Kamyab Jawan Program was launched by the Government of Pakistan, to provide interest-free loans under the Youth Entrepreneurship Scheme, which is one of the six schemes under its flagship.
The budget for this scheme is 100 billion, which the Government aims to distribute among 45 underdeveloped districts of the state.
The first phase of the Kamyab Jawan Program Online Apply has been closed. But the second phase is accepting online applications for the Youth Entrepreneurship Scheme (YES).
This scheme is the result of the Prime Minister’s vision to uplift the youth of Pakistan. It provides interest-free loans without pledges to students as well so they can manifest their entrepreneurial potential.
Youth Entrepreneurship Scheme intends to prosper about 52% of Pakistan’s population, and 25% of the loans are allocated specifically for women empowerment. Furthermore, it also provides loans for small on-going business.
Kamyab Jawan Eligibility Criteria for Youth Entrepreneurship Scheme
In phase 1, many applications were submitted to the Government of Pakistan. But people hid their credentials or provided fake information due to which their applications were not entertained by the government.
The government has issued some requirements, eligibility criteria, for submitting loan applications under this scheme. The requirements are listed below:
- They must have a valid CNIC.
- Age should be between 21 and 45.
- They should have entrepreneurial skills for business start-ups.
- Applicants that are under 18 can apply if they are interested in IT business or e-commerce related businesses.
- The applicants with certified or licensed businesses must have a certificate, license, or diploma as evidence.
Now even in Lock down, you will be able to earn through your e-commerce business with the help of kamyab jawan program.
How to Apply for Kamyab Jawan Youth Entrepreneurship Scheme Online?
The complete registration process of Kamyab Jawan Youth Entrepreneurship Scheme is online, thus there is no need to fill and submit hard copies of your documents and forms.
Here is the step by step guide for applying to this scheme:
Visit the official site of Kamyab Jawan Program Portal.
Scroll down a bit and click on Youth Entrepreneurship Scheme.
A new page will open, then click “Apply Online for Loan”. The webpage displaying the application form will open.
The form requires you to submit your information in gradual steps. In “Initial Selection”, provide your bank, business, and other details. Then click on “Next”.
The next section is about your “Personal Information”. It requires your name, CNIC, monthly income, marital status, religion, etc. Enter only your original information, otherwise, your application will not be approved for the loan. After providing all the details, click on “Next”.
Then you will be asked to provide your “Qualification Details”. Submit your qualification, technical education, and skills in this section. Choose “Next”.
The next webpage will need your “Contact Details”. This includes your address, telephone number, email address, and your mobile number details. Click on “Next”.
In this section, provide “Business Details” of your business that you want to upgrade or start. After filling in all details, click “Next”.
Then provide “Financing Details” of your required loan. Here, you will need to provide loan type, tenure, your contribution to your business, etc. Click on “Next”.
In the next section, you have to provide “Security Details” if you are applying for a loan greater than 1 million. In this case, the bank will demand collateral as surety. Then move to the next page.
If you want to start a new business then you will fill in “Business Plan” details. Provide details about your business start-up. If you have selected an on-going business while filling the application you will have to provide details about your present business.
The next page will demand your “Financing History” in the case if you or your family have already taken a loan from a bank, then provide details. Click on “Next”.
In the last, you will be asked for “References” for confirmation. You can provide the reference of any two people other than family and close relatives.
Before submitting your application, you will have to fill a “Declaration” as a confirmation that your details are accurate. Read your form carefully, and click on “Submit”.
You will receive an SMS confirmation on your mobile number after a successful submission of Kamyab Jawan application form.
To learn more about other scheme like that read other blog post on Apna Pakistan.