Prime Minister Im Ran Khan today launched the Kami Abjawan Program for youth welfare nationwide on October 17, 2019.
Through the ya yawan program, the government aims to open the door to the strengthening of the socio-economic capacity of young people and make the young people of the country economically independent.
Prime Minister Imran Khan “Kamyab Jawan Program” will have 1 billion rupees distributed to young people as loans for business ventures. There are three categories of loans for youth, and this scheme will benefit a million youth.
The Prime Minister has announced that 100 billion rupees have been allocated to youth loans under the program.
Prime Minister Lim Lan Khan announced that loans up to 100,000 rupees would be interest free and that the other two categories of loans would be concessional loans.
Eligibility Criteria Kamyab Jawan Program
All men / women with CNIC between 21 and 45 years old with entrepreneurial potential are eligible. For IT / e-commerce related business, age limit will be 18 years old.
In accordance with the definition of the State Bank of Pakistan and according to the age ranges mentioned above, small businesses owned by youth (startups and existing businesses) are also eligible.
At least 6 months experience and / or experience for IT / e-commerce related business.
Focus on women
25{7be40b84a6a43fc4fae13304fce9a2695859798abfc41afd127b9f8b21c5f9c5} of loans will go to female borrowers.
Security requirements
T1 loans: But only the lender's personal guarantee is clean
T2 loans: under the bank's own credit policy
Bank
The following banks can help you run the program.
Pakistan National Bank (NBP)
Punjab Bank
Khyber Bank
Loan term:
Loan size is divided into two tiers
Tier 1 Loan-from Rs1 lac to Rs5 lac
Tier 2 Loans-Rs5 lac to Rs50 lac
Loan term
The maximum grace period is up to one year, up to eight years.
Debt ratio
Tier 1 Loan-90:10
Tier 2 Loan-80:20
Security requirements
Level 1 Loan-Personal Guarantee to Borrower.
Tier 2 loans-according to the bank's own credit policy.
application
This form is in English and Urdu and requires a minimum of essential information in a simple format.
Processing should not exceed 15 days, and it is clearly stated on the application.
This form is readily available at bank branches and the bank's dedicated website. The non-refundable form processing fee is Rs.100. .
How to Apply PM Khan's "Kamyab Jawan Program" Online
Application forms are available at the banks mentioned. There is a non-refundable processing fee for the application.
This form is available in English and Urdu and requires the necessary information in a simple format.
Fill out the form provided and submit it to the same branch of the bank that received it.
Please allow up to 15 days for processing your application.
Apply online & application Link https://kamyabjawan.gov.pk/