid says: The basic idea behind this scheme is to facilitate the youth of Pakistan Age 45 with some entrepreneurial potential, and there is no further qualification or skills clearly defined for this segment.
Keeping in view of the above subject, I hereby present some of my observations to you along with suggestions for improvement. If the Government allocates a handsome budget to expand the SMEDA services to micro level, then the new structure of the organization should be to hire sector experts with specific to the regional loan percentage. Whole of Pakistan In the case of Balochistan, at least one branch of NBP will be designated per division All non-designated NBP branches will guide the borrowers to the nearest designated branch along with facilitation to receive and dispatch the application to the nearest designated branch if so requested by the borrower. A number of applicants have been rejected due to the improper and wrong business plans. January 6, at 7: However, no fee will be charged for the form itself and a photocopy will also be admissible. Notify me of follow-up comments by email.
PM Youth Loan Scheme: Honest Opinion
SMEDA is providing advisory services to all the general public, in which most of them might be non serious or not eligible to fulfill the pre requisites of the youth loan scheme. In fact, its true that with less resources and short span of time, the SMEDA management cannot accommodate those applicants, who wants to start business from below one million investment. In return, the bank will mortgage some properties or guarantees as per scheme policy from the client.
SBP to ensure that loans are broadly in conformity with provincial populations. January 7, at 6: The suggested model should be that SMEDA may provide effective business plan making consultancy to the selectedloan applicants only.
A number of schemw have been rejected due to the improper and wrong business plans. January 6, at 7: Your email address will not be published.
Prime Minister Youth Program | Prime Minister Youth Program
SMEDA has no answer to the people who apply below 1. Notify me of follow-up comments by email. The applicant must be metric or intermediate or above. In order to make this scheme successful, there are two major steps that Government should have to take before securing loans to clients: After possession, the pk will sell the machinery, goods or property to the client and take reasonable profit decided earlier with mutual consent on goods from client. As we all know that the Respected Chairperson Ms.
Leave this field empty. Comments 3 responses Omar Javaid says: PM Youth Loan Scheme: Second solution is to hire any individual experts by Government from market on temporary smedx, who would deliver this service to the clients freely. In view of the above facts, I will request the SMEDA management to allow me to accommodate the regions according to the demand of sector. February 22, at 9: For the emergence of the effective plna systems, there is need to form an organization, which ought be responsible to control, monitor and supervise the economic, financial, technological, legal csheme supply chain systems aggressively.
Sometimes officer becomes literally confuse that how can he communicate the parameters and pros and cons of a formal business plan to him? Whole of Pakistan In the case of Balochistan, at least one branch of NBP will be designated per division All non-designated NBP branches will guide the borrowers to the nearest designated branch along with facilitation to receive and dispatch the application to the nearest designated branch sxheme so requested by the borrower.
Prime Minister’s Youth Business Loan Scheme
A government servant of BPS and above can also act as a guarantee. Will require minimum essential information and the format will be as simple as possible to facilitate applicants. Inform all the clients about the day to increases in prices and expenses electricity, gas, goods e.
Therefore, I apologize honestly, if some of my ideas might be irrational or non pragmatic enough to actually touch minds of higher management. Om criteria of business plan set by the bank is so much critical that, illiterate applicants who want to apply for one lac onlyare even asked to present a formal business plan along with financial analysis, balance sheet, income statement and cash flows.
Please follow the table below for the reference about the sector wise placement. According to this system, the bank will sell the machinery to the client on a reasonable profit rather than handing over amount of cash plsn him.
Sector wise Loan distribution As we know that National bank will disburse loans not only on individual basis but it will allocate on sector basis also. For example, the placement of the sector experts should be according to the largest share of the loans disbursed to the sector or region. Many of plans made by unskilled have bjsiness rejected by bank due to improper calculations.
If the Government allocates a handsome budget to expand the SMEDA services to micro level, then the new structure of the organization should be to hire sector experts with specific to the regional loan percentage. Placement of ceilings plzn be considered subsequently keeping in view the importance of sectors and applications received for various sectors.
A well-organized system should be designed to execute, implement, practically monitor, control and supervise the businesses developed through PM loans.