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.
– 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 |
Security arrangements will be as under:
Apply through PMKJ-YE5 Online Portal (www.kamyabjawan.gov.pk) with an application processing TAT of 30 days.