Prime Minister’s Kamyab Jawan – Youth Entrepreneurship Scheme (YES)
In order to uplift the youth of the country by offering opportunities to utilize their entrepreneurial potential to the fullest, Government of Pakistan is offering low cost business loans up to Rs. 5,000,000/-
Loans can be availed for setting up of new business or expansion of existing one. All eligible persons can apply for the loan by visiting designated online portal (to be announced by GOP) or seek assistance from all participating banks i.e. National Bank of Pakistan, The Bank of Khyber and The Bank of Punjab. No other mode of application submission other than through designated online portal should be acceptable.
Salient Features of YES
All men/women/transgenders holding CNIC, aged between 21 and 45 years with entrepreneurial potential. For IT/E-Commerce related businesses, the lower age limit will be 18 years.
Small Enterprises (startups and existing businesses) as per definition of SBP and owned by youth as per above mentioned age brackets.
For IT/E-Commerce related businesses, at least matriculation and/or experience of at least 6 Months will be required
Focus on Women 25% of the loans will go to women borrowers
Loan Size and Security Loan Amount Security Requirement
Tier I (T-1) Rs. 100,000/- to Rs. 500,000/- Clean loan, only personal guarantee of the borrower
Tier II (T-II) Rs. 500,001/- to Rs. 5,000,000/- 1. Commercial Vehicle
2. Gold Ornaments
3. Government Securities
4. Mortgage of Property
Working Capital Loans
Loan Tenor Up to 8 Years with Maximum Grace Period of up to 1 Year
Debt to Equity Ratio
T-I Loans = 90:10
T-II Loans = 80:20
The borrower’s contribution of equity will be in the form of cash or immovable property and will be required after approval of the loan.
T-I Loans: Fixed @ 6% per annum
T-II Loans: Fixed @ 8% per annum
Fees & Charges
Processing Fee: Rs. 100
Other Charges: At Actuals
Charges of all sorts will only be payable by successful applicants