The government's most recent effort to strengthen Pakistan's entrepreneurial culture and help the nation's youth become economically independent is the Prime Minister's Kamyab Jawan Programme.

One hundred billion rupees to the youth

One hundred billion rupees would be given to the youth as loans for their business ventures as part of the 'Kamyab Jawan Programme'. One million young people will benefit from the program, which will offer them loans in three different categories. Everything you need to know about the program, from qualification requirements to the application process, is provided here.

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Qualifications

  • All people between the ages of 21 and 45 who have the ability to start their own business and have a valid CNIC can participate. The lower age limit will be 18 years for IT and e-commerce related companies.
  • As defined by the State Bank of Pakistan, small businesses (including startups and established businesses) run by youth within the age ranges mentioned above also qualify.
  • For companies dedicated to IT or e-commerce, at least registration and/or six months of experience is required.

Amount of the loan

The loan amount is divided into two categories, as follows:

  • Tier 1 loans range from Rs. 100,000 to Rs. 0.5 million
  • Tier 2 loans range from over Rs 0.5 crore to up to Rs 5 crore.
aspect Details
Name of the program Prime Minister's Kamyab Jawan Programme
Allocation of funding 100 billion rupees for loans to new entrepreneurs
Beneficiaries One million young people between the ages of 18 and 45
Eligibility criteria – Age: 18 to 45 (lower age limit of 21 for most sectors, 18 for IT/e-commerce)

Application form

  • The form would have a simple format, require only the most basic information and be available in both English and Urdu.
  • The application form will make it clear how long the processing period will last, which will not exceed 15 days.
  • The form fee will be Rs.100/-.
  • You can apply online through the following link: http://yes.kamyabjawan.gov.pk/BankForm/ApplicantForm.
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conclusion

The Prime Minister's Kamyab Jawan 2024 program aims to empower the youth of Pakistan by providing substantial financial support to entrepreneurs. By earmarking 100,000 million rupees for loans, the program aims to benefit one million people, promoting economic independence and entrepreneurship.

With simplified eligibility criteria, a simple application process and quick processing times, this initiative is accessible to a wide demographic, including younger people and IT or e-commerce sectors. Ultimately, the Kamyab Jawan program represents a significant step towards fostering a vibrant business culture and driving economic growth in Pakistan.

Read also: Good news! Check your eligibility online and also through SMS 2024 latest update

Frequently asked questions

How much is the processing period of Prime Minister Kamyab Jawan Scheme?

The application form will make it clear how long the processing period will last, which will not exceed 15 days.

What is the age limit for PM Kamyab Jawan Scheme?

All people between the ages of 21 and 45 who have the ability to start their own business and have a valid CNIC can participate.

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