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.
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
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.
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