The State Bank of Pakistan SBP has Launched the 2nd Phase of PM Kamyab Jawan Loan Scheme 2022 After Succesful Completion of PM Youth entrepreneurship scheme Phase 01.The Complete Detail and Eligibility Criteria For PM Kamyab Jawan Phase 2 Online Apply 2022 is Given Below.
PM youth entrepreneurship scheme Encourages Talent, Skilled Person to Establish their Own Business by Providing Them Financial Aids With Interest and Without Interest.PM Kamyab Jawan Encourages Male and Female Hardworking, Talent Candidates to Apply For PM Youth Entrepreneurship Scheme YES Phase 02 Which helps them to Establish their Own Business.
Brief Overview of PM Yes Skill Program 2022
|Province||Total Skills Scholarships||Conventional Skills Scholarships||Certifications Under RPL||High Tech Skill Scholarships|
PM Yes Skill Program 2022 Categories
Prime Minister Kamyab Jawan Loans are Offered to Skilled Person For Establishing New Business or For Upgrading their Old Business. The Amount of Loan is Ranging From 10 Lakh to 2.5 Crores.
There are Total three Categories of Loan Size as Follow:-
|Name||Loan Price in Pkr||Customer Pricing||Security|
|Tier 01 T1||Rs 100,000 to Rs. 1 million.||3%||Clear Loan|
|Tier 02 T2||Rs 1 million and up to Rs 10 million.||4%||Secured Loan|
|Tier 03 T3||Rs 10 million and up to Rs 25 million||5%||Secured Loan|
Types of Kamyab Jawan Loan
Prime Minister youth entrepreneurship scheme Offer Two Types of Loan Listed as Below
- Kamyab Jawan Halal Loan ( interest Free)
- Kamyab Jawan Loan with Interest
Kamyab Jawan Halal Loan:
Most Candidates want to Get Interest Free Halal Loan. So in this Loan, the bank will provide you with any hardware requirements according to the business model.
Kamyab Jawan Loan with Interest:
In this type of Loan, there will be 3% Interest according to the Islamic requirements.21 partner banks that work for this scheme. This loan is easily available without any hassle and difficulties.
Eligibility Criteria For PM Kamyab Jawan Phase 2 Online Apply 2022
- Candidates Must Holding Pakistani Nationality.
- The Age Limit For Kamyab Jawan Loan is 21 Years to 45 Years Old.
- For IT/ E-Commerce related businesses, the lower age limit will be 18 years.
- Small enterprises (startups and existing businesses) as per the definition of SBP and owned by youth.
- At least Matric Pass Candidates can Apply For Kamyab Jawan Loan Scheme 2022.
- 25% Of Loan is Reserved For Women.
- The Candidates has to Return Loan Amount in Max 8 years.
Required Documents For PM Youth entrepreneurship scheme
The applicant must have pictures / scanned copies of the following documents For PM Kamyab Jawan Phase 2 Online Apply 2022,
1. Clear Visible Picture
2. CNIC – Front and Back separately
3. Educational Degree, upload highest degree
4. Technical Degree, upload relevant to the business applied for
5. Proof of Artisanship / Skilled Labor, if available
6. Experience Certificates, preferably all
7. License, if applicable e.g. for commercial vehicle, medical store etc.
8. NTN and Latest Tax return
9. Reference / Consumer Number of Electricity connection Installed at Residential address
10. Business Feasibility / Estimates of actual/expected business revenues and expenses
11. Any other source of income
12. Registration number of any vehicle registered in your name or in parents name in case of females.
13. Two References CNICs
14. Entity Existence documents in case of Partnership / limited company and relevant approvals.
Additional Documents for Existing Business:
1. Latest Financials – Signed
2. Bank Account Statement or Bank Maintenance Certificate
How to Apply For PM Nojawan karza scheme 2022
- Application Form for PM Kamyab Jawan Phase 2 Online Apply 2022 is Available in Both English and Urdu Languages .
- Candidates can Directly For kamyab jawan program 2022 Through the Official Website www.kamyabjawan.gov.pk
- Please enter the exact CNIC and its Issue Date, otherwise, your application will not be submitted due to Verification.
- Candidates have to Submit Rs 100/- As A Application Processing Fee.
- The Processing Time For PM Loan Program Is 30 days as Clearly mentioned.
- While Filing the Online Loan Application Form , Candidates will be Asked to Provide Following Details:-
- Personal information:
- Qualification Details
- Contact Details
- Business Information
- Financing Details
- Business Plan
- Financing History ( if Any Already Taken)
- References Of Two Persons
|1.||Apply for Loan||Fill online loan application|
|2.||Track||Check status of your loan application|
|3.||Calculator||Calculate loan repayment schedule|
|4.||Video Tutorial||Watch video on how to fill loan application|
|5.||Urdu Manual||Guidelines in Urdu to fill loan application|
|6.||English Manual||Guidelines in English to fill loan application|
PM YES Loan Application Form Related Faqs
How and where can I get information about PM YES Loan scheme 2022?
All the Information Regarding PM kamyab jawan program 2022 is Available on th Official Website. You can Get Information About the PM YES Loan Scheme by Visiting any Nearest Bank.
Can I Applied physically for Loan By Visiting Bank?
No , All the Candidates have to Apply Online For PM YES Program Phase 02 through Official Websites.
Can employed persons also apply for this loan?
Yes. Persons employed in private jobs can also apply. But Government employees are strictly barred from applying under this scheme.