I will share today the Prime Ministers Kamyab Jawan Loan Program Key Features for the awareness of the general. Eligibility Criteria, Size of Loan, Security, loan period etc will be explained in this article.
Eligibility Criteria for Kamyab Jawan Loan Program
All men and women are eligible having the Computerized National Identity Card (CNIC) and between the age of 21 years to 45 years with entrepreneurial potential. In the same way the lower age limit will be 18 years for IT/E-Commerce related business. Further details of the same have been explained at the pics below.
Latest Updates of Loan Scheme for Youth
I am sharing the latest updates of the scheme of loan for youth and the Prime Minister of Pakistan has initiated the same program.
Note: For the latest updates and information please visit the concerned bank branch.
Kamyab Jawan Loan Size
Kamyab Jawan Loan Size has been separated into two Tiers given below:
|Loan Amount Range
|Tier 1 (T1) Loans
|Rs. 100,000 to Rs. 500,000
|Tier 2 (T2) Loans
|Above 500,000 to 5,000,000
Loan Type & Loan Tenure
This loan is working capital loan & term loan and Prime Minister’s Kamyab Jawan Loan will be granted for a period of 8 years and one year as grace period.
Debt to Equity Ratio of Loan
Debt to Equity Ratio of Loan is as under:
Tier 1 Loan – 90:10
Tier 2 Loan – 80:20
Kamyab Jawan Lending Programme Security Requirement
Tier 1 Loan: Personal Guarantee of the borrowers is required (Clean)
Tier 2 Loan: Security requirement for Tier 2 loan will be as per the Bank’s own policies.
Apply for Loan Here
Further details of this loan can be seen at copy of the letter.