Prime Minister’s Kamyab Jawan entrepreneurship scheme to support the youth of the country to materialize their potential to the fullest, Applications under this scheme has reopened for provision of subsidized business loans.
All eligible persons can take part OR apply for this loan by visiting your nearest selected bank branches OR by visiting Kamayab Jawan Portal. The only designated online portal is acceptable rather than others.
Key Points for Applying for this Loan:
Following are the key points that would be necessary to fulfill before applying for this loan.
Who Can Apply?
All Men/Women having CNIC
Purpose of Loan:
Type of Business:
As per the definition of SBP Startups, Small, Medium or Existing Business setups by youth among mentioned ages.
Age:
Between 21-45 Years. CNIC is compulsory while applying for this loan. Minimum 18 years old jawan can apply but in that case, they should have a certificate of Matric.
Loan Pricing Security & Size:
Tier |
Pricing Per Year |
Loan Amount |
Security |
Tier-I |
3% |
Rs. 0.1 M to Rs. 1 M |
Clean Loan |
Tire-II |
4% |
Above Rs. 1 M up to Rs 10 M |
Secured Loan |
Tire-III |
5% |
Above Rs. 10 M up to Rs 25 M |
Secured Loan |
Loan Duration:
Up to 8 years with a maximum grace period of 1 year
Sectors:
All Sectors are eligible including agriculture
Processing Fee:
Rs 100 only will be charged on processing
Required Documents:
Before starting your application the applicant must have scanned copies of the following documents along with Passport size Pictures
Additional Documents for Existing Business:
Frequently Asked Question about this Loan:
Following questions are frequently asked about the loan that Answers I have been mentioned below:
Can Physical Applications accept in designated branches?
Ans: No only online applications are accepted at the following web address:
https://www.kamyabjawan.gov.pk/BankForm/newApplicantForm
Which Banks are involved in this Kamyab Jawan Scheme???
Ans: Following banks are participating in this scheme
Q: What is the minimum education required to apply for this loan?
Ans: There is no minimum education limit is specified for applying for this loan.
Q: Can employees of any sector apply for this??
Ans: Yes! Employ from any sector apply for this loan
Q: How many loans can a person avail of?
Ans: A person cannot avail of more than one loan.
Q: Can Government Employs apply?
Ans: No they are not eligible.
Q: Is there any processing fee for the application?
Ans: You only have to pay Rs. 100/as a processing fee inclusive of NADRA online CNIC verification fee.
Q: Is this processing fee refundable?
Ans: No, the processing fee is non-refundable.
Q: Can I withdraw my application?
Ans: Yes! At any time before the approval or rejection process, you can quit. Also In case of approval, you can withdraw by rejecting the offer but in case of rejection, the applicant can’t be able to quit/withdraw.
Q: Is there any grace period?
Ans: The scheme allows a maximum of the 1-year grace period. However, the exact grace period would depend upon the specific business types and banks’ decisions. The applicant is encouraged to negotiate these terms at the time of finalization of the loan with the bank.