In 2019, Prime Minister Imran Khan had launched the ‘Kamyab Jawan Program’, one of the government’s flagship initiatives, to facilitate youth in the country offering a set of opportunities related to skill training, education, civic engagement and entrepreneurship.
The initiative- meaning successful youth, will not only save employment opportunities but also improve the progress of small and medium enterprises by providing loans worth Rs100 billion to youth during five years.
Through six flagship initiatives under the Kamyab Jawan Program, the ‘Youth Entrepreneurship Scheme’ will provide subsidized business loans to young aspiring entrepreneurs for the promotion of the SME sector.
Rs100bn allocated for loans
The government had allocated Rs100 billion for loans under Kamyab Jawan Program
Later, the government enhanced the upper limit of loans received under the ‘Kamyab Jawan’ programme for youth to invest in large businesses.
This will allow budding entrepreneurs to receive a loan of up to Rs25 million instead of five million rupees. The government also decided to reduce the markup rate from eight percent.
A quota of 25 percent has been allocated for women to increase their share in the national economy. Kamyab Jawan program has been prepared under National Youth Development Framework and will act as a milestone to make the youth of the country independent.
Other programs include the startup Pakistan Program’, ‘Green Youth Movement’, ‘Skill for All Program’, ‘Internship Program’ and ‘Jawan Markaz’.
Youth Entrepreneurship Scheme
The scheme visualizes ‘Hunar se Karobar Tak’, where the youth will be graduated from basic assets transfer to interest-free loans to micro and then finally small loans as depicted in the graph.
This is developed in collaboration with three main departments, namely Pakistan Poverty Alleviation Fund (PPAF) which will look after the asset transfer program and the interest-free loan program and State Bank of Pakistan (SBP) along with three major banks (National Bank of Pakistan, Bank of Punjab and Bank of Khyber).
Two tiers have been set up for the loans. T1 loans- from Rs 100,000 to Rs. 0.5 million and T2 loans- above Rs 0.5 million and up to Rs 5 million. Loan from Rs10,000 to Rs100,000 will be interest free. The processing duration of the loan applications is 30 working days.
PM Imran announces 170,000 scholarships
On Tuesday, Prime Minister Imran Khan has said that 170,000 scholarships for skill development will be awarded to the youngsters under Kamyab Jawan Program.
The prime minister in a video message for youngsters detailing the Kamyab Jawan business loan and skill development program urged the youth to take full advantage of the Programs launched by the present government for the creation of job opportunities in the country.
He said 50,000 scholarships will be given for higher technologies, adding that this will not only benefit the youth but also the country as a whole. The government earmarked Rs100 billion for business loans on merit to youngsters who have business plans this year and would increase the budget every year, he said.
PM Imran said the biggest issue faced by the youngsters is unemployment and they would be bringing various programmes to uplift youth in the country.
He said this will enable the youth to get excellent job opportunities as the world is heading towards a revolution in technology, adding that the skill education program also envisages training in several other fields as well.
PM Imran urged that any youth who has a business idea can avail loan facility under Kamyab Jawan Program. The PM informed that this program will be further expanded in order to reach out to more youth.
The Prime Minister said the youth mainly want jobs in the public sector however, actually it is the private sector or the small and medium enterprises where they can get job opportunities in good numbers.
How to Apply from
All Pakistani youth aged between 21 to 45 years can apply for the loan. About 25 percent of the loans will go to women borrowers. In Kamyab Jawan website after landing on the main page, click on ‘Hunarmand Pakistan – Skill for All Program’ in Kamyab Jawan Tab
Click on ‘Trades Offered’ Option
Click on the ‘Apply’ Option in front of your selected Trade
Fill the Form and Press ‘Save’ Option
You May ‘Print’ the Form for Your Latter Use
To Track Your Application Status, Click on ‘Track Application’ Option
Enter Your CNIC Number and Press “Track Application” Button