Loan disbursements of the National Bank of Pakistan (NBP) under the Prime Minister Youth Business Loan (PMYBL) scheme rose to approximately Rs. 15 billion with total number of borrowers exceeding 14,700 by December, 28 2016.
Last year, the total portfolio of PMYBL Scheme of NBP was Rs. 6.25 billion and the total numbers of borrowers were 6,791. This year with 140 % increase in loan portfolio size, a significant and impressive growth is witnessed in PMYBL scheme roll out through NBP.
“NBP effectively improved its internal processes for disbursement, and as a result we have witnessed significant growth in loan figures disburse under the PMYBL scheme,” said the NBP spokesperson.
Prime Minister’s Youth Business Loans focusses on unemployed youth, especially educated youth looking for establishing or extending business enterprises.