Prime Minister’s ‘Kamyab soldier – Youth Entrepreneurship Scheme’, for young entrepreneurs and existing businesses between the age bracket of twenty one – forty five years (18 Years for IT sector), is intended to produce sponsored funding through twenty one business, monotheism and SME banks below the steerage and management of the banking company of West Pakistan.

The loans are going to be disbursed to SME beneficiaries across West Pakistan, covering; geographical region, Sindh, Khyber Pakhtunkhwa, Balochistan, Gilgit Baltistan and Azad Jammu & geographic region. The Program aims to produce twenty fifth of the loans to ladies entrepreneurs.

Loans provided through Kamyab soldier Program area unit isolated in 3 tiers: Tier one (T1) loans fall within the vary of Rs one hundred,000 to Rs. 1 million, Tier a pair of (T2) loans fall within the vary of Rs one million to Rs ten million and Tier three (T3) loans vary from Rs ten million to Rs twenty five million. The loans area unit provided for a amount of up to eight years with a grace amount of one year.

The Borrower’s contribution of equity would be within the variety of money or immobile property and can be needed when approval of the loan. Following area unit the conditions for debt to equity

1. New Businesses

The new business would be needed to possess a debt to equity quantitative relation ;

Tier 1) 90:10 @ three-dimensional markup

Tier 2) 80:20 @ four-dimensional markup

Tier 3) 80: twenty @ five-hitter markup

2. Existing Businesses

No equity contribution is needed of existing businesses that area unit applying for the loan.

SMEDA has been tasked with Associate in Nursing informative role within the implementation of PM’s theme.

Frequently Asked queries (FAQs)

GENERAL:

How and wherever am i able to get data regarding this scheme?
All the knowledge concerning loan theme is accessible onhttps://kamyabjawan.gov.pk/home/yesprogram. Besides, you’ll contact nearest branches of participating banks for steerage and help.
Who will apply?
i. All men/women holding CNIC, aged between twenty one and forty five years with entrepreneurial potential area unit
eligible. For IT/ E-Commerce connected businesses, the lower ordinance are going to be eighteen years.
ii. Tiny and medium enterprises (startups and existing businesses) as per definition of SBP and
owned by youth as per higher than mentioned age brackets also are eligible.
For IT/E-Commerce connected businesses, a minimum of admission or equivalent education are going to be needed.
How am i able to apply for this loan?
Simply fill the shape at the subsequent link/ address and submit:
https://kamyabjawan.gov.pk/bankform/newapplicantform
Is this theme just for startups?
No. This theme is for each startups yet as existing small and little business enterprises.
Why was part one closed?
Phase I wasn’t closed down rather it’s been integrated into clinical test because of the implications two-faced when
Covid-19. To any facilitate youth, mark-up rate has been small, limits are multiplied overall.
Can those that applied in part one reapply?

Yes, they will reapply. Please note that the new terms and condition of clinical test are going to be applied on new applications.
My application was below method in part one. ought to I re-apply?
You will be contacted by your selected bank once the method is complete. but you’ll invariably re-apply if you would like to avail the rise in most loan size proclaimed below clinical test.
Can loan be applied physically in branches?
No physical application isn’t allowed. All applications need to be submitted on-line at the subsequent link/
address: https://kamyabjawan.gov.pk/bankform/newapplicantform
Which banks area unit taking part during this scheme?
Following banks area unit taking part during this scheme:

• Allied Bank restricted
•  Albaraka Bank restricted
• Askari Bank restricted
•  Bank Al Falah
•  Bank Al Habib
•  BankIslami West Pakistan restricted
•  Bank of Khyber
•  Bank of geographical region
• city monotheism Bank restricted
• Faysal Bank restricted
•  1st girl Bank restricted
• Habib Bank restricted
• Habib Metropolitan Bank restricted
• JS Bank restricted
• MCB Bank restricted
• Meezan Bank restricted
•  MCB monotheism Bank restricted
•  commercial bank of West Pakistan
•  Sindh Bank restricted
•  Soneri Bank restricted

 United Bank restricted
What is the most and minimum age demand for applicants?
The minimum age for the mortal below this theme is twenty one years at the time of application submission.
However, it’s relaxable to eighteen years just in case of candidates applying for IT or laptop connected businesses.
The maximum ordinance is forty five years at the time of application submission
What if an individual’s age is at intervals most ordinance at the time of application submission however exceeds this limit by the loan is approved and/or disbursed.
Applicant is needed to be forty five years or less in age at the time of application submission. If an individual was 45 years aged at the time of application submission and his age exceeded forty five years before the loan was approved and/ or disbursed, this may not have an effect on the eligibility of mortal.
What is the minimum academic demand for Associate in Nursing applicant?

