Govt of Pakistan is helping its youth through Prime Minister’s Kamyab Jawan Entrepreneur scheme.
Loans for youth up to 25 Million by Govt of Pakistan
IT and commerce related Entrepreneur can be facilitated through this Loan scheme for up to 25 Million.
Eligibility criteria for availing this loan by state bank of Pakistan is: all men and women must be holding CNIC, aged between 21 and 45 years and must be with entrepreneurial potential. The lower age limit will be 18 years for those who are related to IT and E-commerce business.
People related to Small and medium enterprises (startups and existing businesses) as per definition of SBP and owned by youth as per above mentioned age brackets are also eligible. Minimum Qualification for IT and E-Commerce related business is Matric or equivalent.
Loan is divided into three tiers as follow:
Tier 1 (T1) loans Rs 100,000 to Rs. 1 million
Tier 2 (T2) loans Above Rs 1 million and upto Rs 10 million
Tier 3 (T3) loans Above Rs 10 million and upto Rs 25 million
Women would avail from this loan about 25%.
Visit Official Link: http://www.sbp.org.pk/smefd/circulars/2020/CL21.htm
Form will be in English and urdu both and will require most of the information. The time of processing will be around 30 days and will not exceed it. Fee will be Rs100 only and will be nonrefundable.
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