Home / Latest Jobs List / PRIME MINISTER’S KAMYAB JAWAN SCHEME Apply Online Now
In order to provide self-employment opportunities to the unemployed youth, Government of Pakistan is launching Prime Minister’s Kamyab Jawan Youth Entrepreneurship Scheme across the country.

PRIME MINISTER’S KAMYAB JAWAN SCHEME Apply Online Now

PRIME MINISTER’S KAMYAB JAWAN SCHEME:

In order to provide self-employment opportunities to the unemployed youth, Government of Pakistan is launching Prime Minister’s Kamyab Jawan Youth Entrepreneurship Scheme across the country.



#TitleDetails
1DepartmentWazir-e-Azam Kamyab Nojwan Loan Scheme
2QualificationAll Pakistani Citizen
3Publish Date19 October 2019
4Last for ApplyAs Soon As Possible
5LocationPakistan
6No. of Application50,000
7ExperienceFresh
8Age required
21-45 Years
9Application Form
pakjobsalerts.com

 



ADVERTISEMENT
Loan Advertisement

LOAN DETAILS:

Prime Minister Of Pakistan Imran Khan Niazi Announced Loan Opportunities For Fresh Applicants. The Loan is Granted To Persons to start their business or to expand the existing Business. Any Pakistani Citizen can apply for the Loan as Soon as Possible From the Given Link. Candidates can get upto 50,00,000 through Prime Minister Kamyab Nojwan Loan Scheme and Start Their own Business instead of looking for Jobs. This Program is started to Grow the economy and to make youth self dependent. It will reduce poverty and help people to start their own business.



Eligibility Criteria:

  • All Pakistani Nationals holding valid CNIC, aged between 21 and 45 years with entrepreneurial potential are eligible (for IT/ E-Commerce related businesses, the lower age limit will be 18 years).
  • Small enterprises spanning across all business sectors (startups and existing businesses) as per definition of State Bank of Pakistan and owned by youth as per above mentioned age brackets are also eligible. For IT/E-Commerce related businesses, at least matriculation and/or experience of at least six month is required.
  • Visit www.pakjobsalerts.com for More details.

Focus on Women:

  • 25% of the loans will go to women borrowers.

Loan size:

  • Tier 1 (T1) loans- from Rs 100,000 to Rs. 0.5 million.
  • Tier 2 (T2) loans- Above Rs 0.5 million and up to Rs 5 million.

Loan type:

  • Working capital loans and term loans

Loan Tenor:

  • Up to 8 years

Grace Period:

  • Grace period of up to one year (subject to size and nature of the business/loan).

Debt to Equity ratio:

  • T1 loans- 90:10.
  • T2 loans- 80: 20.
  • The borrower’s contribution of equity would be in the form of cash or immovable property and will be required after approval of the loan.

Security Requirements:

Security arrangements will be as under:

  • T1 loans: Only personal guarantee of the borrower.
  • T2 loans:  Mortgage of collateral (As per bank’s own credit policy).

Pricing:

Pricing for Working Capital & Term Loans:

  • T1 loans: 6% per year fixed for borrower.
  • T2 loans: 8% per year. fixed for borrower.

Sectors and Products:

  • All sectors. Standardized schemes/ projects/ undertakings designed by SMEDA, or projects designed by private sector service providers or by individuals themselves.

Processing Fee:

  • The processing fee will be Rs.100 (non-refundable).

How to apply:

  • The applicant shall apply directly via Prime Minister Kamyab Jawan portal



Check Also

latest Jobs

Motorway Police Latest Jobs Apply online to Get Registered

Get Motorway Police Officer Jobs 2019 | Motorway Police Jobs 2019 are announced today for …

Leave a Reply

Your email address will not be published. Required fields are marked *

10 + 11 =