There is no general demand of minimum academic qualification, tho’ it’ll be a good
consideration for deciding by banks. However, just in case of companies that mandatorily need certain qualification, certifications, diplomas, authorizations or licenses, constant should be command by theapplicant.
Does any gender have any priority? 
There is no gender discrimination during this theme and candidates of all genders area unit offered equal
opportunities. However, considering the bottom realities and to guard the truthful gender, a minimum of25% share on mixture basis of all loans is unbroken for girls.
Can used persons additionally apply for this loan?
Yes. Persons used in camera jobs also can apply.
Can Associate in Nursing existing businessmen additionally get pleasure from this scheme?
Yes. Existing small and little enterprises also can get pleasure from this theme.
Can over one person of constant family apply for this loan singly and independently?
Yes. However, one friend cannot apply in another’s name.
Can 2 or a lot of person conjointly apply?
Yes. however they’re going to be conjointly and severally (individually) accountable for the loan.
Can a non-resident Pakistani apply?
No. This theme is simply for resident Pakistanis.
How many loans will an individual avail?
A person cannot avail over one loan. However, when the reimbursement of his/ her 1st loan andissuance of clearance certificate from his/her bank, he/she might apply for second loan.
Can blood relatives of staff of taking part banks apply?
Blood relatives of staff of taking part banks cannot apply for loans below this theme from the banks wherever their blood relatives area unit used. this can be a necessary live to avoid conflict of interest.
However, these blood relatives might apply for loans below this theme from banks aside from thosewhere their blood relatives area unit used.
Can government staff apply?
No. Government staff area unit strictly barred from applying below this theme.

APPLICATION SUBMISSION:

Can anybody facilitate American state in submitting the application form?
You can contact nearest branches of taking part banks for steerage and help. furthermore you’ll visit Citizens’ Portal app for connected queries.

Is there any process fee to be acquired application?

You only need to pay Rs. 100/= (Rupees 100 Only) as a process fee comprehensive of NADRA

online CNIC verification fee.

Is this process fee refundable?

No, process fee is non-refundable.

When and the way am i able to withdraw my application?
You can withdraw your application any time before your application is approved or rejected. In caseyour application is approved, you’ll withdraw your application by rejecting the provide. just in case yourapplication is rejected, you can not withdraw your application and therefore the standing of your application can remain as ‘rejected’.
How do i might grasp that my application has been accepted for processing?
Upon submission of your application on the portal and verification of credentials by NADRA, an SMSmessage are going to be delivered to your provided cell range with confirmation of application submission and details of your elect bank and assigned branch.
What if I incorrectly stuffed a kind and required a reprint/ another form?
There is no physical kind. Application forms will solely be stuffed and submitted on-line at this address:
kamyabjawan.gov.pk. to assist you check and proper or createchanges, you’ll fill out the shape at portal and save before submission for proof reading and corrections. however no corrections is created when Associate in Nursing application is submitted. Therefore, all candidates are suggested to fill out the shape properly and with utmost care. Save the stuffed out kind before submission, proof browse all the fields for accuracy then submit it.

Are there any business consultants appointed to facilitate candidates in submission of loan applications?
There are not any consultants appointed for this purpose. but the academic video and manuals in both English and Urdu languages area unit accessible on the portal to assist you fill the shape handily.
Moreover you’ll visit Citizens’ Portal app if you any have any queries.
Can any business adviser guarantee the success of loan application?
All candidates area unit powerfully suggested to refrain from mistreatment any unethical suggests that to influence the choice making method. This theme is completely supported advantage. nobody or entity will guarantee the success or otherwise of any application submitted during this theme. All applications yielding with the terms and conditions of the theme are going to be treated strictly on advantage and as per the credit policies of the participating banks, SBP laws and relevant laws and rules. Any effort to influence the choice making method can render that mortal for good ineligible.
Are there any way, special or high success branches and/ or areas nominative for this scheme?

There is no way, special or high success branches or areas. there’s a typical procedure and timeline for process of applications for all taking part banks.

