Prime Minister Imran Khan Kamyab Jawan Program Eligibility Criteria & Application Form
PRIME Minister Imran Khan has approved the ‘Prime Minister’s Kamyab Jawan Programme’ to help realize the vision of the Government for the empowerment and well-being of the youth. Under the program, besides the provision of opportunities to youth for education, initiatives will be taken to impart them various skills and also nurture their abilities to find jobs
Levels of kamyab Jawan program 2019
There are Three Levels of Kamyab Jawan Program.
1-Interest free Loans
2-Micro concessionary Loans without collateral
3-Small concessionary Loans with collateral
mall enterprises stimulate economic growth by providing employment opportunities, fostering innovation and reducing income inequalities. Lack of adequate financing facilities from formal sources is one of the key challenges faced by small enterprises and youth entrepreneurs. The government of Pakistan is cognizant of this situation and is fully committed to enabling youth to avail of affordable financing from banks for establishing a new business or strengthening their existing business.
Prime Minister’s Loan Scheme; Procedures for obtaining loans for youth, Application forms can be obtained from the branches and websites of National Bank, Bank of Punjab and Bank of Khyber
Youth Business Loan Scheme. Youth Business Loan Scheme to be revamped as Kamyab Jawan Programme to create 1 Million jobs for youth in the next five years. This youth program will create an environment in a country that facilitates youth in taking the next big step of their lives. With its explicit focus on education, empowerment & engagement it will create the leaders of the future.
In order to provide self-employment opportunities to unemployed youth, the Government of Pakistan is launching Prime Minister’s Kamyab Jawan SME Lending Program across the country. The government of Pakistan shall provide mark-up and credit loss subsidy on small business loans in the range of Rs. 100,000 to Rs. 5,000,000 disbursed by banks under the program. The key features of the Program as approved by the Prime Minister are reproduced below:
State Bank has initiated a mechanism for obtaining loans under the Prime Minister’s Successful Young SME Landing Program, a simple loan for youth small business on easy terms. According to the State Bank, loan application forms can be obtained from branches and websites of the National Bank, Bank of Punjab and Bank of Khyber. Banks are also instructed to enter their toll-free numbers on the application form to guide the youngsters in their business. The issuance of application forms will be initiated by the Prime Minister immediately after the official opening of the program. Under this program, young people can get loans of up to one million to 5 million from banks for their business, on which interest will be paid by the government and will also bear the burden of recovering the losses on the loan. Under the program, men and women aged 21 to 45 with a computerized ID card can get a loan to start their business. There is a special age limit for IT and e-commerce and young people under the age of 18 can benefit from this scheme for e-commerce or IT related businesses.
There are two grades in terms of the loan worth under the program, ranging from Rs 1 lakh to Rs 5 lakh in the first level and loans of up to Rs 5 lakh to Rs 5 lakh can be obtained for the business in the second category. These loans will be given in the form of Working Capital and Term Loans, which have a term of 8 years which will be extended to one year. For first-class business, youths have to invest 10% of their investment, while for the second class business, youths have to provide 20% capital. The quota for women has been set at 25% for loans. Loans ranging from Rs 1 lakh to Rs 5 lakh will be provided on a personal guarantee. The federal government will pay 50% on small loans and 10% on large loans in case of debt sinking. Under the National Bank of Pakistan program, 50% of the loans will be issued and the remaining loans will be issued under the supervision and consultation of Bank of Punjab and Bank of Khyber State Bank.
The State Bank has also called on other commercial banks to be part of the program. Under this program, loans will be issued for schemes that meet the criteria set by the Small and Medium Enterprise Development Authority, as well as for projects designed by the private sector. Processing of loan applications will be completed within 15 days, this program can be loaned for new business as well as an expansion of the already existing business.
All men/women holding 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 (startups and existing businesses) as per the definition of SBP and owned by youth as per the above-mentioned age brackets are also eligible. For IT/E-Commerce related businesses, at least matriculation and/or experience of at least six months.
Details are given here.
وزیراعظم عمران خان کے کامیاب جوان قرضہ پروگرام کی مکمل تفصیل
Size of the loan is segregated into two tiers, as under:
Tier 1 (T1) loans- Rs 100,000 to Rs. 0.5 million
Tier 2 (T2) loans- Above Rs 0.5 million and up to Rs 5 million
Working capital loans and term loans
Up to 8 years with a maximum grace period of up to one year.
Debt to Equity ratio
T1 loans- 90:10
T2 loans- 80: 20
The borrower’s contribution of equity would be in the form of cash or immovable property and will be required after approval of the loan.
Focus on Women
25% of the loans will go to women borrowers.
Security arrangements will be as under:
T1 loans: Clean, however, only personal guarantee of the borrower
T2 loans: As per bank’s own credit policy
The government will bear credit losses (principal portion only) on the disbursed portfolio of the banks as under:
T1 loans: Upto 50%
T2 loans: Upto 10%
Allocation in Budget
Finance Division shall allocate funds in each fiscal year’s budget as per estimates provided by SBP. Payment will be made on the submission of consolidated claims of all the banks by the SBP.
Pricing for Working Capital & Term Loans:
T1 loans: 6% p.a. fixed for the borrower. The government will pay the difference of the cost at KIBOR+500bps
T2 loans: 8% p.a. fixed for the borrower. The government will pay the difference of the cost at KIBOR+400bps
In the first instance, the National Bank of Pakistan (NBP), Bank of Punjab and Bank of Khyber will execute the program under the guidance and supervision of State Bank of Pakistan. Subsequently, SBP will also advise other commercial banks for participation in the program.
