Prime Minister's Youth Programme

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Prime Minister's Youth Programme
Prime Minister Youth Programme
PMYP Logo.png
Agency overview
FormedOctober 17, 2019;4 years ago (2019-10-17)
TypeYouth Affairs
Jurisdiction Government of Pakistan
StatusActive
HeadquartersPrime Minister's Secretariat
MottoEmpower youth, Kamyab Jawan Kamyab Pakistan
Employees12
Annual budget150 billion [1]
Minister responsible
Website pmyp.gov.pk

Prime Minister's Youth Programme (named Kamyab Jawan Program from 2019 to 2022) is an initiative by the former prime minister of Pakistan Nawaz Sharif established in 2013. [2] The purpose of the programme is to ensure the provision of quality education, and meaningful employment to the youth through integrated, sustainable youth initiatives. The programme provided government-subsidised business loans of up to 25 million rupees, under three tiers: first-tier for 10000 to 1 million, the second tier for 1 million to 10 million, and the third tier for 10 million to 25 million. [3] The programme also provided a skills scholarship program, a talent hunt for youth sports, and a national youth council.

In July 2022 the State Bank of Pakistan paused disbursements to the Kamyab Jawan Program. [4] The programme was revived by the Shehbaz Sharif government at the end of the year. [5] [6]

History

The Prime Minister's Youth Programme is a special initiative launched by the Pakistani government in 2013 - 2018. The Youth Programme comprised several schemes including Prime Minister's Interest-Free Loan Scheme, Prime Minister's Youth Business Loans, Prime Minister's Youth Training Scheme, Prime Minister's Youth Skills Development Scheme, Prime Minister's Scheme for Provision of Laptops and Prime Minister's Scheme for Reimbursement of Fee of Students from the Less Developed Areas. It was headed by Maryam Nawaz Sharif. [7] The total worth of PKR 20 billion was to be spread over 5 years. [8] [9]

On May 14, 2014, the government approved 3.5 billion for interest-free loans up to Rs 50,000 would be provided to 1 million people across the country. Half of the beneficiaries would be women. The loans would be disbursed through Pakistan Poverty Alleviation Fund (PPAF) and each federating unit will get its share as per the NFC Award, with a primary focus on rural areas. Proper loan centers and business support centers were to be set up across the country. [10] [11] [12] The Prime Minister's Programme for the Provision of Laptops to Talented Students (Prime Minister's Laptop Scheme was launched on May 23, 2014. [13] [14] [15]

The Prime Minister Laptop Scheme and other schemes were later abolished by the Pakistan Tehreek-e-Insaf (Pakistan Movement for Justice) government as of 2018. [16]

Official logo used for Kmayab Jawan Program initiave Kj-logo.png
Official logo used for Kmayab Jawan Program initiave

The Prime Minister's Youth Programme was renamed to the Kamyab Jawan Program by the Imran Khan ministry in September 2019 [17] and, after a pause in disbursements from July 2022, [4] was renamed back by the Shehbaz Sharif ministry in December 2022. [5] [6]

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References

  1. ↑ "15 mega initiatives included: Rs150bn 'PM's Youth Package' announced". Business Recorder (newspaper). 22 March 2023. Retrieved 9 May 2023.
  2. ↑ "Nawaz unveils Rs 20bln youth uplift package". 21 September 2013.
  3. ↑ "Kamyab Jawan". Bank of Punjab.
  4. 1 2 "Miftah says reshaping MPMG scheme by next week". The News.
  5. 1 2 "PMYP: Govt announces revival of various schemes". Business Recorder. 15 December 2022. Retrieved 27 April 2023.
  6. 1 2 Iqbal, Shahid (13 December 2022). "Agriculture, microfinance added to youth loan scheme". Dawn.com. Retrieved 27 April 2023.
  7. ↑ "Maryam Nawaz appointed chairperson of PM's Youth Programme". The Express Tribune. November 22, 2013. Archived from the original on May 25, 2014. Retrieved May 25, 2014.
  8. ↑ "Nawaz unveils Rs 20bln youth uplift package". DAWN.COM. September 21, 2013. Archived from the original on May 25, 2014. Retrieved May 25, 2014.
  9. ↑ "Fee Reimbursement Scheme to ensure human, social development: Maryam". Archived from the original on 2014-05-25. Retrieved 2014-05-25.
  10. ↑ "PM approves Rs 3.5 billion interest-free loan scheme". Archived from the original on 2014-05-16. Retrieved 2014-05-25.
  11. ↑ "Paperresult.com". www.paperresult.com. Archived from the original on 2016-05-12. Retrieved 2016-02-02.
  12. ↑ "Official Site". Archived from the original on 2014-05-27. Retrieved 2014-05-25.
  13. ↑ "Laptops under PM's Scheme: HEC likely to receive first shipment by May 28". Archived from the original on 2014-05-25. Retrieved 2014-05-25.
  14. ↑ "The News International: Latest News Breaking, Pakistan News". www.thenews.com.pk. Archived from the original on 2017-10-11. Retrieved 2019-09-06.
  15. ↑ Aziz, Hadi (May 1, 2014). "PM Youth Business Loans Scheme enters into second phase in Pakistan". Archived from the original on July 14, 2020. Retrieved July 12, 2020.
  16. ↑ "Imran Khan's govt decides to abolish PM's laptop, other schemes". www.thenews.com.pk. Archived from the original on 2019-03-27. Retrieved 2019-09-06.
  17. ↑ "PMYAP renames SME scheme as 'Kamyab Jawan Youth Entrepreneurship Scheme'". www.radio.gov.pk.
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