LAHORE—Lahore Regional Directorate of Punjab Small Industries Corporation (PSIC) has disbursed rupees 400 million interest free loan among unemployed skilled and semi-skilled youths.
Regional Director,Ali Raza Tarar told APP here Saturday that on the special directive of MD PSIC,Farhan Aziz Khawaja,four special centres each headed by District Development Officers have been established atLahore,Okara,Kasur and Sheikhupura districts to facilitate the jobless skilled and semi-skilled people in setting up their own business through loans.
He said today a batch of 50 skilled youths was given rupees 50,000 loan each at Kot Abdul Maalik industrial area of district Sheikhupura.
He said the entire process for grant of loans had altogether been simplified through one window operation, adding jobless skilled youth were being selected on sole recommendation of the TEVETA Punjab and other recognised training institutions of the province He said these youths had potential to run their personal business provided they were given interest free loans.
Tarar said sole spirit for loaning was only assist the under-privileged class and promote the mission of noble cause of serving the down trodden as per teachings of Islam.—Agencies