Kamyab Jawan program is the first program launch by PM Imran Khan. Through this program, millions of educated and talented youth are being provided with resources and opportunities.
100 billion worth of capital will be utilized to the youth in the form of loans through the Ambit Youth Program. It will help tackle challenges such as unemployment and poverty and contribute to the role of youth in the development of the country’s economy.
Three Catagory of Kamyab jawan Loan Program
Under this program, There are 3 different categories.
In the first category, non-interest loans worth Rs 10,000 to Rs 100,000 will be provided under the most transparent system. The second category will offer loans on the simplest terms worth between Rs. 100,000 to Rs. 500,000. In the third category, loans of Rs. 500,000 to Rs. 50,00,000 will be provided.
The program will directly benefit one million young people and young people from across the country will be able to submit online applications using www.kamyabjawan.gov.pk. There is no written request or forms available for the loan other than the online portal.
25% of the quota has been earmarked for women to make sure their contribution to capital and economic activities. An advanced and highly transparent system of credit distribution has been established through the scrutiny of applications. Which will be fully monitored by the Prime Minister’s Office.
The loan amount will be issued through National Bank of Pakistan, Bank of Khyber and Bank of Punjab after requests received from across the country. The aforementioned banks will process the applications under the secret scorecard for the first time in the country’s history and decide in 30 to 45 days to approve or reject any request.
Young people will be able to submit the feasibility of a business plan they have created or use one of the feasibility provided to support them.
200 Feasibility created online to help youth with different business ideas. This program will significantly increase the opportunities available to small and medium enterprises. Prior to this program, the SME sector has a loan of Rs 145,000 and 1,39000 new loans will be available for this sector.