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
| S# | Particulars | Criteria | ||||||||||||||||||||||||
| 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
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*Only mandatory for new businesses |
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| 4 | Purpose of Loan | 1. Working Capital Loan
2. Vehicle Lease / Demand / Term Financing |
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| 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.