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Kamyab Jawan Program | How to apply for Rs 10000 to Rs 5 million loans (Youth Program)

Kamyab Jawan Program | How to apply for Rs 10000 to Rs 5 million loans (Youth Program)

Prime Minister Imran Khan Niazi has launched a “successful youth program” for the well-being of youth across the country on 17th, October 2019. Over this Successful Youth Program, the government purpose to open the doors to the economic and economic empowerment of young people.
The Prime Minister (Imran Khan Niazi) said that 100 billion rupees have been assigned for youth loans under the ‘’Kamyab Jawan’’ program. Prime Minister declared that loans of up to one lakh rupees would be interest-free, while loans from two other categories would be privileged loans.


More New and Old programs include the "Skill for All Program" and "Startup Pakistan Program" and "Green Youth  Movement" the "Internship Program" & "Jawan Markaz".


(Youth Program) Kamyab Jawan Loans Program Apply Online | ShakirJobs.Com
(Youth Program) Kamyab Jawan Loans Program Apply Online | ShakirJobs.Com


Youth Entrepreneurship Scheme (Kamyab Jawan) Program

The scheme visualizes "Hunar sy Karobar Tak" and where the youth will be graduated from basic assets transfer to interest-free loans to micro and then finally small loans as shown in the graph.

Kamyab Jawan Program: Loans from Rs 10,000 Rs 100,000 will be without interest and will be distributed on primacy basis in 45 underprivileged districts of Pakistan Provinces.
Kamyab Jawan Program (Successful Youth Program)—has been launched in Pakistan in order to deliver self-employment chances to the unemployed youth of the county.

Rs 100 billion will be provided the Kamyab Jawan Program, as loans among the youth for their business ventures in five years. This program will benefit over one million youth, it is estimated.

The complete detail regarding Kamyab Jawan Program (Successful Youth Program) by Prime Minister Imran Khan describe below fully eligibility criteria and completely application process.

Who are eligible for Kamyab Jawan Program:

All Male/Female/Transgenders having Pakistani CNIC, aged between 21 and 45 years with an entrepreneurial perspective. For IT/E-Commerce associated businesses, the lower age limit will be 18 years.
Small Enterprises (startups and existing businesses) as per the definition of SBP and owned by youth as per the above-mentioned age brackets.

For E-Commerce and (IT) Information Technology related businesses, at least matriculation and/or experience of at least 6 months will be required

Features of Kamyab Jawan program / Youth Entrepreneurship Scheme

➧Interest-free loans from PKR: 10,000 to 100,000
➧Micro Loans of Rs. 100,000 to Rs. 5,000,000
➧Small Loans 500,000 to 5 Million
➧Payback in eight years
➧25% quota for women
➧Also available for 18 years of youth working in IT/E-commerce industry
➧25,000 Internships

Bank Named for Successful Youth Program:


  • In the first phase, loans will be made through the following banks.
  • National Bank of Pakistan (NBP),
  • Bank of Punjab
  • Bank of Khyber
  • The NBP will continue to play a central role. NBP’s share of up to 50% in distributed loans.
  • Later, other commercial banks will also be asked to participate in the program through the State Bank.

Loan Amount:

  • The loan amount has been separated into two levels, such as:
  • Tier 1 (T1) Loans – Rs. 0.5 million
  • Tier 2 (T2) loans over 0.5 million and up to Rs 5 lakh

Loan terms:

  • Up to 8 years with a maximum grace period of one year.
  • Debt to equity ratio
  • T1 loan – 90:10
  • T2 loan – 80: 20
  • Lenders’ equity contribution will be in the form of cash or real estate and will be required after the loan is approved.

Security Requirements for Loan:

The security measures will be as follows:
  • For loans less than or equal to Rs. 500,000 (Tier-1), no collateral is required.
  • For loans greater than Rs. 5 Million or 500,000 (Tier-2) any bankable collateral giving to the bank is required for Youth. The tier-2 loans decision on collateral for rests with the selecting banks. However, these may include the following:
  • Mortgage of Applicant Property (Residential/ Commercial/ Agricultural etc.)
  • Mortgage of Third Party Property Residential/ Commercial etc.)
  • Hire purchase of vehicles (Joint registration)
  • Securities/certificate Lien on marketable of deposits/ national savings certificates etc.)
  • Current and fixed Hypothecation of assets including stocks and receivables
  • Pledge of gold ornaments
  • Joint-stock companies Registered charge on business assets in case
  • Third-party guarantees

Fees & Charges to Apply:

  • Processing Fee: Rs. 100
  • Other Charges: At Actuals
  • payable by only successful applicants Charges of all sorts will only
  • Sectors and Products under Successful Young Loan Scheme
  • All fields SMEDA Standard schemes projects designed or projects created by private sector service providers or individuals will be acceptable to themselves.


How to Apply Kamyab Jawan Program (Successful Youth Program):

  1. Applicants (aged 21 to 45 years) can submit their forms for the loan online. No physical application form is required. All applications are to be submitted online.
  2. Enter the exact CNIC and its issuance date, otherwise, your application will not be submitted.
  3. Provide the required information in all sections. All sections are mandatory.
  4. The nearest branch selected bank located to your filling form address will be automatically selected & through mobile SMS will be delivered to your provided Mobile number with confirmation of application submission & details bank nearest branch.






Guidance for online application Kamyab Jawan Program


The SMEDA has created for help desks to guide any issue & youth in the process of application submission.
Besides, you can contact the nearest branches of the above-mentioned banks for guidance and assistance.
Al the candidates are advised to fill out the application form correctly and with greatest care, save the filled out form before submission and proofread the whole form for accuracy and correctness and then submit the form as you cannot make corrections after an application is submitted.
For Online Apply will be No documents are required.
All applying candidate terms and conditions of the scheme will be strictly following SBP regulations and relevant laws and rules on merit and as per the credit policies of the participating bank.

 Kamyab Jawan Program: How to apply for Rs 10000 to Rs 5 million loans (Youth Program) Kamyab Jawan Program To Empower Youth: Shahzad Gul - UrduPoint Kamyab Jawan Program: How to apply for Rs 10000 Kamyab Jawan - The Bank of Punjab How to apply to PM's Kamyab Jawan programme for interest Kamyab Jawan www.youth.pmo.gov.pk Kamyab Jawan Youth Entrepreneurship Scheme - SMEDA Kamyab Jawan FAQs - SMEDA How to apply online for Kamyab Jawan Programme - Pakistan Kamyab Jawan: Youth Empowerment Programme | UNDP
(Youth Program) Kamyab Jawan Loans Program Apply Online | ShakirJobs.Com

Tags:


Kamyab Jawan Program: How to apply for Rs 10000 to Rs 5 million loans (Youth Program)
Kamyab Jawan Program To Empower Youth: Shahzad Gul - UrduPoint
Kamyab Jawan Program: How to apply for Rs 10000
Kamyab Jawan - The Bank of Punjab
How to apply to PM's Kamyab Jawan programme for interest
Kamyab Jawan
(Youth Program) Kamyab Jawan Loans Program Apply Online | ShakirJobs.Com
www.youth.pmo.gov.pk
Kamyab Jawan Youth Entrepreneurship Scheme - SMEDA
Kamyab Jawan FAQs - SMEDA
How to apply online for Kamyab Jawan Programme - Pakistan
Kamyab Jawan: Youth Empowerment Programme | UNDP

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