Prime Minister Youth Affairs Programme (PMYAP) has renamed SME-lending facility programme to “Kamyab Jawan Youth Entrepreneurship Scheme”.

According to an official, the scheme will offer subsidized business loans to young entrepreneurs in the country.

He said clean lending facility will be offered to borrowers up to 500,000 rupees, whereas subsidized loans will be offered to other borrowers from 0.5-1 million rupees and 1-25 million rupees.

NNR/Abid