How To Apply Prime Minister Imran Khan Kamyab Jawan Loan Scheme

How To Apply Prime Minister Imran Khan Kamyab Jawan Loan Scheme, Do you want to know about the Prime Minister's Youth Loan Scheme and How To Apply Prime Minister Imran Khan Kamyab Jawan Loan Scheme?

How To Apply Prime Minister Imran Khan Kamyab Jawan Loan Scheme

Here you will find How To Apply Prime Minister Imran Khan Kamyab Jawan Loan Scheme and the full details of the successful Youth Program Youth Loan Scheme.

Furthermore, how to submit the application? What is the term of the loan? What is the age limit? Interest rates and full details of the lending banks. Therefore, this page contains all kinds of information about successful youth programs. So, you no longer have to look for individual information elsewhere.

How To Apply Prime Minister Imran Khan Kamyab Jawan Loan Scheme

Most people are not familiar with the procedure for submitting an application and the correct procedure for preparing a SMEDA report. We will show you a simple and excellent way to do all the required steps easily.

Successful Youth Loan Scheme Full Details

As we all know, the Prime Minister's vision is to create a large number of opportunities for the youth. Therefore, Kamyab Jawan is part of the Prime Minister's Youth Entrepreneurship Program with the slogan "From Skills to Business".

Three primary departments collaborated on the program's development. namely the Pakistan Poverty Alleviation Fund, State Bank of Pakistan, and Medium Enterprise Authority. 

How To Apply Prime Minister Imran Khan Kamyab Jawan Loan Scheme

SBP has teamed up with 3 major banks namely the National Bank of Pakistan (NBP), Bank of Punjab (BOP), and Bank of Khyber (BOK). However, SMEDA is responsible for teaching applicants how to prepare potential reports and how to maintain business.

Together, the three main sectors will work together to provide subsidized loans to young people with their core competencies for running a successful business.

What is the application submission procedure?

You need to submit an online application form for a successful youth loan program. 

To access the online application form, click the link below.

https://kamyabjawan.gov.pk/BankForm/newApplicantForm

1. By clicking on the link you will see a form (as shown in the picture below), you have to fill this form completely with correct information.

Application form for Prime Minister Imran Khan Kamyab Jawan Loan Scheme

2. After completing the online application form, click on the “PROCEED TO STEP 2” button. On the next page, you will have to accept an online affidavit with rules and regulations (as shown in the picture below).

Application form for Prime Minister Imran Khan Kamyab Jawan Loan Scheme

3. Read all the terms and conditions of the affidavit carefully, if agreed, mark the left side of the screen (as shown in the picture above, marked with number 1). In addition, you must click on the "Submit" button (as shown in the picture above, marked with number 2).

What are the eligibility criteria for Prime Minister Imran Khan Kamyab Jawan Loan Scheme?

1. All men/women/transgender people who have a national identity card, between the ages of 21 and 45, and who have the business ability. In addition, the minimum age for IT / e-commerce related business is 18 years.

2. Small businesses (existing and new businesses) are also eligible according to the SBP definition and the age given above.

3. IT / eCommerce related business must have at least matriculation and/or at least six months of experience

Some important terms and conditions for Prime Minister Imran Khan Kamyab Jawan Loan Scheme

1. What is the credit limit? The government of Pakistan will provide loans ranging from Rs 1 lakh to Rs 5 lakh for small and medium enterprises.

2. Loan type and size: There are two types of loan 

1. Working capital loan and 2. Trim loans, however, are divided into two types of loans, as follows.

T1 Loan: Rs. 1 lakh to 5 lakhs

T2 Loan: Rs. 5 lakhs to 50 lakhs

3. Loan term: 1 year to 8 years.

4. Debt in equity ratio: After loan approval, lenders' contribution to equity will be in the form of cash or immovable property. The debt in equity ratio is as follows.

T1 loan - 10:90

T2 loan - 20:80

5. Security Requirements: The security arrangements will be as follows:

T1 Loan: Clear, however, is only the recipient's personal guarantee

T2 Loan: According to the bank's own credit policy

6. Risk mitigation: The government will bear the loss of loans (principal portion only) on the divided portfolio of banks.

T1 loan: up to 50%

T2 loan: up to 10%

Pricing: Pricing for Working Capital and Trim Loans;

T1 Loan: 6% fixed for the annual borrower

T2 Loan: 8% fixed for the annual borrower

Special attention to women for Prime Minister Imran Khan Kamyab Jawan Loan Scheme

If you have further questions regarding the “Successful Youth Loan Scheme Full Details” you can get guidance or contact us by commenting below.

How To Apply Prime Minister Imran Khan Kamyab Jawan Loan Scheme

How To Apply Prime Minister Imran Khan Kamyab Jawan Loan Scheme