PM Kamyab Program 2019 is announced by the Prime Minister Imran Khan. Prime Minister Youth Affairs Program (PMYAP) “Kamyab Jawan Program” will start registration from Thursday, October 17, 2019 for the welfare of youth across the Pakistan Youth. The main objective of the Prime Minister’s Kamyab Jawan Program is to open up the self-employment opportunities for the people of Pakistan. And all men and women of Pakistan age between 18 to 45 will valid Pakistani CNIC can avail this opportunity. The loan tenure will be of the eight years with a grace period of one year. Small enterprises both startups and existing business can avail the Prime Minister’s Kamyab Jawan Program and benefit from it. The loan disbursed by the banks under the program will be between Rs. 100,000 to Rs. 5,000,000.
Under Prime Minister Youth Affairs Program (PMYAP), following programs are lanuched:
- Kamyab Jawan Program,
- Youth Entrepreneurship
- Green Youth Movement
- Startup Pakistan
- Hunar Mand Jawan programs
- 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 definition of SBP and owned by youth as per above-mentioned age brackets are also eligible.
- For IT/E-Commerce related businesses, at least matriculation and/or experience of at least six months.
Prime Minister’s Kamyab Jawan SME Lending Program
Small 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. Government of Pakistan is cognizant of this situation and is fully committed to enabling youth to avail affordable financing from banks for establishing a new business or strengthening their existing business.
In order to provide self-employment opportunities to unemployed youth, Government of Pakistan is launching Prime Minister’s Kamyab Jawan SME Lending Program across the country. 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 learn more about, please visit: https://www.incpak.com/national/prime-ministers-kamyab-jawan-program/
Prime Minister’s Kamyab Jawan Program Download Form
The form can be obtained from banks free of cost. The processing fee as per SBP instruction is Rs.100/-. The processing fee is non-refundable.