Kamyab Jawan program 2023 Prime Minister Imran Khan launched the Kamyab Jawan program, providing educational skills and civil society opportunities for young Pakistanis.
The Kamyab Jawan The completed business agenda called “youth engagement” promotes career opportunities and the growth of small and medium businesses 100 billion over five years.
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The Youth Entrepreneurship Program provides affordable corporate loans to young entrepreneurs to support the SME sector in six Kamyab Jawab flagship projects.
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Kamyab Jawan program 2023
No interest is given on the loans. Loans can be used to start a new business or grow an existing business. The program was developed with the assistance of three Directorates-General:
- Pakistan Poverty Reduction Fund (PPAF)
- National Bank of Pakistan (SBP)
- Small and Medium-sized Enterprises Authority (SMEDA)
The Punjab State Bank works together with the three largest banks
- National Bank of Pakistan
- Bank of Punjab
- Khyber Bank
Eligibility Requirements:
- For men/women/transgender people with CNIC creative age groups 21-45 years old. The minimum age for companies involved in IT / e-commerce is 18 years.
- According to the age limits listed above, all enterprises are defined by the SBP and owned by young people (start-ups and existing enterprises).
- For IT / eCommerce companies, it requires imagination and at least six months of experience.
25% of loans go to women.
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Loan type:
- working capital loans
- term Loans
Loan period:
1 – 8 years, full extension up to 1 year
Debt to quality ratio:
T1 loans – 90:10 T2 loans – 80:20 pricing: T1 loans: Fixed @ 6% per annumT2 loans: Fixed @ 8% per annum Dues%:
- Rs. 100 as a processing fee
- Some other fees
How to apply:
- The application form is available from the mentioned banks for the Kamyab Jawan program 2023.
- The form is available in both English and Urdu and needs the necessary information in a simple format.
- Fill in the form and send it to the same bank where you received the form.
- It takes up to 15 days to process the application form.
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Visit the Official Site! Kamyab Jawan program
Visit the official site for Kamyab Jawan Program 2023 Portal. After this, follow a few simple steps to apply for the loan.
Then press/Apply for a loan as mention below in snap for your help
A form will appear in the next window. Click OK to continue. A disclaimer will be engraved on it. Go through it carefully and prepare accordingly:
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