Kamyab Jawan Program Prime Minister Of Pakistan Imran Khan Youth Initiative

 

Prime Minister’s Kamyab Jawan – Youth Entrepreneurship Scheme (YES)

In order to uplift the youth of the country by offering opportunities to utilize their entrepreneurial potential to the fullest, the Government of Pakistan has re-opened the applications under Kamyab Jawan - Youth Entrepreneurship Scheme for the provision of subsidized business loans.
All eligible persons can apply for the loan by visiting Kamyab Jawan Portal at https://www.kamyabjawan.gov.pk/BankForm/newApplicantForm. No other mode of application submission other than through a designated online portal is acceptable.

Salient Features of Youth Entrepreneurship Scheme
Age	Age between 21 to 45 Years as per CNIC at the time of application submission. For IT/E-Commerce related businesses, the lower age limit is 18 years, holding at least minimum Matric or equivalent education.
Gender	Men/Women/Transgender
Type of Businesses	Small and Medium Enterprises (startups and existing businesses) as per definition of SBP and owned by youth as per above-mentioned age brackets.
Loan Size, Pricing & Security	Tier Loan Amount Pricing Security T-I Rs. 0.1 M to Rs. 1 M 3% per annum Clean loan T-II Above Rs. 1 M up to Rs 10 M 4% per annum Secured loan T-III Above Rs. 10 M up to Rs 25 M 5% per annum Secured loan
Purpose of Loan	Setting up of New Business Expansion of Existing Business
Equity	For New Business: T-I: 10% T-II & T-III: 20% For Existing Businesses: NIL
Sectors	All sectors including agriculture
Loan Type	Long Term Loan Working Capital Loan Leasing/financing of locally manufactured vehicles. Only one vehicle per borrower is allowed.
Loan Tenor	Up to 8 Years with Maximum Grace Period of up to 1 Year
Loan Repayment	Based on Equal Monthly Installment (EMI) payable on the 1st of every month
Fees & Charges	Processing Fee: Rs. 100 Other Charges: At Actuals

Documentation Requirement

The applicant must have pictures / scanned copies of the following documents, whichever relevant, before starting their application:
1. Clear Visible Picture
2. CNIC – Front and Back separately
3. Educational Degree, upload the highest degree
4. Technical Degree, upload relevant to the business applied for
5. Proof of Artisanship / Skilled Labor, if available
6. Experience Certificates, preferably all
7. License, if applicable e.g. for the commercial vehicle, medical store, etc. In case you have applied for the license upload the receipt exhibiting the same.
8. NTN and Latest Tax return, we recommend getting NTN issued before filing an application
9. Reference / Consumer Number of Electricity connection Installed at Residential address
10. Business Feasibility / Estimates of actual/expected business revenues and expenses
11. A brief business write-up
12. Any other source of income e.g. foreign remittance, salary income, agriculture income, etc.
13. Registration number of any vehicle registered in your name or in parents' name in case of females.
14. Two References CNICs
15. Entity Existence documents in case of Partnership / limited company and relevant approvals.

Additional Documents for Existing Business:

1. Latest Financials – Signed
2. Recommendation Letter from Chamber / Trade Body / Union / Association
3. Reference / Consumer Number of Electricity connection Installed at the business address
4. Bank Account Statement or Bank Maintenance Certificate

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