Kamyab Jawan – Youth Entrepreneurship Scheme’, for young entrepreneurs and existing businesses between the age group of 21 - 45 years (18 Years for IT sector), is designed to provide subsidized financing through 21 Commercial, Islamic and SME banks under the guidance and supervision of the State Bank of Pakistan.
The loans will be disbursed to SME beneficiaries across Pakistan, covering; Punjab, Sindh, Khyber Pakhtunkhwa, Balochistan, Gilgit Baltistan and Azad Jammu & Kashmir. The Program aims to provide 25% of the loans to women entrepreneurs.
Loans provided through Kamyab Jawan Program are segregated in three tiers: Tier 1 (T1) loans fall in the range of Rs 100,000 to Rs. 1 million, Tier 2 (T2) loans fall in the range of Rs 1 million to Rs 10 million and Tier 3 (T3) loans range from Rs 10 million to Rs 25 million. The loans are provided for a period of up to 8 years with a grace period of 1 year.
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