Student loans: TEVTA signs agreement with Akhuwat

LAHORE:

The Technical Education and Vocational Training Authority (TEVTA) will provide Rs500 million interest-free loans to 8,000 of its graduates through Akhuwat Foundation during the current financial year.

An agreement in this regard was signed between the TEVTA and the Akhuwat on Monday at TEVTA Secretariat. TEVTA Chairperson Irfan Qaiser Sheikh and Akhuwat executive director Dr Amjad Saqib signed the agreement. TEVTA Chief Operating Officer (CEO) Jawad Ahmed Qureshi, Akhuwat CEO Syed Rehan Hussain, monitoring manager Aleem Emanuel, Abdul Qayyum, Azhar Iqbal Shad, Haroon Naseer, Muhammad Usman Ali, Ayesha Qazi, Bushra Akhter, Sher Ali, Sarfraz Ahmed, Amar Hasan, Maqsood Ahmed Imran Afzal were present on the occasion.

Sheikh said that the loans would help the graduates to start their businesses. “The main focus of the TEVTA is to provide financial help to the graduates who intend to start their own business. The TEVTA is making efforts to make them respectable members of the society,” he said.

Saqib said that provision of interest-free loans to TEVTA graduates would facilitate them in starting their own business and eradicate poverty. “The loans will be disbursed through banks. The repayment period will be upto 30 moths,” he said.

Published in The Express Tribune, October 13^th, 2015.