Prime Minister Mian Nawaz Sharif has launched the second phase of Youth Loan Scheme. <br /> <br />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. <br /> <br />The PM expressed the confidence that the youth securing loans for businesses would prove to be a harbinger of economic revolution in the country. <br /> <br />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. <br /> <br />Of them, 6000 were selected for grant of loans through computer ballot and on Wednesday 6000 more are being selected through second draw.
