Kamyab Jawan Program Loan || Online Apply 2022
Introduction
As part of Prime Minister’s vision of creating jobs for the youth, the Government introduced Prime Minister’s ‘Kamyab Jawan – Youth Entrepreneurship Scheme’ (YES) for provision of subsidized business financing. This program has been developed with an aim to create more job opportunities and provide means for young people to be successful in their chosen career paths and to encourage SME growth.
Loan Scheme:
Youth Entrepreneurship Scheme promotes entrepreneurship among youth by providing business loans on simple terms & with less markup through 21 on board Commercial, Islamic and SME banks.
All Pakistani residents, aged between 21 and 45 years with entrepreneurial potential are eligible to apply for the loan. For IT/ E-Commerce related businesses, the lower age limit is 18 years. Youth Entrepreneurship Scheme is for both startups and expansion of existing businesses across Pakistan. Loan applications have to be submitted online (hyperlink) only through our website.
Tier 1
The range is 100,000 upto 1 million PKR with 3% markup. No Security required for loan in this tier.
Tier 2
The range is above 1 Million upto 10 Million PKR with 4% markup.
Tier 3
The range is above 10 Million upto 25 Million PKR with 5% markup.
Can loan be applied physically in branches?
No physical application form is required. All applications have to be submitted online at the following link/ Click Here
Can a non-resident Pakistani apply?
No. This scheme is only for resident Pakistanis.
Can government employees apply?
No. Government employees are strictly barred from applying under this scheme.
Does any gender have any priority?
There is no gender discrimination in this scheme and applicants of all genders are offered equal opportunities. However, considering the ground realities and to protect the fair gender, a minimum of 25% share on aggregate basis of all loans is kept for women.
What is the minimum educational requirement for an applicant?
There is no general requirement of minimum educational qualification, though it will be a favorable consideration for decision making by banks. However, in case of businesses which compulsorily require certain qualification, certifications, diplomas, authorizations or licenses, the same must be held by the applicant.
There is no general requirement of minimum educational qualification, though it will be a favorable consideration for decision making by banks. However, in case of businesses which compulsorily require certain qualification, certifications, diplomas, authorizations or licenses, the same must be held by the applicant.
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