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PRIME MINISTER’S KAMYAB JAWAN SCHEME 2020

PRIME MINISTER’S KAMYAB JAWAN SCHEME


In order to provide self-employment opportunities to the unemployed youth, Government of Pakistan is launching Prime Minister’s Kamyab Jawan Youth Entrepreneurship Scheme across the country.












Eligibility Criteria:

  • All Pakistani Nationals holding valid CNIC, aged between 21 and 45 years with entrepreneurial potential are eligible (for IT/ E-Commerce related businesses, the lower age limit will be 18 years).
  • Small enterprises spanning across all business sectors (startups and existing businesses) as per definition of State Bank of Pakistan and owned by youth as per above mentioned age brackets are also eligible. For IT/E-Commerce related businesses, at least matriculation and/or experience of at least six month is required.

Focus on Women:

  • 25% of the loans will go to women borrowers. 

Loan size:

  • Tier 1 (T1) loans- from Rs 100,000 to Rs. 0.5 million.
  • Tier 2 (T2) loans- Above Rs 0.5 million and up to Rs 5 million.

Loan type:

  • Working capital loans and term loans

Loan Tenor:

  • Up to 8 years

Grace Period:

  • Grace period of up to one year (subject to size and nature of the business/loan).

Debt to Equity ratio:

  • T1 loans- 90:10.
  • T2 loans- 80: 20.
  • The borrower's contribution of equity would be in the form of cash or immovable property and will be required after approval of the loan.

Security Requirements:

Security arrangements will be as under:
  • T1 loans: Only personal guarantee of the borrower.
  • T2 loans:  Mortgage of collateral (As per bank’s own credit policy).

Pricing:

Pricing for Working Capital & Term Loans:
  • T1 loans: 6% per year fixed for borrower.
  • T2 loans: 8% per year. fixed for borrower.

Sectors and Products:

  • All sectors. Standardized schemes/ projects/ undertakings designed by SMEDA, or projects designed by private sector service providers or by individuals themselves.

Processing Fee:

  • The processing fee will be Rs.100 (non-refundable).

How to apply:


In case of any query please visit your nearest BOK branch or contact on the following numbers:
  • 24/7 call center 021-111 265 265
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