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.
Loan Amount
- Category 1: Upto Rs. 10 Lac
- Category 2: 10 Lac to 1 Crore
- Category 3: 1 Crore to 2.5 Crore
Markup
- Category 1: 3%
- Category 2: 4%
- Category 3: 5%
Security/Guarnatee
- Category 1: No Security/Guarantee
- Category 2: Security/Guarantee Required
- Category 3: Security/Guarantee Required
Security/Guarantee: Vehicle, Land, Jewelry, Shares, Bonds, Certificates etc.
Own Contribution/Equity
- Category 1: Minimum 10% of total required investment for your business
- Category 2: Minimum 20% of total required investment for your business
- Category 3: Minimum 20% of total required investment for your business
Loan Period/Duration
- 8 years and repayment will be made on monthly, quarterly or annual basis
- Any time all outstanding loan amount can be paid in single payment (bullet payment)
Loan Purpose
Only for business use
Eligible to Apply
- All Pakistani CNIC holders aged between 21 years to 45 years (for IT professionals aged between 18 years to 45 years)
- All existing Small and Medium Enterprises
Not Eligible to Apply
- Government employees
- Employees of the bank who is issuing this loan
- Politicalically exposed people (person involved in politics)
- Person who is already availing a loan under this scheme
- 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
- Passport Size Picture
- CNIC – Front Side
- CNIC – Back Side
- CNIC details of your father/guardian/husband
- Latest Educational degree/certificate, if and whichever applicable: Matric, Intermediate, Bachelors, Masters, Ph.D. etc.
- Experience certificate(s), if applicable
- Registration number of any vehicle registered in your name, if applicable. with a scanned image of its registration number plate
- Feasibility report
- Consumer ID of Electricity bill of your current address. (NITB to link the image of where consumer ID is written on electricity bill)
- Name, CNIC and Mobile numbers of Two References other than Blood relatives.
- Primary mobile no. registered in your name
- Secondary Mobile no.
- Security/guarantee, if applicable
- An estimate of Monthly business income, business expenses, household expenses and other income should be available with you
- Passport Size Picture
- CNIC – Front Side
- CNIC – Back Side
- CNIC details of your father/guardian/husband
- Latest Educational degree/certificate, if and whichever applicable: Matric, Intermediate, Bachelors, Masters, Ph.D. etc.
- Experience certificate(s), if applicable
- Registration number of any vehicle registered in your name, if applicable. with a scanned image of its registration number plate
- Feasibility report
- Consumer ID of Electricity bill of your current address. (NITB to link the image of where consumer ID is written on electricity bill)
- Name, CNIC and Mobile numbers of Two References other than Blood relatives.
- Primary mobile no. registered in your name
- Secondary Mobile no.
- Security/guarantee, if applicable
- License / Registration with Chamber or Trade Body, if applicable
- Recommendation Letter from respective chamber/trade body or Union
- Latest income tax return
- Business license or registration number
- 3 years bank statement
- Consumer ID of Electricity bill of your current office address
- NTN of Business
- Actual Monthly business income, business expenses, household expenses and other income
Application Process
- Apply online at https://kamyabjawan.gov.pk/BankForm/newApplicantForm
- Note down your application no. which will also be shared at your provided primary mobile no.
- Acceptance or rejection of application message on your mobile
- If you received acceptance message then go to your selected bank for submitting documents and open a bank account
- On confirmation from bank, deposit your contribution/equity in your bank account
- 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.
For more details, please visit https://kamyabjawan.gov.pk/downloads/yes-faq.pdf
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
connect@uzandco.com
Phone/Whatsapp
0318-8926326(uzandco)
Apply kia hai per jawab nh aya
due to a lot of applications, time kafi leg raha he…..wait kerrien approval ya rejection ka apko bataya jai ga
Kya ap help krte han loan apply krane main?
Yeas we provide guidance and prepare business feasibility/plan which is a requirement for applying for this loan
Please apply online by visiting https://kamyabjawan.gov.pk/BankForm/newApplicantForm. In case you find any difficulty then do let us know.
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.
loan can not be used for house