Youth Challenge Fund established

PESHAWAR, Nov 14: The Youth Challenge Fund (YCF) established by the government of Khyber Pakhtunkhwa will create new employment opportunities and also provide financial facilities for the initiation of economically viable enterprises by the youth. This was stated by Chief Minister Pervez Khattak during the MoU signing ceremony of Youth Challenge Fund (YCF). The initiatives is taken by the KP Industries Department and the Bank of Khyber (BOK) jointly for the encouragement of deserving youth and people from all walks of life in the province to promote socio-economic development in the province. The MoU singing ceremony was held at Chief Minister’s Secretariat and attended by the chief minister, BOK MD Shamsul Qayyum. The MoU was signed by Sajid Khan Jadoon, Provincial Secretary Industries, Mr. Imran Samad, Executive Vice-President & Group Head Credits BOK on behalf of their respective institutions. The chief minister was briefed that the YCF will be interest free with a size of Rs. 0.2 million to 2. 0 million on case-to-case basis for the period of three to seven years for the permanent residents of the province.]]>