Interest-free Loan Scheme 2020

At the beginning of 2020, the government of Pakistan comes with good news for the youth of Pakistan. According to this news, it comes to see that the government is ready to offer interest free loans for youth 2020. As per Islamic banking rules, the youth will be provided interest free loans. For this purpose, a meeting between Raza Baqir, Governor of State Bank, and Usman Dar is held in which all the details are discussed. The youth will be able to get loans through private banks.

Usman Dar has confirmed that the scheme is going to be launched as per the number of requirements from the youths’ side and, in this regard, the government has also consulted with the Governor of State Bank and the stakeholders.

The Purpose Behind this Loan Scheme

The sole purpose to offer this loan scheme to the youth is to support the youth who are having financial problems and are not eligible to target their studies. Moreover, through offering this loan scheme the government is trying to encourage the youth to take participate in educational and other development activities to make the youth or nation strong.

When the Loan Scheme Will Be Available

The interest free loan scheme 2020 is going to be announced from April 2020. However, the final date of this scheme and further registration process has not yet announced. The entire youth that is interested in this loan scheme is to be informed that soon the final announcement of this loan scheme will be published here at Ilmkidunya.

Who Is Eligible For Loan

The entire youth of Pakistan is allowed to apply for this loan scheme in Pakistan 2020. Applicants are informed that further eligibility criteria will come to see by the government of Pakistan. Students will be provided the complete eligibility criteria soon.

How To Apply For Loan

The government is, currently, working to regulate this youth loan scheme 2020. However, the application process is not yet announced that according to which channel students would be able to apply for this loan scheme. Students are suggested that keep engaged with us at Ilmkidunya for further information regarding interest free loan scheme 2020 for youth in Pakistan.

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