Prime Minster Business Loan Scheme : Pakistanis Download 3 million online forms for Business loan Scheme
ISLAMABAD: Collecting huge popularity across Pakistan day by day, the Prime Minister’s Youth Business Loan Scheme has gained formal response of at least 3 million citizens, according to parliamentary secretary.
Rana Muhammad Afzal Khan, the parliamentary secretary, revealed the online statistics of the scheme; claiming that approximately 5 million download have been made while 3 million forms were submitted.
However, the loan scheme faced strict criticism from the religious circles of the country due to the involvement of interests in the provided money for business.
The huge number of forms’ submission was seen after special notices of members of national assembly clarifying that the loan will not be given to every persons.
Earlier in last week, online statistics of Small and Medium Enterprises Development Authority (SMEDA) showed that at least 2.1 million Pakistanis downloaded application forms seeking business loans under the Prime Minister Youth Loan Scheme.
Newly announced scheme for provision of business loans amongst Pakistani youths on merit basis is collecting large-scale popularity in the citizens as 2.1 million online forms has been downloaded till yet while 1.1 million people got the forms in last two days.
According to SMEDA website records, 56 feasibility studies in English language were uploaded on the official web before two months.
Pre-feasibility forms’ download were made before the formal announcement of PM’s loan scheme while in last two days 1 million more downloads were recorded.
SMEDA has established 25 special youth centres in sixteen prominent cities for the purpose of youth guidance, consultancy and technical information.
Pakistanis has praised the initiation of the loans’ scheme and called it as a significant positive step of the federal government.
The German government announced 200 scholarships worth Rs40 million for underprivileged graduate and undergraduate students from 10 Pakistani universities.
The German government on Wednesday announced 200 scholarships worth Rs40 million for underprivileged graduate and undergraduate students from 10 Pakistani universities.
The announcement was made in a meeting between German Ambassador Cyrill Nunn and Higher Education Commission (HEC) chairperson Imtiaz Hussain Gilani under the HEC-German Needs-Based Scholarship Program.
The program will be executed in collaboration with HEC, Pakistan and will be opened for the students of 10 Pakistani universities in selected disciplines of social sciences, basic sciences, engineering and information technology.
The scholarships are meant for unprivileged students who, despite possessing academic merit, are unable to continue their studies because of financial constraints.
Nun said at least 30 per cent of the scholarships will be awarded to female students.
He further added that Germany would like to see the students availing the scholarships complete their studies and return to serve Pakistan.
He said many Pakistanis were already studying on their own in Germany in different fields.
The scholarships will cover tuition fee and other expenditures such as transportation, books, lodging and incidentals in the form of a monthly stipend for two years.
The participating universities are Quaid-e-Azam University, COMSATS Institute of Information Technology Islamabad, University of Engineering and Technology Lahore, Government College University Lahore, University of Engineering and Technology Peshawar, Kohat University of Science and Technology, University of Haripur, Frontier Women University Peshawar, Lasbela University of Agriculture, Water and Marine Sciences, and Sardar Bahadur Khan Women University Quetta.
Achievements in higher education
Over 0.5 million laptops will be given to students in the next five years as part of the Prime Minister’s National Programme for Provision of Laptops to Talented Students.
Speaking at a press conference on Wednesday, Higher Education Commission (HEC) Executive Director Dr Mukhtar Ahmad and Acting HEC Chairman Imtiaz Hussain Gilani said that the distribution of laptops by the HEC will begin in February 2014.
The officials said that talks were underway with different companies to persuade them to set up local production lines to make the programme cost-effective besides linking the assembly line with academia.
They said that PhD, MPhil and MSc students will be given priority, followed by graduates with 60 per cent marks in HSSC.
Around 20 per cent of the laptops would be given to the students who are in their second, third, or final year of a four-year undergraduate programme, while 10 per cent will be given to students pursuing a two-year masters or bachelors programme.
The officials said that the laptops would be distributed among provinces on the basis of enrolments. Under the scheme, around 39.9 per cent of laptops would be distributed in Punjab, 21.9 per cent in Sindh, 17.1 per cent in Islamabad and FATA, 14 per cent in Khyber-Pakhtunkhwa, 3.7 per cent in Balochistan, 2.3 per cent in Azad Jammu and Kashmir, and 0.6 per cent in Gilgit-Baltistan.
In his presentation, Dr Ahmed said that enrolment in universities has increased manifold during the last five years. “During the last decade, the HEC has offered over 4,000 foreign scholarships and around 7,000 local scholarships,” he said.
While talking about placement and accommodation of fresh PhDs in universities, Dr Ahmed said that 1,498 scholars were currently engaged in the Interim Placement of PhDs programme. He said that a summary has been sent to prime minister to lift the ban on new recruitment.
“We are expecting a positive response. They will not be left in the lurch,” he said while talking about teachers the HEC had placed in universities under the interim placement programme.
The ED said that a mega project has been initiated to train around 3,500 non-teaching staff of universities from across Pakistan in the field of management. “Treasurers, registrars and other staffers would be part of this programme to train them to manage their resources within their means.
Bahria University Scholarships of 25 Million Rupees have been Announced
Bahria University Scholarship Policy has been framed with the objective to assist students with their educational expenses. The University aims to provide equal opportunity for all students to attain their goals/targets regardless of their financial position. Every year the University allocates funds in their budget plan exclusively for awarding scholarship to the deserving students.
In consonance with our community and social responsibilities, and to afford equal opportunities to students coming from weak financial backgrounds, Bahria University offers Financial Assistance and Merit scholarships, to the tune of Rs. 25Million annually, to its Under & Post-Graduate Programmes.
Financial Assistance Scholarship
(1) Bahria University has a very caring policy for those students who have serious financial problems to the extent that it may be difficult for them to continue their studies without some financial assistance. Fresh entrants to Bahria University may submit their request for scholarship when they deposited their fee after becoming bonafide students of BU. However, already enrolled students are also eligible to apply. The scholarship once granted in this category remains available to the students for the entire degree programme provided their performance does not fall below CGPA 2.50.
(2) Following are the eligibility criteria to apply for Financial Assistance Scholarship Program: