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Prime Minister’s Kamyab Jawan Youth Entrepreneur SchemePrime Minister’s Kamyab Jawan Youth Entrepreneur Scheme

Prime Minister’s Kamyab Jawan Youth Entrepreneur Scheme

In order to provide self-employment opportunities to unemployed youth, Government of Pakistan had launched ‘Prime Minister’s Kamyab Jawan SME Financing Programme’ 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/transgender holding CNIC, aged between 21 and 45 years for individual/sole proprietor or any one of the stakeholders (however IB for IT professionals/E-Commerce) with entrepreneurial potential.
  • Small and medium enterprises (startups and existing businesses) as per definition of SP and owned by youth as per above–mentioned age brackets are also eligible.
  • For IT/F-Commerce related businesses, at least matriculation or equivalent education will be required.

Financing Structure

– Working Capital financing Including Musawamah, Istisna and long term financing including Diminishing Musharakah (DM) (for machinery/equipment and locally manufactured vehicles (one vehicle per customer)

Tier Limit Caps (PKR) Pricing Financing/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

Financing tenor

  • Up to 8 years with maximum grace period of up to 1 year.

Security Requirements

Security arrangements will be as under:

  • T1 financing; Clean; however only personal guarantee of the customer.
  • T2 and T3 Financing: As per Bank’s own credit policy.
  • Vehicle financed under TI, T2 and T3 to serve as collateral.

Gender Equality

  • 25% of the financings will go to women customer.

Target Market (Geography/Sectors)

  • All business segments/sectors spread across Pakistan, including Agriculture.

Application Process

Apply through PMKJ-YE5 Online Portal (www.kamyabjawan.gov.pk) with an application processing TAT of 30 days.