Prime Minister Kamyab Jawan Loan Program 2019 | How To Apply

Prime Minister Imran Khan launched the “Kamyab Jawan Program” which offers Pakistani youth a range of education, skills training, and civic engagement opportunities.

The ‘Kamyab Jawan Program’ which means ‘successful youth’, will not only provide job opportunities but also accelerate the growth of small and medium-sized businesses by offering youth loans worth Rs. 100 billion over five years.

The ‘Youth Entrepreneurship Scheme’ will provide affordable business loans to young eager entrepreneurs to support the SME sector across six flagship projects under the Kamyab Jawab program.

Kamyab Jawan Program:

The loans will be provided with no interest. Loans can be used to set a new company or to grow an existing business. The program developed with the assistance of three main departments:

  • Pakistan Poverty Alleviation Fund (PPAF)
  • State Bank of Pakistan (SBP)
  • Small and Medium Enterprise Authority (SMEDA)

The state bank of Punjab will work along with three major banks namely

  • National Bank of Pakistan
  • Bank of Punjab
  • Bank of Khyber

Eligibility Criteria:

  • For men/women/transgender keeping CNIC with creative ability between the ages 21 and 45. The lower age limit for IT / E-Commerce related businesses is 18 years.
  • All enterprises (start-ups and current enterprises) as specified by SBP and owned by young people in accordance with the age brackets listed above.
  • For IT / E-Commerce related companies, it will take Matriculation and minimum of 6 months’ experience.

SEE ALSO: Punjab E-Rozgaar Program 2019

For women:

25% of the loans will go to women.

Loan Type:

  • Working Capital Loans
  • Term Loans

Loan Tenor:

1 to 8 years with a full grace period of up to 1 year

 

Loan Size and security:

Loan Size and SecurityLoan AmountSecurity Requirement
Tier I (T-1)Rs. 100,000/- to Rs. 500,000/-Clean lone, only personal guarantee of the borrower
Tier II (T-II)Rs. 500,001/- to Rs. 5,000,000/-
  1. Commercial vehicle
  2. Gold Ornaments
  3. Government Securities
  4. Mortgage of property

 

Debt to Quality Ratio:

T1 loans- 90: 10 

T2 loans- 80: 20 

Pricing:

T1 loans: Fixed @ 6% per annum

T2 loans: Fixed @ 8% per annum

Fees % Charges:

  • Rs. 100 as processing fee
  • Some other charges

How to apply: 

  • An application form will be available in the mentioned banks. A non-refundable processing fee will be charged for the application form.
  • The form will be available in both English and Urdu and will require necessary information in a simple format.
  • Fill in the provided form and submit in the same branch of the bank from where you got that form.
  • It will take up to 15 days for the process of the application form.

SEE ALSO: Pakistan Post Internship Program 2019 PM Youth Internship 

Apply for the “Kamyab Jawan Program” immediately so that you don’t get late. Do share this post with your friends with whom you have planned to start your own business. We urge you to keep visiting F.Sc Online for updates and the latest news.

See Also: PAEC Latest Jobs

Categories: News/Updates

86 Comments

      • 1973 year ka option nai hai kiu or kiya mazoor jo hai jismani un k liye b hai meri agr 1973 year sy strat hai or mazoor b hu jismani apna karobar karna chata hu kiya mujhy mil saky ga. Wasy milna to mushkil hai bahot pir b agr koi bata dy to mery email par tafseel likh kar bejh dy. Thanx habib
        Email.
        [email protected]

        Reply
  1. Sir mana loen k Lia apply Kia jab application submit Kia Wo loen hoti rahi bad MA loddind hoti rahi or try later aha Gia.. Ab dusra apply kr ra ho to aha ra Han k cnic already use

    Reply
    • Hey Ahmed Ray!
      You can apply for loan only for once. if you have applied you might wait for it to load completely. Refresh the page again and again.
      Thank You!

      Reply
  2. Ray Muhammad Ahmed

    Sir mana loen k Lia apply Kia jab application submit Kia Wo load hoti rahi bad MA loddind hoti rahi or try later aha Gia.. Ab dubra apply kr ra ho to aha ra Han k cnic already use

    Reply
    • Hey Andeela!
      It takes a little time to process the applications so wait and be patient you will receive your confirmation message.
      Thank You!

      Reply
  3. 1973 year ka option nai hai kiu or kiya mazoor jo hai jismani un k liye b hai meri agr 1973 year sy strat hai or mazoor b hu jismani apna karobar karna chata hu kiya mujhy mil saky ga. Wasy milna to mushkil hai bahot pir b agr koi bata dy to mery email par tafseel likh kar bejh dy. Thanx habib
    Email.
    [email protected]

    Reply
  4. Dear unfortunately mene galat bhara hua form submit kar dia kia ye abhe edit ho sakta hai kamyab jawan loan application form

    Reply
  5. Sir i Have Filled application but still i don`t get any recived massage. sir i think i filled application so that i wrote my number wrong in hurry maybe i am not confirm bcoz i filled form in hurry so that sir i want to ask you that is this create a issue mobile numbr or not please sir guide me i am in tention.

    Reply
  6. sir mane 8 year baja 1 year likh diya galate se kiya ye wapis ho sakta he change ho sakta he ya bank wale se change ho sakta he ya or koi solution he plz help me

    Reply
    • Hey Amir!
      The last date is not mentioned by the Government also it is a loan scheme so it can be availed at any time.
      Thank You!

      Reply
  7. AOA, mein loan apply karna chahta ho, lakin website par aa raha hai k , first hase ki loan applications pori ho chuki hein , plz guide me dobara applications kab ayen gi

    Reply
  8. I have filled the form online, but where i can submitted the fee of 100 rupees. is it necessary?? or just online form is enough for this?

    Reply
  9. i have visited the bank for the info the lady informed me that the scheme has been expired. do anyone reconfirm me is that correct or not?
    any resource person here

    Reply
    • Hey Sonia!
      The expiry date was not mentioned by the authority so maybe this is true that the scheme has been expired.
      Thank You!

      Reply

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