Lahore (18th Oct, 2019): All men and women of with National CNIC, age between 18 and 45 years can have this opportunity.
For the very first time in Pakistan Prime Minister Imran Khan has launched “Kamyab Jawan Program” for development of the youth.
This emerging platform will guid young generation of Pakistan to create opportunities and open doors for economic financial empowerment.
All the men and women of Pakistan, between age 18 to 45 with their CNC can apply for this program.
The youth loan distributed by the banks under the program will be between Rs.100,000 to Rs.5,000,000.
Banks
Following banks can help for the execution of the youth program.
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National Bank of Pakistan (NBP)
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Bank of Punjab
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Bank of Khyber
Eligibility Criteria
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“All men/women should have 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.
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Small enterprises (startups and existing businesses) as per definition of SBP and owned by youth as per above-mentioned age brackets are also eligible.
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For IT/E-Commerce related businesses, candidate must have at least matriculation and/or experience of at least six months”.
Loan Size
Loan size is separated into two categories
Category one loans- Rs 1 lac to Rs5 lac
Catagory two loans- Rs 5 lac to Rs50 lac
Loan Period
Up to 8 years with a maximum grace period of up to one year.
Debt to Equity Ratio
Category one loans- 90:10
Category two loans- 80: 20
Security Requirements
Catagory one loans- One personal guarantee of the borrower.
Catagory two loans- As per bank’s own credit policy
Application Form
The Form can filled in both English and Urdu and require minimum basic and necessary information with a simple format.
The forms will be available in bank branches and on websites of the banks mentioned. A non-refundable form-processing fee will be Rs.100.
ONLINE APPLICATION FORM:https://yes.kamyabjawan.gov.pk/BankForm/ApplicantForm
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