The government on Monday announced the relaunch of the Prime Minister’s interest-free and subsidized loan schemes for youth entrepreneurship. The scheme was temporarily suspended for the last five months and was modified to make it more targeted and beneficial for small businesses and agriculture.
“The revised scheme has introduced two new financing components, namely microloans and agricultural loans,” the State Bank of Pakistan (SBP) said in a notification on Monday.
Prime Minister’s Youth Programme
Prime Minister Youth Loan Scheme Last Date. PM Successful Youth Program 2023 Application Form Youth Loan Scheme. Prime Minister Successful Youth Program 2023 Farm Youth Loan Scheme.
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Prime Minister Imran Khan launched the successful Jawan National Youth Development Program and provided a business loan facility for the youth of Pakistan.
Prime Minister Youth Loan Scheme Last Date
Prime Minister Success Answer Interest-Free Loan Scheme for your business has been launched from today Government of Pakistan is starting to receive application forms for this purpose.
Prime Minister Youth Program was launched by Prime Minister Shehbaz Sharif as per the below advertisement the last date for submission of the application form is 30 January 2023.
PM Kamyab Jawan Program 2023 Form Youth Loan Scheme
The Prime Minister will give a 50% loan from the National Bank of Pakistan for the successful response program. And 50% of all other banks are liable.
Applicants can also download the loan application form from the official website of successful answer kamyabjawan.gov.pk. Online loan application is now open Students and youth can also apply online.
Eligibility Criteria Prime Minister Youth Loan Scheme
The age limit of Pakistani Nationality holders is 21 to 45 years male and female applicants are eligible to apply. Age relaxation will be given to candidates who want to invest in information technology or e-commerce business.
There are two types of loan repayment, in the first type; From one lakh to five lakhs and in the second category from five lakhs to fifty lakhs. Category loan seekers should invest 10% from their own pocket. For the B category, loan seekers should invest 20% of their money.
How to apply for Prime Minister Youth Program?
PM Internship Program and partnership with PepsiCo are providing many career opportunities. Interested & all eligible applicants can apply online at www.pmyts.nip.gov.pk. Prime Minister Imran Khan has announced an internship program for which BA degree holders will be able to apply.
How can I check my eligibility for PM loan scheme?
SMEs (only one of the owners, partners or directors should be between 21 and 45 years of age)
All citizens of Pakistan between the age of 21 to 45 years with business abilities.
The minimum age limit for IT/e-commerce businesses will be 18 years.
Which bank is best for Kamyab Jawan loan?
In line with the vision of the Government of Pakistan, Meezan Bank offers a successful youth financing scheme for young entrepreneurs. Eligible persons can apply for the above financing only through the successful Jawan portal: www.kamyabjawan.gov.pk.
Under the Prime Minister’s Successful Answer Program, youth can get loans ranging from one lakh to five lahks. The Government of Pakistan will bear the interest on this business loan and provide interest-free loans to the youth.
The Government of Prime Minister Imran Khan is also responsible for the recovery of loans, in case of any loss or non-repayment of a loan by the applicant.
As per the State Bank of Pakistan (SBP) loan application forms are available at the following bank branches:
- National Bank of Pakistan (NBP)
- Bank of Punjab (BOP)
- Punjab Bank
- Bank of Khyber (BOK)
- Bank Alfalah
Banks/DFIs/MFBs are advised to develop their systems for successful implementation of the scheme and to avoid any misuse of the scheme. Eligible borrowers can apply for loans on the PM Youth portal immediately after the official launch of the scheme by the Prime Minister’s Office.
Prime Minister Youth Loan Scheme Online Apply: Click Here