Prime Minister of Pakistan has taken a new initiative for the jobless youth of Pakistan by announcing Kamyab Jawan Programme on 17 October 2019 in a ceremony held at Islamabad. In this ceremony, P.M announced that Rs 100 Billion has been allocated for Youth Loan under the program. Out of this, 25 bn have been reserved for only women.
Interest Rates on Loan
Prime Minister Imran Khan announced that Loan worth of Rupees 100,000 will be interest-free while above this amount, interest will be applied according to the amount. Loans are divided in two tiers. Loan from 100,000 to 500,000 will be applied 06% interest rate while load from 500,000 to 50,00,000 will be applied 08% interest rate.
What is SMEDA and its role
SMEDA has been given the task for disbursement of kamzab Jawan Programme Loan amongst the Youth. SMEDA is the premier institution of the government of Pakistan under the Ministry of Industries & Production.
SMEDA stands for Small and Medium enterprises development Authority which guides the beneficiaries of Loan. SMEDA provides all guidelines to develop your business and getting a loan. Download SMEDA Guidelines in this guideline, all your questions are included.
Categories of Kamyab Jawan Programme
The following are the Programmes in which people can get a loan , Youth Internship Scheme (YES), Hunar Mand Jawan (Skill of All), Green Youth Movement, Startup Pakistan Program, National Internship Program, and Jawan Markaz.
Who can get Kamyab Jawan Programme Loan
No Education limit is Required for this program. People from all sectors of Pakistan are eligible for this program. For Tier 1, the Age limit is 21 to 45 years at the time of form submission and if the candidate is I.T related field then his age should be a minimum of 18 Years. People from all over Pakistan can benefit themselves from Kamyab Jawan Program.
Which Sectors are Required to Invest or Start Business
People can set their own business like, Sheep Fattening Farm, Veterinary Clinic, Meet Shop, Dairy Farm, Inland Fish Farm, Cut Flower Farm, Grapes Farm, Off-Season Vegetable Form, Strawberry cultivation, Marble Tile Manufacturing Unit, Bakery, Ice Cream, Juice Shop, Parlor, and so many other fields in which you interested or in which you have extra knowledge and experience.