According to recent reports, the National Bank of Pakistan (NBP) has spent up to Rs. 17.1 billion among 17,045 borrowers around Pakistan under the ‘Prime Minister’s Youth Business Loan Scheme.’
However, the recovery rate of the given loan is 93%, which is undoubtedly a remarkable achievement keeping in mind the average recovery rate in context to the banking sector.
Under this scheme, the supported business loans scale up to Rs. 2 million at 6% markup are offered to unemployed youth, particularly the educated youth that is looking towards beginning or prolonging business enterprises.