Lahore: PM Youth Loan Scheme Without Interest Details: Prime Minister of Pakistan Mian Nawaz Sharif has announced six different loan schemes for youth of Pakistan. In these schemes fourth one is Qarze-e-Hasana Scheme. Government has organized is 3.5 billion rupees for 2013-14 season. In this loan scheme Government will provide 25,000-250,000 rupees to the youth unemployed. The main purpose of this scheme no markup will be charged because it will interest free loan for the public. PM Youth Scheme Qarze-e-Hasana provided by the Islamic Banking Maryam Nawaz Sharif and Prime Minister Youth Small Business Loan Scheme provided by the Maryam Nawaz Sharif. PM decided the final decision from the bank this loan will be provided on the interest free basis. The Chairman of this Scheme Maryam Nawaz Sharif also told about the PM announcement. PM decided this loan will be provided by the Islamic bank to youth and it will safe from the high rate of interest. According the Wednesday Maryam Nawaz was contact with the News said that interest is illegal system under the Islamic point of view so I want to finish this system and also we are issued interest free loan for youth.
All the implementation has been done by the PM Nawaz Sharif and Treasure Minister. They have started their work on this project, all term and condition will full fill in this project. Youth business and Qarze-e-Hasana loan will be provided age 21-45 years persons.