Prime Minister’s Youth Loan Scheme Phase 2 has been started now. Here is complete detail about Kamyab Jawan Program Youth Loan Scheme YES Phase II 2020 Update. Moreover, you’ll know how to apply, loan tenure, age limit, interest rate & loan lending banks details. How to Apply for Youth Loan, Govt Loan, Kamyab Jawan Loan. 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 Phase II 2020 Update
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 21 major banks of Pakistan including National Bank of Pakistan (NBP), Bank of Punjab (BOP) & Bank of Khyber (BOK) etc. While, SMEDA is responsible to educate applicants on how to develop feasible report & how to maintain business.
Phase 2 is Now Started – Apply Now Watch Video
According to Kamyab Jawan, “Welcome to the Youth Entrepreneurship Scheme (YES). Under the scheme, applicants can submit applications online to receive various loans from the government to support their start-ups and small businesses as well as existing enterprises. The loan limit has been increased to 25 million and the total number of banks involved is 21 to make the process speedy. Please read the instructions manual and FAQs thoroughly before filling and submitting the application.”
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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.
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://kamyabjawan.gov.pk/BankForm/newApplicantForm
You’ll see a form (as shown in following photo), you’ve to completely fill it with valid information.
💡 In order to successfully submit loan application, an applicant have to complete 9 steps of online form. During these 9 steps, applicant have to provide basic information, as well as bank details. Moreover, this time in phase 2, applicant will also fill the Business Plan form. Watch the video below, to know complete application procedure;
Watch YouTube Video to Watch How to Apply Online
💡 Before, submitting application form, thoroughly read all the terms & conditions of affidavit, if agree then tick mark on the left side of the screen. Furthermore, you’ve to click on “Submit” button.
What is the Eligibility Criteria?
- 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
- 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.1 million. In Phase 2, there are 3 Tier as under;
- 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.1 Million
- Tier 2 (T2) Loans: Rs.1 Million to Rs.10 Million
- Tier 3 (T3) Loans: Rs.10 Million to Rs.25 Million
- Loan Tenor: Upto 8 years with maximum grace period of upto one year.
- 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
- T3 Loans: As per bank’s own credit policy
Focus on Women Borrowers: 25% for 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
That’s all about “Kamyab Jawan Program Youth Loan Scheme YES Phase II 2020 Update”. In case of any query, feel free to comment or contact us.
how to cancel or withdraw kamyab jawan loan form application?
You just don’t follow further steps, if you receive call from bank, just told them you’re not interested anymore!
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.
Please submit complain online at PM Complain Cell
Sar kamyab jawan se loan kab melly ga 0340780****
Es month men k end tk umeed hy!
These complaint centers are always just for Punjab today as you would like to ask a question in the comments section on the basis of whether we live nahen in Pakistan till the end of the double standard.
Not at all my dear brother, govt federal services are same all over the Pakistan. Only provincial services may differ. Sindh is Pakistan’s integral part. We all provinces are parts of one body, Pakistan!
hi Aslam o alikum sir I apply loan almost 2 months before, already provided guarantees and everything required m a needy woman, I m calling given numbers and nearest branch also but no body is replying, plz reply how much time required more or where from I can get information about my procedure
W Salam, Mam Actually its all upto the Govt. But Govt is not issuing clear timeline that’s why nobody knows about it. We can just pray for you. May Allah be with you!
ok thank you…
Pleasure Mam!
Assalam o alalikum sir
Sir mujhe Ye puchna tha k mein apna karobar shuro karna chahta hon jeisy k riksha wagera se apna karoobar bnana chahta hon Kya Ap bta sakty hein k is k liye lon mil sakta hai sir please help kijiye mujhe karobar ki ashad zaroort hai Meri taleem B.A hai
Jee ap loan le sakty hen, apply kren jesa es page pe btaya gya hy!
Asslam o Alekum SIr.
me ne 21/10/2019 ko loan apply kia tha ,
lekin abhi tak Amount Approved nahi hua,
Sir, abhi bhi Inprocess aa raha hai ,
ab Sir, aap batain me kia karon, ?
W Salam, Bhai wait kren abi, abi tak application process continue hy, almost 1 month more!