Government of Pakistan, recognizing the financial needs of youth entrepreneurs and SME business leaders have introduced the “Prime Minister’s Kamyab Jawan – Youth Entrepreneurial Scheme (PMKJ – YES)”. This lending scheme will provide youth with affordable financing for establishing new and strengthening existing SME businesses.
Salient Features of Youth Entrepreneurial Scheme
|1||Eligibility||Male/Female/Transgender aged between 21 to 45 years. (Lower age limit to be 18 year for IT/E-commerce related businesses)|
|2||Business Type & Sector||New & established SME businesses from all sectors (including agriculture) can avail fresh loans|
|3||Loan Tiers and Details
*Only mandatory for new businesses
|4||Purpose of Loan||1. Working Capital Loan
2. Vehicle Lease / Demand / Term Financing
|5||Tenor & Repayment||Loan tenor up to 8 years with max. grace period of 1 year which to be repaid in equal monthly installments (EMI)|
All eligible persons can apply for the loan by visiting Kamyab Jawan Portal at https://kamyabjawan.gov.pk/BankForm/newApplicantForm. No other mode of application submission other than through designated online portal is acceptable.
For more details on the applications process and required documents, log on to https://kamyabjawan.gov.pk/home/yesprogram or visit a HabibMetro Bank branch near you.