Entrepreneurship: TEVTA students to get interest-free loans

LAHORE:

The Technical Education and Vocational Training Authority (TEVTA) would disburse Rs500 million in loans this year among its 8,000 pass-outs through Akhuwat to help them set up their own businesses, TEVETA Chairperson Irfan Qaiser Sheikh said on Monday. He said the loans would be interest-free.

Sheikh was chairing a meeting at TEVTA Secretariat to review progress on the scheme.

Chief Operating Officer Jawad Ahmed Qureshi and other officials were also present.

Sheikh said that under the scheme, candidates would be given Rs10,000 to Rs100,000. “Our aim is to focus on those candidates who intend to start their own businesses,” the TEVETA chairperson said.

The TEVETA chairperson  said that those interested in the scheme might contact Akhuwat or visit www.akhuwat.org.pk for more information.

Separately, TEVTA Skilled Labour Marketing Information System Director Waheed Asghar said the web portal was helping 13,500 industrial units find manpower .

Of these, 2,756 units are in Faisalabad, he said.

He said that the authority was working to ensure job provision for the youth.

Published in The Express Tribune, November 10^th, 2015.