Are you hear about new program launched “Kamyab Jawan Program”? This program is launched on October 17, 2019. For the very first time Imran Khan has launched this type of opportunity for the Youth of Pakistan. Basically it’s a program Imran Khan offering different opportunities related to entrepreneurship, skill training, education and civic engagement only for the youth of Pakistan.
The meaning of “kamyab Jawan Program” is a successful youth. They are not only secure employment opportunities but also looking for the improvement of small and medium type of enterprises through providing loans. They provide loans that worth Rupees 100 billion during five years only for the Youth.
Six initiative under the “Kamyab Jawan Program”:
- Youth Entrepreneurship Scheme
- Skill for All Program
- Startup Pakistan Program
- Green Youth Movement
- Internship Program
- Jawan Markaz
Youth Entrepreneurship Scheme
So, Youth Entrepreneurship Scheme will provide the business loans for the young aspiring to promote the entrepreneurs. In ‘Hunar se Karobar Tak’, it will be the granted for the youth to provide interest free loan.
This is developed under the three main departments:
- Pakistan Poverty Alleviation Fund (PPAF)
- State Bank of Pakistan (SBP)
- Small and Medium Enterprise Authority (SMEDA)
Pakistan Poverty Alleviation Fund (PPAF):
The main responsibilities of the Pakistan Poverty Alleviation Fund (PPAF) is that they will look assets transfer program and the other responsibility is that looking for the Interest-free loan.
State Bank of Pakistan (SBP):
SBP along with three major banks of Pakistan:
- National Bank of Pakistan
- Bank of Punjab
- Bank of Khyber
Small and Medium Enterprise Authority (SMEDA):
This department will collaborate together to provide loan, along with basic ability to run a successful business in future.
Pakistani youth age will must be 21 to 45 years old can apply for the loan. And they provide 25% of loan will go to the women. It’s a great opportunity for the skilled women’s who think to start their own business but unfortunately they cannot afford the expenses or they don’t have funds to start the business setup.
Two levels of loans have been set up:
- T1 loans- from Rs 100,000 to Rs. 0.5 million
- T2 loans- above Rs 0.5 million and up to Rs 5 million.
Interest free loan is starting from Rs10,000 to Rs100,000
The duration of the processing applications for the loan is 30 working days.
Online Applications can apply here:
People can apply easily with CNIC and age must be 18 to 45 years old can avail this loan opportunity. The tenure of the loan will be 8 years with the grace period of 1 year.
Small business avail this Kamyab Jawan Program opportunity and get benefit from it.