Kamyab Jawan Youth Entrepreneurship Scheme (YES)

Introduction

Prime Minister’s ‘Kamyab Jawan – Youth Entrepreneurship Scheme’ (YES), for young entrepreneurs and existing SME businesses, is designed to provide subsidized financing for unleashing the entrepreneurial potential of youth and creating employment opportunities.

Eligible to Apply

  1. All Pakistani CNIC holders aged between 21 years to 45 years (for IT professionals aged between 18 years to 45 years)
  2. All existing Small and Medium Enterprises

Not Eligible to Apply

  1. Government employees
  2. Employees of the bank who is issuing this loan
  3. Politicalically exposed people (person involved in politics)
  4. Person who is already availing a loan under this scheme
  5. Person whose application is rejected earlier under this scheme

Documents / Information Required

If you are applying for new business

If you are applying for your already existing business

  1. Passport Size Picture
  2. CNIC – Front Side
  3. CNIC – Back Side
  4. CNIC details of your father/guardian/husband
  5. Latest Educational degree/certificate, if and whichever applicable: Matric, Intermediate, Bachelors, Masters, Ph.D. etc.
  6. Experience certificate(s), if applicable
  7. Registration number of any vehicle registered in your name, if applicable. with a scanned image of its registration number plate
  8. Feasibility report
  9. Consumer ID of Electricity bill of your current address. (NITB to link the image of where consumer ID is written on electricity bill)
  10. Name, CNIC and Mobile numbers of Two References other than Blood relatives.
  11. Primary mobile no. registered in your name
  12. Secondary Mobile no.
  13. Security/guarantee, if applicable
  14. An estimate of Monthly business income, business expenses, household expenses and other income should be available with you
  1. Passport Size Picture
  2. CNIC – Front Side
  3. CNIC – Back Side
  4. CNIC details of your father/guardian/husband
  5. Latest Educational degree/certificate, if and whichever applicable: Matric, Intermediate, Bachelors, Masters, Ph.D. etc.
  6. Experience certificate(s), if applicable
  7. Registration number of any vehicle registered in your name, if applicable. with a scanned image of its registration number plate
  8. Feasibility report
  9. Consumer ID of Electricity bill of your current address. (NITB to link the image of where consumer ID is written on electricity bill)
  10. Name, CNIC and Mobile numbers of Two References other than Blood relatives.
  11. Primary mobile no. registered in your name
  12. Secondary Mobile no.
  13. Security/guarantee, if applicable
  14. License / Registration with Chamber or Trade Body, if applicable
  15. Recommendation Letter from respective chamber/trade body or Union
  16. Latest income tax return
  17. Business license or registration number
  18. 3 years bank statement
  19. Consumer ID of Electricity bill of your current office address
  20. NTN of Business
  21. Actual Monthly business income, business expenses, household expenses and other income

Application Process

  1. Apply online at https://kamyabjawan.gov.pk/BankForm/newApplicantForm 
  2. Note down your application no. which will also be shared at your provided primary mobile no.
  3. Acceptance or rejection of application message on your mobile
  4. If you received acceptance message then go to your selected bank for submitting documents and open a bank account
  5. On confirmation from bank, deposit your contribution/equity in your bank account
  6. Bank will deposit loan amount in same bank account
Time to complete the whole process is not mentioned but it is expected that the whole process may take 1 to 2 months.

Disclaimer

Information contained in this document is only for the guidance purposes and all the insights / commentary provided therein are the viewpoint of the ValYou which are developed considering a general perspective therefore, application of these guidelines in a particular scenario / case may produce incorrect results.

We tried our best to provide accurate information but there could be some errors or omissions therefore, we advise you to refer the original document / statute first before proceeding further.

Linkedin/Faceook

@usmanzafarandco

Email

connect@uzandco.com

Phone/Whatsapp

0318-8926326(uzandco)

7 thoughts on “Kamyab Jawan Youth Entrepreneurship Scheme (YES)”

    1. Usman Zafar & Co. Chartered Accountants

      due to a lot of applications, time kafi leg raha he…..wait kerrien approval ya rejection ka apko bataya jai ga

    1. Usman Zafar & Co. Chartered Accountants

      Yeas we provide guidance and prepare business feasibility/plan which is a requirement for applying for this loan

  1. Syed Roshan Ali Naqvi

    Good evening Miss mughey new house perchase karna Hai or main ne HBL se 300000 lone leya thaa es ki installment 10180 Hai jo main regular 17 months se pay Kar raha hun maire salary 46000 Hai.
    I need maximum lone. Is it possible for me.

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