ELIGIBLE BUSINESSES

What form of businesses area unit eligible below the scheme?
All businesses that area unit moral and permissible below the law area unit eligible for this theme.
Is there a positive businesses list?
There is no positive or negative list of companies intrinsically. However, candidates area unit suggested to pick businesses that area unit moral, legal, and commercially viable in their individual areas and that they possess needed minimum information, experience, coaching and support.

Is there a negative businesses list?

There is no positive or negative list of companies intrinsically. However, candidates area unit suggested to pick businesses that area unit moral, legal, commercially viable, and appropriate for applicants’ individual areas and for which candidates possess needed minimum information, experience, coaching and support.

How do I select a business that suits me?
Applicants area unit suggested to pick businesses that area unit moral, legal, commercially viable, and appropriate for applicants’ individual areas and that candidates possess needed minimum information, experience, training and support.
Can I submit my very own business practicableness report?
Yes.
What factors i need to think about before choosing a business?
An mortal should choose business terribly rigorously and for this purpose thought of following factors isextremely important:
 Regional suitableness and appropriateness of business Applicant’s own motivation and ability

Applicant’s skillset, experience, education and coaching

Demand for product/ services of business and existing offer (Competition)

Business started price and gestation time

 Minimum fastened overheads and break-even purpose

 Revenues and margins

Relevant predictable Risks and accessible mitigates  SECURITY & COLLATERAL

Can I offer a 3rd party collateral to secure my loan?

Yes, third party collateral is eligible below this theme subject to acceptance of taking part banks.

Can Associate in Nursing mortal modification the collateral offered?
Applicant cannot modification the collateral offered when a loan is disbursed unilaterally and while not the
consent of the bank.
What area unit the legal charges and UN agency bears them?
Legal charges would rely upon collateral kind and should vary from bank to bank. Customers would paythese charges on price basis.
What are unit the collateral valuation charges and UN agency bears them?
Valuation charges would rely upon collateral kind and should vary from bank to bank. Customers would
pay these charges on price basis.

PRICING, EQUITY AND REPAYMENT TERMS

what is the markup rate for this scheme?
Loans provided below Prime Minister’s Kamyab Jawan Program clinical trial area unit separate into three tiers.

•  Tier 1: The vary is one hundred,000 upto one million PKR with three-d markup.
•  Tier 2: The vary is on top of one Million upto ten Million PKR with four-dimensional markup.

Tier 3: The vary is on top of ten Million upto twenty five Million PKR with five-hitter markup
How would the loan be repaid?
Loan are often repaid in equal monthly, quarterly, bi-annually or annually installments. However, the exact repayment terms would depend on the precise business sorts and banks’ call. The someone is
encouraged to barter these terms at the time of finalisation of loan with the bank.
Is there any grace period?
Scheme permits a most of 1-year grace amount. However, the precise grace amount would depend on the specific business sorts and banks’ call. The someone is inspired to barter these terms at the time of finalisation of loan with the bank.
Would I be needed to create any payments throughout grace period?
Scheme permits a most of 1-year grace amount. However, the precise grace amount would depend on the specific business sorts and banks’ call. throughout grace amount, candidates could also be needed to create
Zero payments with accumulated grace amount markup capitalized and repaid over the tenor, or Payment of markup solely.
Can I build early repayments (balloon payments) additionally to my written agreement re-payments?
Yes. candidates will build early repayments throughout the loan tenor which might scale back the principal portion of their liability. there’s no limit on the amount of balloon payments. A receiver will build balloon payments as long as the loan is regular, that’s there aren’t any owed installments. associate someone making balloon payment has the choice to cut back the loan compensation amount, or have the installment reduced or prefer a mixture of each of those choices. Subject to terms negotiated with bank.
How many balloon payments area unit allowed?
There is no limit on the amount of balloon payments. Subject to terms negotiated with bank.
Are there any conditions for balloon payments?
A receiver will build balloon payments as long as the loan is regular, that’s there aren’t any owedinstallments. Subject to term negotiated with the bank.
Are there any choices just in case of balloon payments?
An someone creating balloon payment has the choice to cut back the loan compensation amount, or have the installment reduced or prefer a mixture of each of those choices.
Can I repay the loan fully before the contracted maturity period?
An someone will repay the loan fully any time before the loan maturity. There aren’t any penal charges for such early compensation. Subject to terms negotiated with the bank.
Is there any penalty for early repayments?
An someone will repay the loan fully any time before the loan maturity. There aren’t any penal charges for such early compensation. Subject to terms negotiated with the bank.

