All you need to know about the Prime Minister’s Kamyab Jawan Program 2024

The most recent effort by the government to strengthen Pakistan’s entrepreneurial culture and help the nation’s youth become economically independent is the Prime Minister’s Kamyab Jawan Programme.

One hundred billion rupees to Young people

One hundred billion rupees would be given to young people as loans for their business initiatives as part of the “Kamyab Jawan Programme.” One million young people will benefit from the program, which will offer loans to them in three different categories. Everything you need to know about the program—from qualifying requirements to the application process—is provided here.

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Qualifications

  • Everyone between the ages of 21 and 45 who has the ability to start their own business and has a valid CNIC is eligible. The lower age limit will be 18 for enterprises connected to IT and e-commerce.
  • According to the State Bank of Pakistan’s definition, small businesses (including startups and established companies) held by young people within the aforementioned age ranges are also qualified.
  • For companies involved with IT or e-commerce, at least matriculation and/or six months of experience are required.

Loan amount

The loan amount is divided into two categories, as follows:

  • Tier 1 loans range from Rs. 100,000 to Rs. 0.5 million
  • Tier 2 loans range from Over Rs 0.5 million and up to Rs 5 million.
AspectDetails
Program NamePrime Minister’s Kamyab Jawan Programme
Funding Allocation100 billion rupees for loans to young entrepreneurs
BeneficiariesOne million young individuals between the ages of 18 to 45
Eligibility Criteria– Age: 18 to 45 (lower age limit of 21 for most sectors, 18 for IT/e-commerce)

Application Form

  • The form would have a straightforward format, require only the most basic information, and be available in both English and Urdu.
  • The application form will make clear how long the processing period will take, which will not be longer than 15 days.
  • The form fee will be 100 Rupees.
  • You can apply online through the following link: http://yes.kamyabjawan.gov.pk/BankForm/ApplicantForm.

Conclusion

The Prime Minister’s Kamyab Jawan Programme 2024 aims to empower Pakistan’s youth by offering substantial financial support to budding entrepreneurs. By allocating 100 billion rupees for loans, the program targets to benefit one million individuals, fostering economic independence and entrepreneurship.

With simplified eligibility criteria, an easy application process, and swift processing times, this initiative is accessible to a broad demographic, including younger individuals and those in IT or e-commerce sectors. Ultimately, the Kamyab Jawan Programme represents a significant step towards nurturing a vibrant entrepreneurial culture and driving economic growth in Pakistan.

Also Read: Good News! Check your Eligibility Online and also through the SMS Latest Update 2024

FAQs

How long is the processing period for the Prime Minister’s Kamyab Jawan Program?

The application form will make clear how long the processing period will take, which will not be longer than 15 days.

What is the age limit for the Prime Minister’s Kamyab Jawan Program?

Everyone between the ages of 21 and 45 who has the ability to start their own business and has a valid CNIC is eligible.

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