Prime Minister’s Kamyab Jawan Scheme 2019 is launched by Prime Minister Imran Khan on October 2019.
This program is for the youth of Pakistan to make them more strong and their own business.
Prime Minister’s Kamyab Jawan Scheme 2019 – Download Form
Prime Minister’s Kamyab Jawan Scheme 2019.
To provide job opportunities for unemployed youth, the Government of Pakistan is launching the successful Youth Entrepreneurship Plan of the Prime Minister across the country.
Taking these 3Es as an important concern, our government has developed a comprehensive program called “Successful Youth Program of the Prime Minister”. For the first time in Pakistan, through the platform of Prime Minister Kamyab Jawan, the government has created opportunities to open the doors to the social and economic empowerment of young people.
Eligibility criteria for the successful Prime Minister Youth Plan 2019:
All Pakistani citizens between the ages of 21 and 45 are eligible (for business related to IT / e-commerce, the minimum age will be 18 years).
According to the definitions of the State Bank of Pakistan, small businesses and new businesses, which extend to all business sectors (new businesses and existing companies), are also eligible according to the aforementioned letters. Mathematics, minimum enrollment and / or at least six months of experience required for IT / e-commerce businesses.
Focus on women:
25% of the loan will be for female lenders.
Level 1 Loans (T1): Rs 100,000 to Rs. 0.5 million
Level 2 (T2) loans of more than 0.5 million and up to Rs 5 lakh.
Type of credit for the successful prime minister youth plan 2019:
Loan for working capital and term loan
Up to 8 years
Grace period for one year (depending on the nature and nature of the business and loan)
Debt / capital ratio:
Loan T1 – 90:10.
Loan T2 – 80: 20.
The capital contribution of the lenders will be in cash or real estate and will be required after loan approval.
The security measures will be the following:
T-One loan: the borrower only has a personal guarantee.
T2 loan: Collateral mortgage (according to the bank’s own credit policy).
Prices for working capital and term loans:
T1Lon: borrowers do not pay 6% per year
T2 loans: 8% annual set for the borrower
Sectors and products for the successful Prime Minister Youth Plan 2019:
In all fields of industry-standard/projects/ or the Smedt designed projects created by private enterprises or service providers men ..
Processing fees for the successful prime minister youth scheme 2019:
The processing fee will be Rs 100 (non-refundable)
How to apply for the successful Prime Minister Youth Plan 2019:
The applicant will apply directly through the successful Prime Minister’s Young Portal, that is, the applicants
Application Form Download Click Here
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