Kamyab jawan program: Why will loan be given in the second phase?
ISLAMABAD: The government has decided to finalize loans considering the establishment of franchises of utility stores under the Kamyab jawan Program.
According to details, a meeting on Kamyab jawan program was held under the chairmanship of Federal Minister for Planning and Development Asad Umar in which Special Assistant Usman Dar and Hamad Azhar and others participated.
The meeting considered the establishment of franchises of utility stores under the Kamyab jawan Program and agreed to finalize loans for the scheme under the program.
Federal Minister Asad Omar said that the program will provide loans for the establishment of franchises of utility stores. Lending to such franchises ensures benefits, the shops will effectively contribute to the stability of the market.
Special Assistant Usman Dar said that 25,000 applicants have applied for loans, 25,000 applicants are interested in opening retail stores, new franchises will be set up under Utility Stores Corporation, loans can also be extended for setting up new franchises.
Hamad Azhar said that the Ministry of Industry would review the loan scheme for operational franchises and the loan pilot project for opening franchises would be successfully launched.