Prime Minister’s Kamyab Jawan Youth Entrepreneurship Scheme
Government of Pakistan`s has launched Prime Minister’s Kamyab Jawan Youth Entrepreneurship Scheme to facilitate youth by providing affordable financing for establishing new and strengthening existing businesses.
Askari Bank offers the Kamyab Jawan Loan Scheme for young entrepreneurs. Eligible persons can apply for the said loan only through the Kamyab Jawan Portal: https://www.kamyabjawan.gov.pk
Pricing
Product
Customer Pricing
Debt Equity for New Businesses
Financing Limit
Tier 1
3%
90:10
Rs. 0.1 Million upto Rs. 1 Million
Tier 2
4%
80:20
Above Rs. 1 Million upto Rs. 10 Million
Tier 3
5%
80:20
Above Rs. 10 Million upto Rs. 25 Million
Loan Type
Long Term Loan (upto 8 years)
Short Term Loan (1 year)
Leasing / financing of locally manufactured vehicles for commercial use. Only one vehicle per borrower is allowed
Eligibility Criteria
SMEs (Only one of the Owners, Partners or Directors must be in the age bracket 21 and 45)
All citizens of Pakistan holding CNIC aged between 21 and 45 years with entrepreneurial potential
Minimum age limit for IT / E-Commerce businesses 18 years
Security Arrangement
Tier 1 Loan: Clean, however personal guarantee of the borrower
Tier 2 & 3 Loans: As per Bank’s own credit policy
Vehicle financed under T1, T2 & T3 to serve as collateral
Installment
Equal monthly installments
Sector and Products
All sectors and products including agriculture
25 % percent of the loan will be given to female borrowers