Kamyab Jawan Laon |What is PM Kamyab Jawan Program/scheme
Through 21 commercial, Islamic, and SME banks under the Prime Minister’s ‘Successful Youth – Youth Entrepreneurship Scheme’, for young entrepreneurs and existing businesses between the ages of 21 and 45 (18 years for the IT sector). Designed to provide discounted financing. Guidance and supervision of State Bank of Pakistan.
Loans will be given to SME beneficiaries across Pakistan in Punjab, Sindh, Khyber Pakhtunkhwa, Baluchistan, Gilgit-Baltistan, and Azad Jammu and Kashmir. The program aims to provide 25% credit to women entrepreneurs.
Loans provided through the Successful Youth Program are divided into three categories: Tier 1 (T1) loans range from Rs. 100,000 to Rs. 1 million, Tier 2 (T2) loans are between Rs. 1 million to Rs. 10 million, and Tier 3 (T3) loans are between Rs. 10 million to 25 million. These loans are provided for a period of up to 8 years with a grace period of 1 year.
The borrower’s share of the equity will be in the form of cash or immovable property and will be required after the loan is approved. The terms of the loan equity are as follows.
A new business will require a debt-to-equity ratio.
Tires 1) 90:10 @ 3% markup
Tire 2) 80:20 @ 4% markup
Tires 3) 80:20 @ 5% markup
Existing businesses applying for a loan do not require an equity partnership.
SMEDA has been assigned an advisory role in the implementation of the Prime Minister’s scheme.
Kamyab Jawan Program Online Registration
If you want to apply for Kamyab Jawan Program, then you can register yourself online by the following method:
- Click here to open the application form
- By clicking on the link you will get the above form.
- Fill your complete details in 9 steps as asked in the form.
- After filling the form, click on apply.
If you face trouble in filling the form then you can watch video tutorials that will be given below the form.
How Can I Check My Kamyab Jawan Program Application Status?
You can check the status of your application on the Kmayab Jawan Track Application.
Kamyab Jawan Car Laon
For Tier 1 is from 1 Lac up to 10 Lacs, Mark up rate is just 3%
For Tier 2 that is from 10 lacs up to 10 M Mark Up rate is just 4%
For Tier 3 is from 10 M to 25 M, Mark up rate is just 5%
So you can book any of the vehicles you want and Mark up rate will be as per the cost of the car falling in a specific tier.
What is Maritime in Kamyab Jawan Program?
Application processing time depends on the volume of applications received by each bank. This is a 5-year program and will be processed accordingly. New applicants will be processed. First-come-first-served basis. To reduce the processing time, applicants are requested to be themselves. Ready for a rigorous verification procedure.
How To Check Kamyab Jawan Status?
You can check the status of your application at the Kmayab Jawan portal. In addition, whenever an application is approved or rejected, the bank will send an SMS to the cell number provided by the applicant informing him of the decision on his application.
What are the minimum and maximum age requirements for applicants?
The minimum age of the applicant under this scheme is 21 years at the time of submission of the application for Kamyab Jawan Program. However, in the case of applicants for IT or computer-related business, it is relaxed for 18 years.
The maximum age at the time of submission of application is 45 years.
Our PM wants to empower the youth so he started this Kamyab Jawan Program. So that young people think about giving jobs instead of looking for jobs.