PM Youth Loan Scheme. Another failure like yellow cab

1207
.

By Ahmad Jawad


Writer is Chief Visionary Officer of World’s First Smart Thinking Tank ”Beyond The Horizon” and most diverse professional of Pakistan. See writer’s profile at http://beyondthehorizon.com.pk/about/ and can be contacted at “pakistan.bth@gmail.com”


With few months after the launch of PM Youth Loans Scheme, 850 cases have gone default, equivalent to 12% of total number of loans. If Akhuwat can have 100% return of loans, why loan schemes launched by Mian Nawaz Sharif are always disaster and fruitless. National Bank will do its best to cover up the extent of default in coming days.


Article Source: Default ratio in youth loans touches 12% mark