“Kamyab Jawan Programme” has been launched by Prime Minister Imran Khan. Here is how to apply online for the “Kamyab Jawan Programme” now.
This opportunity can be availed by all men women of Pakistan who have a CNIC and age between 18 and 45 years. The tenure of the loan will be eight-years with a grace period of one year.
This opportunity can also be availed by small enterprises including startups and existing businesses. The loan that will be distributed under the program by the banks will range from Rs. 100,000 to Rs. 5,000,000.
Initially, the banks that will execute the program are the National Bank of Pakistan (NBP), Bank of Punjab, and Bank of Khyber.
Then, later on, commercial banks will also take part in the program.
The eligibility criteria for applying in this program is that you should have a CNIC and aged between 21 and 45 years with entrepreneurial potential. For IT/ E-Commerce related businesses, the age limit is from 18 years to 45 years.
For IT/E-Commerce related businesses, it is essential to have at least a matriculation degree and/or experience of at least six months.
Loan size is either between Rs 100,000 to Rs. 0.5 million and/or above Rs 0.5 million and up to Rs 5 million. It is pertinent to mention here that 25% of the loans will go to women borrowers.
How to Apply Online
The application form is available both in English and Urdu. The processing time will not be more than 15 days. The forms are available both in the bank branches as well on websites of the bank. There is an Rs.100 non-refundable form processing fee.
Here is the online application form for the program.