“Hunar se Karobar Tak”
In order to provide self-employment opportunities to unemployed youth, Government of Pakistan had launched “Prime Minister’s Kamyab Jawan SME Lending Program” across the country in Jul-2019, which was later renamed as Prime Minister’s Kamyab Jawan Youth Entrepreneurship Scheme (PMKJ-YES) in Jul-2020. Bank Alfalah has been nominated as Participating Bank in Phase-2 launched on 12-Aug-2020.
Eligibility
- All men/women/transgenders holding CNIC, aged between 21 and 45 years for individual/sole proprietor or any one of the stakeholders (however 18 for IT professionals/E-Commerce) with entrepreneurial potential.
- Small and medium enterprises (startups and existing businesses) as per definition of SBP and owned by youth as per above-mentioned age brackets are also eligible.
- For IT/E-Commerce related businesses, at least matriculation or equivalent education will be required.
Loan Structure
- Long Term Loan / Working Capital Loan including Murabaha and leasing/ financing (for Machinery/Equipment & locally manufactured vehicles (one vehicle per borrower))
| Tier | Limit Caps (PKR) | Pricing | Debt/Equity Participation |
| Tier 1 (T1) | From 0.100M to 1.000M | 3.00% p.a. | New Businesses: 90:10
Existing Businesses: Nil |
| Tier 2 (T2) | From 1.001M to 10.000M | 4.00% p.a. | New Businesses: 80: 20
Existing Businesses: Nil |
| Tier 3 (T3) | From 10.001M to 25.000M | 5.00% p.a. |
Loan Tenor
- Upto 8 years with maximum grace period of upto one year.
Security Requirements
- Security arrangements will be as under:
- T1 loans: Clean; however only personal guarantee of the borrower
- T2 & T3 loans: As per bank’s own credit policy
- Vehicle financed under T1, T2 and T3 to serve as collateral
Gender Equality
- 25% of the loans will go to women borrowers.
Target Market (Geography/Sectors)
- All business segments/sectors spread across Pakistan, including Agriculture.
Application Process
- Apply through PMKJ-YES Online Portal (www.kamyabjawan.gov.pk) with an application processing TAT of 30 days.
Terms and Conditions Apply.