NBP will continue to play the lead role. NBP’s share in total disbursed loans will be up to 50%.
Sectors and Products
All sectors. Standardized schemes/ projects/ undertakings designed by SMEDA, or projects designed by private sector service providers or by individuals, themselves will also be admissible.
The Form would be both in English and Urdu and require minimum essential information with a simple format.
The processing time will not exceed 15 days and will be stated clearly in the application form.
The forms would be readily available both in branches and through dedicated websites of the banks. A non-refundable form processing fee will be Rs. 100 (Rupee One Hundred Only).
SBP will publish consolidated information about the loans extended under this program for information of the public on a quarterly basis on its website.
The whole of Pakistan. In the case of Balochistan, at least one branch of NBP will be designated per Division. All non-designated NBP branches will also provide and receive filled application forms and dispatch them to the nearest branches.
Executing Agencies (EAs) under this program should ensure the following additional measures:
Criteria for assessing entrepreneurial potential should be developed and implemented.
In the case of loans for existing businesses, a robust independent verification mechanism may be introduced to ensure the proper utilization of the loans. Further, for new businesses, a robust mechanism for ongoing monitoring of the loans’ utilization should be developed and implemented
A mechanism must be introduced to ensure that the prescribed debt-equity ratio has been maintained. Before disbursement of the loans, it should be ensured that the equity is deposited in the bank from the borrower’s own sources where the equity mechanism is in the form of cash.
The banks are advised to gear up their systems for the successful implementation of this program and to avoid any misuse of the program.
Loan Application Forms will be available both in branches and through dedicated websites of the National Bank of Pakistan, Bank of Punjab and Bank of Khyber. The standard loan application form is enclosed at Annexure-1. The banks are advised to mention their toll-free number in the loan application form for the facilitation of youth entrepreneurs. Eligible borrowers may apply for the loans immediately after the formal launch of the program by the Prime Minister.
The banks are also advised that with the launch of Prime Minister’s Kamyab SME Lending Program, Prime Minister’s Youth Business Loan (PMYBL) scheme would cease to exist.
The application form can be submitted online directly only to the successful web portal. Prime Minister’s successful youth program to bring youth into the mainstream. The goal of enlightening through job opportunities and vocational training is to reach the finish.
How to apply to PM’s Kamyab Jawan program for interest-free loans:
Youth can apply for the PM Kamyab Jawan program through the web portal www.kamyabjawan.gov.pk. Please enter the exact CNIC and its Issue Date, otherwise, your application will not be submitted due to Verification. All the data submitted through this form will not assure the approval of the bank loans unless you fulfill the eligibility criteria i.e. concerned bank’s assessment standards.
وزیراعظم کامیاب جوان پروگرام
اس پروگرام کی شفافیت اور نوجوانوں کیلئے معلومات تک رسائی کو یقینی بنانے کے لیے مندرجہ ذیل آن لائن ڈیجیٹل پلیٹ فارم بنایا گیا ہے۔
Pakistan Citizen Portal Application for Help and complain about this Programs
THIS FORM IS FREE OF COST. NO PAYMENT SHOULD BE MADE.
Federal Cabinet approves Kamyab Jawan Program. The Federal Cabinet has approved Kamyab Jawan Program to economically empower youth. This was announced during a media briefing by Prime Minister’s Special Assistant on Information and Broadcasting Dr. Firdous Ashiq Awan in Islamabad kamyab jawan program Details:
Under the program, youth can get a loan from 100,000 to five million rupees in two categories. under the first category banks will provide loan up to 500,000 rupees at six percent mark-up with lending equity of 10 percent of the amount applied. Under the second category, an applicant can get a loan up to five million rupees at a mark-up of eight percent and an equity ratio of 20 percent.
The following banks have been approached by government officials:
State Bank of Pakistan
National Bank of Pakistan
The Bank of Punjab
the Bank of Khyber
Prime Minister’s National Internship program to empower young people with skills, training, and access to finance.
The Kamyab Jawan Programme is part of the Prime Minister’s Youth Programme. The program is meant to create one million job opportunities through the Small and Medium Enterprises (SME) sector which would economically empower youth. Important Information & Instructions
Please provide the required information in all sections. All sections are mandatory
All completed and submitted applications shall be processed within 15 working days
For all Complaints, Enquiries, or Facilitation please visit www.pmo.gov.pk
Prime Minister’s Kamyab Jawan SME Lending Program:
Prime Minister Imran Khan had mainly accepted the ‘Prime Minister’s Kamyab Jawan program’ to empower the country’s youth through many institutional mechanisms like national youth council, employment database, and exchange platform as well as business loans and internship programs. Kamyab Jawan Program would include numerous programs meant at creating education and job opportunities and skills development to utilize youth’s capabilities constructively.
Kamyab Jawan Program integrated Youth Economic Development Empowerment Program, PM Green Youth Movement, PM Startup Pakistan, Internship Program, Hunermand Program, and Kamyab Jawan Employment Exchange Program.
Interest free loan
Merit basis loan
وزیراعظم “کامیاب جوان” پروگرام کے تحت قرضہ حاصل کرنے کے بارے مفصل تفصیلات
وزیراعظم کامیاب جوان پروگرام کے تحت 6 مقررہ اہداف
– پسماندہ یوتھ کو قومی دھارے میں لانا
– روزگار اور معاشی با اختیاری
– شہریوں کو مصروف عمل کرنا
– سماجی تحفظ دینا
– صحت اور تندرستی
– نوجوانوں پرمرتکزادارہ جاتی اصلاحات