Prime Minister Imran Khan on Thursday (October 17) launched Kamyab Jawan Program, one of incumbent Pakistan Tehreek-e-Insaf (PTI) government’s flagship initiatives, as part of his vision of creating 10 million jobs.
Prepared under the National Youth Development Framework, the Prime Minister’s Kamyab Jawan program revolves around six thematic areas; mainstreaming marginalized youth, employment and economic empowerment, civic engagement, social protection, health and wellbeing, and youth-focused institutional reforms.
Under the banner of Kamyab Jawan, the PM’s Youth Entrepreneurship Scheme has been developed enabling the youth to get loans up to Rs 5,000,000.
For the youth availing loans fewer than Rs 100,000, no interest will be charged. While for loans less than or equal to Rs 500,000, markup rate will be six percent per annum; and for loans greater than Rs 500,000, markup rate will be eight percent per annum.
In the first instance, the following banks will execute the program:
Later on, other commercial banks will also be asked to participate in the program by SBP.
The Form would be both in English and Urdu and require minimum essential information with a simple format. The processing time will not exceed 15 days and will be stated clearly in the application form.
The forms would be readily available both in branches and through dedicated websites of the banks. A non-refundable form processing fee will be Rs. 100 (Rupee One Hundred Only).
Click here to download application form: https://yes.kamyabjawan.gov.pk/BankForm/ApplicantForm
Your email address will not be published. Required fields are marked *
13 November, 2019