LOAN sanctionative & DISBURSEMENT

What is the loan sanctionative process?

Loan sanctionative method, generally, consists of following stages:
1) NADRA Verification of Credentials
2) telecom verification by bank of someone
3) Verification of candidates credit history through SBP
4) Physical verification of someone. for brand new business someone the projected web site of business on. with residence are going to be verified and for existing business, there business location are going to be verified.
5) Analysis of business practicability provided by someone
6) Credit call by bank supported risk analysis
7) If approved, then someone should offer timely security/collateral still as needed equity contribution.
The on top of processes area unit given as a general guideline solely, the precise method might vary from bank to bank per their own internal processes. someone should prepare themselves consequently for a vigorous verification procedure.

How much time is taken when making a decision on loan application?
The time interval of associate application depends on the amount of applications received by every bank.
This is a five year program and process are going to be done consequently. candidates of section one are going to be given 1st priority in second section. New candidates are going to be processed on 1st come back 1st served basis. to cut back the time of method, candidates area unit requested to possess themselves ready for a rigorous verification procedure.
Is there any means I will determine the standing of my application throughout the loan process stage?
Yes. you’ll check the standing of your application on the Kamyab Jawan  portal.
https://kamyabjawan.gov.pk.
How would i do know if my application has been approved or rejected?
You can check the standing of your application on the Kmayab Jawan portal
kamyabjawan.gov.pk/yesprogram. Besides, whenever associate application is approved orrejected, the bank can send associate SMS to the applicant’s provided cell range apprising him/her of thedecision on his/her application.
Where am i able to complain regarding spare delays within the process of my loan application?
Visit Citizens’ Portal App if you’ve got any grievance or question.
What is the method when a loan is approved?
After a loan is sanctioned and client is notified through SMS and someone has accepted the supply,
following steps area unit needed to be taken:

•  someone needs to open associate account with the bank
• Deposit needed equit
• offer collateral, if needed
•  Execute legal forms

If a application is approved, is it secure that loan are going to be disbursed to the applicant?
Applicant needs to fulfill all pre-disbursement formalities as mentioned within the supply Letter. Loan shall not be disbursed till all formalities as needed within the supply letter area unit completed.
Is it potential that a loan approved by bank is a smaller amount than the quantity someone had applied for? 
Yes. The sanctioned quantity is calculated when an intensive credit {decision making|deciding|higher cognitive method} process and should be less than the quantity applied for by the someone.
APPLICATION FILLING
QUALIFICATION DETAIL

I am mean however I don’t have any certification, what variety of different proofs area unit acceptable?
You may transfer expertise certificate or recommendation letter. Please note that uploading proof is not required.
Do i want to transfer all my academic degrees/certifications?
No, solely transfer the foremost recent academic certificate/degree. but quite one degree are often combined into one file then uploaded.
I have quite one technical skills certificate, what ought to I upload?
Upload the foremost relevant certification. just in case all of your certifications area unit relevant then mix them in a single pdf file and transfer BUSINESS data
My relevant trade class, business or subsector isn’t within the change posture menu. You can select the choice ‘Other’. but banks like specific answers.
Can I amendment my business name any time later?
Yes it are often modified, however, any amendment are going to be needed to be registered with the bank and documentation can need to be updated consequently.
Can associate someone amendment his chosen business when application submission?
No. someone cannot amendment the business he/she had chosen when associate application is submitted.
However, someone will withdraw his /her submitted application and apply anew with the modified business.
Am I eligible to use if my business isn’t registered?
Yes, you’ll apply. but priority are going to be given to the registered businesses. I have an internet business and don’t have any physical address of my business.

What ought to mention?
Mention your residential address.
I have a cab/taxi business. What ought to I mention below business address?
Mention your residential address.
My utility bill isn’t registered in my name. Do I still ought to mention the patron ID of my utility bill?
Yes, it’s required to say the patron ID range of utility bill of your residence, and just in case of an existing business, of the business location, albeit it’s not in your name.
Is it obligatory to possess NTN before applying for the loan?
It is not required, but having associate NTN can increase probabilities of success for the someone.
What is entity type?

