Kamyab Jawan Program Youth Loan Scheme YES
Pakistan IT

Kamyab Jawan Program Youth Loan Scheme YES

Kamyab Jawan Program Youth Loan Scheme YES

Do you want to know about Prime Minister’s Youth Loan Scheme? Here is complete detail about Kamyab Jawan Program Youth Loan Scheme YES. Moreover, you’ll know how to apply, loan tenure, age limit, interest rate & loan lending banks details. So, every bit of information about Kamyab Jawan Program available on this. Therefore, now you don’t need to search for information individually anywhere else.

Most of the people don’t know the exact way to submit application procedure & how to develop SMEDA report for it. We’ll show you the easy & best procedure to do all the required steps with ease.

Kamyab Jawan Program Youth Loan Scheme YES

Kamyab Jawan Program Youth Loan Scheme YES complete detail

As all we know the Prime Minister’s vision of creating a large number of opportunities for youth. So, Kamyab Jawan is the chain of this PM’s Youth Entrepreneurship Program with the slogan “Hunar se Karobar Tak“.

Program has developed in collaboration with 3 main departments, namely Pakistan Poverty Alleviation Fund (PPAF), State Bank of Pakistan (SBP) & Medium Enterprise Authority (SMEDA). SBP plays role along with 3 major banks i.e National Bank of Pakistan (NBP), Bank of Punjab (BOP) & Bank of Khyber (BOK). While, SMEDA is responsible to educate applicants on how to develop feasible report & how to maintain business.

These all 3 main department will collaborate together to provide subsidized loan to the youth, along with giving them the basic aptitude to run a successful business.

Urdu Translation

How to Apply Online?

How to Apply Online?

💡 1. You’ve to submit online application form for Kamyab Jawan Loan Program. To go to online application form click on the following link




https://yes.kamyabjawan.gov.pk/BankForm/ApplicantForm

You’ll see a form (as shown in following photo), you’ve to completely fill it with valid information.

online application form 1st screen shoot

💡 2. After completely filling the online application form, click on “PROCEED TO STEP 2” button. On the next page you’ll have to accept online affidavit with terms & conditions (as shown in following photo).

online application form affidavit 2nd screen shoot

💡 3. Thoroughly read all the terms & conditions of affidavit, if agree then tick mark on the left side of the screen (as shown in above photo, marked with number 1). Furthermore, you’ve to click on “Submit” button (as shown in above photo, marked with number 2).

Urdu Translation

What is the Eligibility Criteria?

What is the Eligibility Criteria for YES
  • All men/women/transgenders holding CNIC, age between 21 & 45 years with entrepreneurial potential are eligible. Furthermore, for IT/E-Commerce related businesses, the lower age limit is 18 years.
  • Small enterprises (startups & existing businesses) as per definition of SBP & owned by youth as per above mentioned age brackets are also eligible.
  • For IT/E-Commerce related businesses, at least matriculation &/or experience of at least six months.

Important Terms & Conditions

Important Terms & Conditions Kamyab Jawan
Urdu Translation
  • What is Loan Limit? Government of Pakistan shall provide mark-up & credit loss subsidy on small business loans in the range of 100,000 to Rs. 5,000,000
  • Loan Type & size : Loan is of two types i.e Working Capital Loans & Term Loans, while, size of the loan divides into two tiers, as under;
    • Tier 1 (T1) Loans: Rs 100,000 to Rs.500,000
    • Tier 2 (T2) Loans: Rs 500,000 to Rs.5,000000
  • Loan Tenor: Upto 8 years with maximum grace period of upto one year.
  • Debt to Equity Ratio: After approval of loan, borrower’s contribution of equity would be in the form of cash or immovable property. Debt to Equity Ratio is as under;
    • T1 loans- 90:10
    • T2 loans- 80: 20
  • Security Requirements: Security arrangements will be as under:
    • T1 Loans: Clean, however, only personal guarantee of the borrower
    • T2 Loans: As per bank’s own credit policy
  • Risk Mitigation: Government will bear credit losses (Principal portion only) on the disbursed portfolio of the banks as under:
    • T1 Loans: Upto 50%
    • T2 Loans: Upto 10%
  • Pricing: Pricing for Working Capital & Term Loans;
    • T1 Loans: 6% p.a. fixed for borrower
    • T2 Loans: 8% p.a. fixed for borrower

Focus on Women Borrowers: 25% for Women Borrowers

Focus on Women Borrowers

25% of the loans will go to women borrowers. Therefore, women must apply, as, there are more chances for women to get loan.

Frequently Asked Questions – FAQs

1. HOW AND WHERE CAN I GET LOAN APPLICATION FORM?
No physical application form is required. All applications have to be submitted online at given website address, given at the start of this page.
2. WHICH BANKS ARE PARTICIPATING IN THIS SCHEME?
Following three banks are designated as lead banks for this scheme: 1. National Bank of Pakistan, 2. Bank of Punjab, 3.Bank of Khyber
3. CAN I APPLY FROM ANY BRANCH OF PARTICIPATING BANKS?
Application for loan under this scheme can only be submitted online. You only have to fill out the form at the at the following link/ address and submit. Branch of your selected bank located nearest to your given address will be automatically selected and an SMS message will be delivered to your provided cell number with confirmation of application submission and details of your selected bank and assigned branch.
4. IS THERE ANY PROCESSING FEE TO BE PAID FOR APPLICATION?
You only have to pay Rs. 100/= (Rupees One Hundred Only) as processing fee.
5. IS THIS PROCESSING FEE REFUNDABLE?
Processing fee is non-refundable.
6. WHEN AND HOW CAN I WITHDRAW MY APPLICATION?
You can withdraw your application any time before your application is approved or rejected. In case your application is approved, you can withdraw your application by rejecting the offer. In case your application is rejected, you cannot withdraw your application and the status of your application will remain as “rejected”.
7. HOW DO I WOULD KNOW THAT MY APPLICATION HAS BEEN ACCEPTED FOR PROCESSING?
Upon submission of your application on the portal, an SMS message will be delivered to your provided cell number with confirmation of application submission and details of your selected bank and assigned branch.
8. WHAT IF I WRONGLY FILLED A FORM AND NEEDED A REPRINT/ ANOTHER FORM?
To help you check and correct or make changes, you can fill out the form at portal and save before submission for proof reading and corrections. But no corrections can be made after an application is submitted. Therefore, all applicants are advised
1. To fill out the form correctly and with utmost care,
2. Save the filled out form before submission
3. Proof read the whole form for correctness and accuracy and then submit the form.
9. WHAT DOCUMENTS DO I NEED TO ATTACH WITH MY LOAN APPLICATION FORM?
No documents are required at the time of online form submission.
10. CAN I SUBMIT MY LOAN APPLICATION IN A BRANCH OTHER THAN THE FORM ISSUING BRANCH?
Application for loan under this scheme can only be submitted online. Branch of your selected bank located nearest to your given address will be automatically selected and an SMS message will be delivered to your provided cell number with confirmation of application submission and details of your selected bank and assigned branch.

That’s all about “Kamyab Jawan Program Youth Loan Scheme YES”. In case of any query, feel free to comment or contact us.

4 Replies to “Kamyab Jawan Program Youth Loan Scheme YES

  1. sedinfo box app
    1. You just don’t follow further steps, if you receive call from bank, just told them you’re not interested anymore!

  2. Dera Allah yar distic jaffarabad NBP branch m kuch dalal jaise k bank maneger or os k kuch sathi fazal muhammad khosa jvt teacher logo se 160000 le kr baqi un logo ko paise de rahe to govt of pakistan se or nab se guzarish h k in or in jiase logo ko pakre ta k log bina kisi takleef k form online kr ske.

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