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