Prime Minister Mian Nawaz Sharif has launched the second phase of Youth Loan Scheme.

Addressing Youth Loan Scheme cheques’ distribution scheme, Nawaz Sharif said that the loan scheme is a ray of hope for youths. He said that the government started the loan scheme to provide the youth with opportunities to make themselves financially stable.

The PM expressed the confidence that the youth securing loans for businesses would prove to be a harbinger of economic revolution in the country.

He said in the first phase 38,000 applications for loans were received under PM Youth Business Loans including 31,000 men and 7,000 women.

Of them, 6000 were selected for grant of loans through computer ballot and on Wednesday 6000 more are being selected through second draw.