PM Kamyab Jawan Program 2019 Online Application Youth Loan Scheme Prime Minister Imran Khan Launched Kamyab Jawan National Youth Development Programme and providing a Business loan facility for the Youth of Pakistan.
PM Kamyab Jawan Program 2019 Online Application
PM Kamyab Jawab Interest-Free Loan Scheme for own business has been started from today for this purpose Government of Pakistan starts receiving Application Forms.
50 percent of loans for the PM Kamyab Jawab program will be offered by the National bank of Pakistan. and 50 % of all other banks are responsible.
Applicants can also download the Loan Application form from the official website of Kamyab Jawab kamyabjawan.gov.pk. The online loan application is open now students and Youth can apply online also.
Under PM Kamyab Jawab Program, Youth can avail of loans from amount one hundred thousand to fifty Hundred Thousand. The government of Pakistan will bear interest in this business loan and provided to Youth interest-free loan. PM Imran Khan Government is also responsible to return the loan, in case of any loss or loan payment is not returned by the applicant.
According to the State bank of Pakistan (SBP) Loan application forms are available in the following Bank Branches:
- National Bank of Pakistan (SBP)
- Bank of Punjab (BOP)
- Bank of Khyber (BOK)
Pakistani Nationality Holder having an age limit from 21 to 45 Years old male and female applicants are eligible to apply. The age relaxation will be given to candidates who wanted to invest in Information Technology or E-Commerce Business.
There are two loan payment categories, in the first category; the loan will be given from one hundred thousand to five hundred thousand, and in the second category 5 lakh to 50 lakh loans. A Category loan seeker must invest 10 % from their own pocket. For B Category loan seekers they must invest 20 Percent of their own money.
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- These loans will be given on working capital and term loans for a period of 8 years.
- The loan quota for females is 20 percent reserved. The loan from one lakh to 5 lakh will be given on a personal guarantee. Loan more than 5 lakh bank is responsible to check complete business information and view their concerns.
- Processing of loan applications will be completed within 15 days.
How to Apply Online: Online Application Form Available Here