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Kamyab Jawan kamyab Pakistan Prime Minister’s Youth Entrepreneurship Scheme (YES)
Kamyab Jawan kamyab background.
This is the best step by the Prime Minister of Pakistan, he has thought of loan relief for Pakistani youths. This will benefit the young people of the nation, interest-free loans are going away, The name of this scheme “Kamyab Jawan kamyab Pakistan ” This will strengthen the young generation economically. Economic condition of Pakistan will improve. People should do their own business.
Complete information is given in this article.
In line with Government of Pakistan’s vision, Meezan Bank offers the Kamyab Jawan financing scheme for youth entrepreneurs. Eligible persons can apply for the said financing only through the Kamyab Jawan Portal: www.kamyabjawan.gov.pk.
Government of Pakistan, recognizing the financial needs of youth entrepreneurs and SME business has introduced the “Prime Minister’s Kamyab Jawan – Youth Entrepreneurial Scheme (PMKJ – YES)”. This financing scheme will provide youth with affordable financing for establishing new and build up existing SME businesses. As per directives of Government of Pakistan, 25% of the financing will go to female customers.
Eligibility Criteria
All citizens of Pakistan holding CNIC, aged between 21 and 45 years with up-and-coming likely are eligible. For IT/E-Commerce related businesses, the lower age limit will be 18 years.
Above age limit condition is applicable on individual and sole proprietors. In case of all other forms of business including partnership and companies, only one of the owners, partners or directors must be in the age bracket prescribed above.
New & established SME businesses from all sectors (including agriculture) can avail fresh financing.
Financing Tiers
| Tier | Financing Amount (PKR) | Customer Profit Rate | Security | Minimum Equity or Down Payment* |
| Tier – I | 0.1M to 1M | 3% p.a. | Clean | 10% |
| Tier – II | Above 1M to 10M | 4% p.a. | Collateralized | 20% |
| Tier– III | Above 10M to 25M | 5% p.a. | Collateralized | 20% |
How to Apply
- Choose ‘Meezan Bank’ while selecting the bank
- Apply through Government’s portal
- Meezan Bank upon receiving the request will start initial screening of provided information.
- Applicant will be invited for interview and assessment on case-to-case basis.
- The Bank will evaluate the entrepreneurial potential based on its financing policy and assessment criteria.
- Verifications will be conducted by the Bank for assessment and ongoing monitoring of the financing’s utilization, through a robust independent verification mechanism.
- Financing would be provided for purchase of Asset/Inventory to successful customers as per the guidelines of Shariah.
- Financing will be approved/rejected as per profile of the customer and his/her eligibility according to Government’s scheme & Bank’s financing policy. Decision will be communicated to customer through SMS on provided number.
