Prime Minister Youth Loan Scheme

[capsat]

..so whole generation will try & prosper over "Interest" based 'risk', wagers are too high.

[Dr.Kazim]

After reading following I want to say just
Dena nahi chahtay- to ailan kyun kartay ho ;

Sent from my GT-S5282

[capsat]

Daktay sayb great sharing ... purfect zample of ' andha bantay raaywree apnay anoun ko ' ALLAH (swt) ap ko iss ka ajar dai ga hope this do not get deleted by prospective Beneficiary which Libra is NOT.

[ahmedk06]

another scam to eat 100 billion of tax payers amount while using own photo for gaining sentiments.

I say stay away from it ,

1. Sood is haram, If Islam says so then there must be many reasons behind it.
2. The amount is peanuts as PK currency has devalued a lot recently.
3. Not every youngster is a born businessman, not everyone can be a businessman. It requires a different mindset which sadlly most of us do not have.
4. The whole idea is too typical, Instead VC(venture capital) firms should be allowed here in pk with an option of patent and design rights.
5. They will simply use your business ideas and give the models to their own bhateejay, bhanjay
6. The moment their gov is gone, no loans / installments will be given further. Any business can be on its knees if that happens

Good Luck and think many times before stepping into this well.

[bigmaster]

mirchain lag gaieen kisi ko...didn't even get to read his reply...crazy nooray mods.

[asim0072]

[Tabish1]

......

[mag88]

The actual currency note is also a form of riba(sood) unless it says 1 Kilo atta, chawal or sona will be paid to the bearer on presentation. Since this is an imposed system we as common man can not avoid it as at the end of the day we need to pay at dhabba with currency note (not even gold is acceptable, and ofcourse no employer pay salary in form of gold or any other commodity which may be acceptable to a shopkeeper for barter trade) to buy living need goods.

[bigmaster]

The actual currency note is also a form of riba(sood) unless it says 1 Kilo atta, chawal or sona will be paid to the bearer on presentation. Since this is an imposed system we as common man can not avoid it as at the end of the day we need to pay at dhabba with currency note (not even gold is acceptable, and ofcourse no employer pay salary in form of gold or any other commodity which may be acceptable to a shopkeeper for barter trade) to buy living need goods.

it is not interest. If you keep money supply constant and interest rate at 0% (or easier solution, simply ban commercial banking as under 100% Islamic Law, commercial banking is next to impossible to implement), then I don't see anything wrong with it. In such case, the value of currency will directly be tied to real goods and fluctuations in currency value would only be due to fluctuations in value of real goods.

Although simple gold/silver currency solves every single problem...

[arslan4u]

Assalam o Alaikum
Today I visited SMEDA website to get loan details and facts, what I found want to share with you. If I am wrong please guide and correct me??..
As per Loan Repayment template if someone get loan of 2000000 (20 Lac), he has to return
Rs. 2,778,484 means Rs. 778,484 extra. This extra payment is 38.9% or 39% of the loan amount.
Monthly installment is approximately Rs: 31000 to Rs: 32000.

My 2 cents: Stay far away from interest / Sood

[mag88]

Although simple gold/silver currency solves every single problem...

I only agree on aluminium, iron, brass, silver, gold currency to be riba free

[manni1]

first i was thinking to apply i have the guarantorz also ....but as the things coming up its look complicated nd messy

[bigmaster]

I only agree on aluminium, iron, brass, silver, gold currency to be riba free

but you have to understand WHY the current system is riba...

it is riba, cuz gov can issue more currency and gain wealth relative to everyone else WITHOUT doing anything for real. They can just sit there and print more money and spend as much as they want and do nothing and make free money for themselves at the cost of the entire nation.

but if you can stop currency issuing and keep m1,m2,m3 etc constant, now have currency without riba.

[capsat]

with 10,000 ka currency note flooded into market in next quarter what do you expect ? - inflation will shot to high double digits of 2X, and current regime pushing people to wage WAR with ALLAH (swt) - will go blind & crash before next budget

[born_2b_wild]

Too bad it will be abused by the people and govt will not see any money

actually money is the only thing which the govt sees and adores ....

[devilskreed]

actually money is the only thing which the govt sees and adores ....

This scheme is a lost cause will result in countless defaulters and ultimately financial losses to the state as well as taxpayers.You know how pakis roll.This is a stupid scheme

[born_2b_wild]

This scheme is a lost cause will result in countless defaulters and ultimately financial losses to the state as well as taxpayers.You know how pakis roll.This is a stupid scheme

well people used to say...tsunami ayaa tou tabahii hogee..sab beh jae gaa...banday puchay..shair aaker knsaa tmhein pappian day gaa?? woh kehta tha naa aik shepherd k shair ayaa shair ayaa..phir aik dinn shairr agayaa thaa aur aagay ki kahani tou sabko pata he hai

[Ishtiaq778]

[capsat]

suicide cases will rise when debt collectors start paying visit just like Credit card recovery teams abusing crushing credit card defaulters.

with no prejudice this scheme is focusing over 'HOW TO' dominate in local bodies election. Out of 600,000 applicants only 100,000 will get loan via "balloting".

[PuNk]

May Allah bless my Country !