As part of Prime Minister’s vision of generating 10 million jobs, PM’s Youth Entrepreneurship Program has been developed under the banner of Kamyab Jawan. This scheme envisages “Hunar se Karobar Tak”, where youth will be graduated from basic asset transfer to interest free loans to micro and then finally small loans as depicted in the graph.
This program has been developed in collaboration with 3 main departments, namely Pakistan Poverty Alleviation Fund (PPAF) which will look after the asset transfer program and the interest free loan program and State Bank of Pakistan (SBP) along with 3 major banks (National Bank of Pakistan, Bank of Punjab and Bank of Khyber) and Small and Medium Enterprise Authority (SMEDA), which will collaborate together to provide subsidized loan to the youth, along with giving them the basic aptitude to run a successful business
The Purpose of the Prime minister Kamyab Jawan Program is to promote the Business ideas in the youth of Pakistan under the Vision of PMs
Duration of the Loan: 8 years
6% Interest on: 1 lakh to 5 lakh
8% Interest on: 5 lakh to 50 lakh
How to Apply for Prime Minister Kamyab Jawan Loan program
100 Rupee is Application fee which is non refundable