Kamyab Jawan Programme launched by Prime Minister (PM) Imran Khan last week is offering soft loans to the unemployed youth of the country for business and other self-employment opportunities.
It is expected that over 52% of the Pakistanis can benefit directly through the Programme. 25 % of loans will be provided to young women entrepreneurs for starting small businesses. The government aims to facilitate over one million youngsters in the country with this programme.
Here is who can apply for the loan:
Kamyab Jawan Programme is only for the resident of Pakistan and the minimum age for the applicants under this scheme is 21 years at the time of application submission.
It may lessen to 18 years in case of applicants applying for IT or e-commerce related businesses. The maximum age limit is 45 years at the time of application submission.
There is no general requirement of minimum educational qualification. However, in case of businesses which compulsorily require certain qualification, diplomas or licenses.
Persons employed in private jobs, startups, as well as existing micro and small business enterprises, can also apply for loans.
More than one person of the same family can apply for this loan individually and independently, however, a single person can only avail one loan at a time.
Anyone guaranteeing a loan for another person cannot himself apply for a loan under this scheme.
Applicant’s Husband/Wife/Father/Brother/ Son/ Daughter/ Son in law/ daughter in law/Father in law/Mother in Law cannot become his/her guarantor for the loan. A person can be the guarantee only for one loan/applicant.
How to apply?
To apply for this programme, all you need to do is visit the official website of “kamyabjawan.gov.pk” and apply for the loan.
You cannot download the form so you have to apply online.
Scroll down the homepage and press “Read More” button below the “Youth Entrepreneurship Scheme (Yes)” initiative.
You will have to give your basic information with your CNIC number, a selected bank and the nearest branch to your given address will be automatically selected.
You will receive a message on your given contact number with confirmation of application submission and details of your selected bank and assigned branch.
Here is the official website: