–Imran says his govt will provide loans to small and medium enterprises to create abundant jobs
–Says online system will be introduced to ensure no undue favours are granted to anyone
ISLAMABAD: Prime Minister Imran Khan on Friday distributed cheques worth Rs5 million among applicants under the Kamyab Jawan Programme, as he termed transparency and merit the cornerstones of the loan scheme.
During the ceremony, cheques valuing up to Rs5 million were distributed amongst the youth, while Rs100 billion have been allocated in the first phase of the ‘Kamyab Jawan Programme’.
Addressing the event in Islamabad, he said, “I want cheques should be distributed on merit.”
Imran said that more than 190,000 women have applied for the loan under the Kamyab Jawan Programme.
The prime minister said that it is the duty of the government to provide business opportunities to the people and remove hurdles from their businesses.
He said the country’s youth have pinned their hopes on the Kamyab Jawan Programme, adding that the biggest feature of this programme was to facilitate small and medium businesses.
The prime minister said that the government’s duty was to not only create jobs but also “stop hurdles that stand in the way of businesses”.
Giving example of Pakistani immigrants capturing textile markets in England, the PM said the small entrepreneurs in Pakistan failed to grow because of the lack of merit.
In the developed parts of the world, “They [governments] facilitate them and provide them with opportunities to start their businesses so that any youngster with a drive to excel can improve their station in society. This is what we call a meritocracy.”
He said his government with its Naya Pakistan represented a new way of thinking –meritocracy. “An online system will ensure there are no undue favours to anyone,” he said.
Focusing on small business setups, he said these business ventures were in most need of lifting because they lacked resources unlike the major industries.
“Big businesses have resources and can sidestep hurdles. But the backbone of the economy is the small business. And when society paves the way forward for such businesses, the country propels forward,” the PM added.
The SMEs also provide the biggest number of jobs, according to the PM. “So this programme is for the youth, but alongside that, the SMEs will benefit greatly from this.”
The PM also touted his government’s pro-business policies, saying Pakistan climbed 28 points in the ease of doing business ranking and promised even more progress.
Speaking about women’s development, he said the government would make policies to empower women. “I was happy to see that they have come forward from Parachinar and Galyat expressing their desire to do business, especially in the tourism sector,” he said.
“Women can participate in the IT revolution. So a new era is beginning now. If our youth fully participate, they alone can uplift our country,” he said.
The PM said tourism was an industry that has “untapped potential that people are not even aware of”. The premier, describing how tourism in Pakistan had taken off in recent months, said that “more and more tourists are coming every year, but we have no room to board them”. He appreciated that many people had created attached guest rooms to house tourists.
Earlier, in a statement, Special Assistant on Youth Affairs Usman Dar said that the ‘Kamyab Jawan Programme’ is turning into a reality and is a fulfillment of the promise made by the Prime Minister with the youth.
Usman Dar vowed to economically empower the youth. He said under the program, hundreds of thousands of the youth have expressed the desire to start their own businesses. He said this program has set a record of popularity in the youth.