• Are you able to please elaborate the choices mentioned in its change posture menu. Entity kind suggests that the essential possession structure of your business.
•  A sole ownership could be a style of doing business wherever one person owns and runs a business under a selected business name. anyone fascinated by doing a business might begin a similar at any time by giving a specific name to its business. to begin a business as a “soleproprietorship” no previous registration of it’s needed with any section or authority.
• A partnership firm could be a relationship between 2 or additional persons World Health Organization have united to share profits of a business per their participation. The partners area unit conjointly referred to as a “firm” and the name below that they are doing business is termed the “firm name”. Any 2 or additional persons
  (up to 20) will type a partnership {to do to try to  try associated do} anybody or additional businesses through an agreement in writing. it’s not required in law to register a partnership. However, a registered partnership has additional blessings than associate un-registered partnership.
•  A Ltd. suggests that an organization having a limit on the liability of its members.
  (a) an organization restricted by shares suggests that a company; having the liability of its members restricted
  by the memoranda to the extent of quantity, if any, remaining unpaid on the shares
  respectively control by them;
  (b) an organization restricted by guarantee suggests that an organization having the liability of its members limited by the memoranda to such quantity because the members might severally there by undertake to contribute to the assets of the corporate within the event of its being aroused.
  LOAN DETAILS
  Do all the banks have same choice criteria?
  Yes, all the banks have same choice criteria.
  Can you apply for the loan through quite one banks?
  No
  What is tier type?
  Loans provided below Prime Minister’s Kamyab Jawan Program clinical trial area unit separate into three tiers.
• Tier 1: The vary is one hundred,000 to one million PKR with three-d markup.
• Tier 2: The vary is one Million to ten Million PKR with four-dimensional markup
• Tier 3: The vary is on top of ten Million to twenty five Million PKR with five-hitter markup.
  What is the most tenure of loan?
  The most tenure for compensation of loan is eight years together with a maximum of 1-year grace amount.
  However, the precise loan period and charm amount for every loan depends on variety of business and judgment and higher cognitive process of taking part banks.
  What ought to I write below equity contribution?
  The equity contribution is your own money input within the business from the quantity you already possess.
  For example: if the overall calculable price of your business is four animal product. you’ve got two animal product from your own income/resources and you’re applying for the two animal product loan. therefore therein case your equity contribution within the
  business would be five hundredth.
  How much equity do i want to deposit/pay from my very own sources?
  Please note that equity is merely needed for brand new businesses. For loans adequate to Rs. 100,000 and upto Rs.1 million (Tier-1), minimum equity needed is 100% whereas for loans on top of Rs. one million upto Rs. 25 million (Tier-2 & Tier-3), minimum equity needed is 2 hundredth. Existing businesses don’t seem to be needed any equity.
  Is this equity needed to be in money only?
  The Borrower’s contribution of equity may be within the style of money or immobile property and can be required when approval of loan.

SECURITY DETAILS

Do I would like to supply security for loan below all tier types?
No, security isn’t needed for tier one.
What form of assets is provided as a security?
You can supply vehicle, land, ornaments, peace or personal security. peace is investment in government bonds whereas personal security is investment in any bond/company shares.
What form of documented proof needed for the safety offered?
Land possession documents, vehicle registration document, signed and sealed market price of theornaments by bank’s selected approved jeweler or scanned copy of public/private securities.
What ought to be the worth of security offered/collateral?
The acceptable worth of the collateral would rely upon the sort of collateral and also the credit policies of collaborating banks. However, as a general rule, the sales agreement worth of Collateral ought to amply cover the loan quantity, markup on loan and attainable legal proceeding prices.

What form of current assets do i would like to mention?
Current assets area unit for a shorter amount of your time employed in the every day operations of a business to stay it running. for instance money, money equivalents, assets, stock inventory, market able securities, pre-paid liabilities, and different assets.
What form of fastened assets do i would like to mention?
Fixed assets area unit long-run, physical assets like machinery, plant, equipment, shop/building ownership etc.
What do i would like to say in current liabilities?
If applicable mention accounts collectable, short debts, financial gain taxes owed etc.
What do i would like to say in long-run liabilities?
If applicable mention your long run liabilities e.g. bonds collectable, long-run loans, capital leases,
deferred financial gain taxes etc.
Am I still needed to say business revenue just in case of recent business?
Yes, mention rough calculable revenue.
I don’t have any current workers.
In that case kind ‘0’.
Is it obligatory to transfer recommendation letter?
Only the fields with (*) area unit obligatory.
REFERENCES
Can I give personal references or solely skilled references area unit required?
Please note that you just cannot add reference of your blood relatives. Contact details of the other person/acquaintances is mentioned as a reference.
How to grievance or leave a query?
Visit Citizens’ Portal App if you have got any grievance or question