As we all know that the Respected Chairperson Ms.
Such is the case, if you offer a hefty sum of money to an inexperienced, incompetent, and incapable individual who cannot even generate their own idea for starting up a new business.
However, one must not forget the plight of similar schemes in other parts of the world and even in Pakistan where such loans did not reach to the deserving. My concerns can be summed up as follows: Innovative and Creative Idea NOT a pre-requisite While access to capital is one of the important success factors for any business, an innovative and creative business idea is considered to be a key for the success and exponential performance of any potential business.
For this scheme, the youth are expected to pick up one the few pre-feasibility studies developed by SMEDA in fifteen sectors possibly creating a huge imbalance in supply and demand through ineffective market mechanism. NO need of a business plan for applying Globally, majority of businesses fail in the first three years of their existence.
One of the most cited reasons is improper planning. Although SMEDA is offering a template on their website about how to develop a business plan, however, first item in the template states: The first question which comes to my mind is how will lenders decide about the viability and success of the potential business?
Are we going towards, yet another scandal of sub-prime lending? The integrated approach serves two purposes: First, it acts as a filter to identify the genuineness and readiness of potential youth to take the entrepreneurial leap.
Second, it enables these young people to plan their business effectively and efficiently by minimizing the failure risks. What should be done to make this scheme successful and productive?
This entry was posted in BlogsEntrepreneurship. · Pre-Feasibility Study (Calf Fattening Farm) Note: All SMEDA Services / information related to PM's Youth Business Loan are. Free of Cost.
December, Pre-Feasibility Study Calf Fattening Farm. SMEDA, its employees or agents do not assume any liability for anyiridis-photo-restoration.com All smeda services related to Prime Minister youth program are free of cost as stated by Smeda itself.
Smeda shares guidelines on Developing an effective Business Plan for Pakistan Prime minster Youth Scheme (iridis-photo-restoration.com). In order to facilitate loan applicants, SMEDA has developed a Business Plan Template / Guidelines to help develop customized business plans. Although, the material included in these documents is based on data/information gathered from various reliable sources, it is based upon certain assumptions, which may differ from case to case.
Prime Minister's Youth Business Loan Scheme Brief Description The name of the scheme will be " Prime Minister's Youth Business Loans " and it will focus on (but will not be restricted to) unemployed youth, especially educated youth looking for establishing or extending business enterprises.
SME Mauritius Ltd is a private company wholly owned by the Government of Mauritius, and was incorporated in July This newly incorporated institution has taken over the role and functions of the Small and Medium Enterprises Development Authority(SMEDA). SMEDA has been tasked with an advisory role in the implementation of PM’s Youth Business Loan by providing.
56 Pre-feasibilities, Business Plan Template & Guidelines.