Under the scheme, applicants can submit applications online to receive various loans from the government to support their start-ups and small businesses as well as existing enterprises. The loan limit has been increased to 25 million and the total number of banks involved is 21 to make the process speedy. Please read the instructions manual and FAQs thoroughly before filling and submitting the application.
Prime Minister’s Youth Training Scheme 2022
The financing scheme available to the youth provides interest-free and collateral-free loans up to Rs 5 lakh, while loans above this amount and up to Rs 15 lakh are being given at an interest rate of 5 percent, Ministry of Youth Affairs. Under the skill development program launched.
16 years HEC recognized degree or equivalent.
Diploma of 3 years after Matric / FSc.
Madrassah graduates are also entitled to apply.
50% of marks or 2.5 CGPA in final degree/diploma is the minimum threshold for selection of interns.
Age limit is upto 25 years on 28-02-2022.
There is no gender discrimination female candidates will be encouraged to apply.
Rs.12,000 per month for 12 months
Number of Interns
Focal points in each private and public office will be responsible for ensuring effective use of the internees’ services
Areas of Training
All leading private sector firms/bodies and development sector organizations, federal, provincial and local government offices including educational institutions will be offered services of the internees
Allocation of Interns
Primarily, the allocation of interns will be made in accordance with the NFC award and FPSC’s recruitment criteria for provincial/regional quotas for all three years. The selection of Interns will be as per their domicile but can be placed in originations outside of their domicile region based on the demand profile and matching of applicant profile. Per year allocation of interns is as under