Monday, 21 October 2019

HOW TO APPLY PRIME MINISTER IMRAN KHAN KAMYAB JAWAN SCHEME FOR YOUTH OF PAKISTAN INTEREST FREE LOAN

Posted by

Prime Minister Imran khan Launched Kamyab Jawan Youth Entrepreneurship Scheme across the country. it provide self-employment opportunities to the unemployed youth of Pakistan .
The Program consist of Six scheme is target citizens of Pakistan between age 21 to 45.
Loans will be provided between Rs10,000 to Rs5,000,000 by the banks, benefiting an estimated over one million Pakistani youth.
The (NBP) National Bank of Pakistan will play a vital role in Starting the Program. Loans will also be distributed through the Bank of Khyber. And Bank of Punjab.
HOW TO APPLY PRIME MINISTER IMRAN KHAN KAMYAB JAWAN SCHEME FOR YOUTH OF PAKISTAN INTEREST FREE LOAN

Eligibility Criteria


·         All Pakistani Nationals holding valid CNIC, aged between 21 and 45 years with entrepreneurial potential are eligible.

·          For IT/ E-Commerce related businesses, the lower age limit will be 18 years.
·         Small enterprises spanning across all business sectors (startups and existing businesses) as per definition of State Bank of Pakistan and owned by youth as per above mentioned age brackets are also eligible. For IT/E-Commerce related businesses, at least matriculation and/or experience of at least six month is required.

Loan Period 


The maximum tenor of the loan is eight years, including one year's grace period

Pricing


Loans from Rs10,000, Rs100,000 will be without interest and will be distributed on priority basis in 45 under privileged districts of Pakistan.
For loans less than or equal to Rs500,000 (Tier-1), the markup rate will 6% per annum.
The markup rate will be 8% per annum for loans greater than Rs500,000 (Tier-2).

HOW TO APPLY KHAN KAMYAB JAWAN SCHEME 

you can apply online through this link 

https://yes.kamyabjawan.gov.pk/BankForm/ApplicantForm

Security requirements


  • Tier-1 loan (less than or equal to Rs500,000): Personal guarantee of the borrower. No collateral is required.
  • Tier-2 loan (greater than Rs500,000): As per the bank's own credit policy
The government will pay the difference of the cost of KIBOR + 500 bps.



0 comments:

Post a Comment