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Due Date: 01December, 2013


Topic: Youth Business Loans Scheme

OBJECTIVE OF THE ACTIVITY:
The prime objective of the assignment is to make students familiar with the importance of entrepreneurship in youth of Pakistan

.LEARNING OUTCOMES:
After attempting this assignment students will be able to understand:
• The need for creation of enterprise and business environment among youth of Pakistan.
• How this Youth business loan scheme will be successful.

ABSTRACT:
The State Bank of Pakistan (SBP) issued modalities for "Prime Minister's Youth Business Loans Scheme"- a mark-up subsidy and partial guarantee facility for extension of small business loans up to Rs 2 million for years. Initially, the federal government has allocated Rs 5 billion and some 100,000 loans will be disbursed under this scheme.
All men/women holding CNIC, aged between 21 and 45 years with entrepreneurial potential to apply from designated branches mapped with area of residence/business. According to a circular issued by the SBP, small business loans will focus on (but will not be restricted to) unemployed youth, especially educated youth looking for establishing or extending business enterprises.

Point of Discussion
What do you think, how this business loan scheme will help in promoting the current entrepreneurial environment in youth of Pakistan? Support your answer with 10 valid assumptions. (2 marks for each point total=20 Marks)

Important:
24 hours extra / grace period after the due date is usually available to overcome uploading difficulties. This extra time should only be used to meet the emergencies and above mentioned due dates should always be treated as final to avoid any inconvenience.

Important Instructions:
Students are advised to study the whole text carefully.
1- Try not to include any irrelevant material in the solution.
2- Try to come up with precise and original answers.
3- Assignments reaching after the due date would not be considered.

Other Important Instructions:
DEADLINE:
Make sure to upload the solution file before the due date on VULMS.
Any submission made via email after the due date will not be accepted.

FORMATTING GUIDELINES:
Use the font style “Times New Roman” or “Arial” and font size “12”.
It is advised to compose your document in MS-Word format.
You may also compose your assignment in Open Office format.
Use black and blue font colors only.