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. A number of applicants have been rejected due to the improper and wrong business plans. Well said, Good info. 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. This service will be also free of cost to the client. February 22, at 9: Many of plans made by unskilled have been rejected by bank due to improper calculations.
In order to make this scheme successful, there are two major steps that Government should have to take before securing loans to clients: January 7, at 6: Leave a Reply Cancel reply Your email address will not be published. However, no fee will be charged for the form itself and a photocopy will also be admissible. As we know that National bank will disburse loans not only on individual basis but it will allocate on sector basis also.
According to this system, the bank will sell the machinery to the client on a reasonable profit rather than handing over amount of cash to him. The suggested model should be that SMEDA may provide effective business plan making consultancy to the selectedloan applicants only. A number of applicants have been rejected due to the improper and wrong business plans.
The bank also has no clear instructions about acceptance of business plans; SMEDA has done work in 56 sectors with an investment limit of 1. 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 sccheme, the bank will mortgage some properties or guarantees as per scheme policy from the client.
Business Plan Training Video For PM’s Youth Business Loan (Urdu) – video dailymotion
As we all know that the Respected Chairperson Ms. A government servant of BPS and above can also act as a guarantee.
As we know that National bank will disburse loans not only on individual basis but it will allocate on sector basis also. Leave this field empty. 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. Notify me of follow-up comments by email. For example, the placement of the sector experts should be according to the largest share of the loans disbursed to the sector or region.
Now with an interest based loan, I see nothing but lots youth committing suicide or running away with this money because of lack of experience. 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.
The bank will make installments of the principle plus profit and divide it into installments for ease of the client. January 7, at 6: This service will be also free of cost to the client. 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.
Prime Minister’s Youth Business Loan Scheme Brief Description The name of the scheme will be ” Prime Minister’s Youth Business Loans ” and it will focus on but will not be restricted to unemployed youth, especially educated youth looking for establishing or extending business enterprises.
So a question arose into my mind that, why there is need to submit business plans before balloting? Leave a Reply Cancel reply Your email address will not be published. Therefore, I apologize honestly, if some of my ideas might be irrational or non pragmatic enough to actually touch minds of higher management. SBP will arrange appropriate training for private banks to implement the scheme. 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 sjeda experts with specific to the regional loan percentage.
Prime Minister Youth Program | Prime Minister Youth Program
The alternative method is the organic model, which is explained in the following documentary:. January 6, at 7: PM Youth Loan Scheme: The 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 plann with financial analysis, balance sheet, income statement and cash flows.
SO SMEDA should place the sector experts at the regional level with specific to the ratio of the sector wise loans disbursement. A well-organized system should be designed to execute, implement, practically monitor, control and supervise the businesses developed through PM loans.
PM Youth Loan Scheme: Honest Opinion
In buisness of any new policy related to guarantor SOPs, business plan criteria and loanee criteria, the NBPL should inform to all three institutions formally through written circular and same policy should be adopted on virtual contents in a quick manner. In order to make this scheme successful, there are two major steps that Government should have to take before securing loans to clients: For the emergence of the effective economic systems, there is need to form an organization, which ought be responsible to control, monitor and supervise the economic, financial, technological, legal and supply chain systems aggressively.
January 6, Author: