It has to come to know that Kamyaab Jawan Program is being organized and inaugurated by PM Imran Khan on dated 17th October 2019, who is the current Prime Minister of Pakistan. Kamyab Jawan Program is for the welfare of youth across the country. Usman Dar is appointed as a special assistant for youth affairs in Pakistan.
It is to socio-economically develop the youth of Pakistan so that they may play their necessary and vital role in the progress of the country. Usman Dar youth affairs assistant deeply briefed the project of the Kamyab Jawan Program to PM of Pakistan like initiatives for skills, training, education, entrepreneurship, etc for youth.
Prime Minister Kamyab Jawan Program
All the agendas have been finalized and are ready to launch the above-said ceremony on October 2019. PMYAP (Prime Minister Youth Affairs Programs) is being inaugurated, planned, and started successfully with the cooperation of other allied and role-playing organizations of Pakistan for the welfare of the country.
Kamyab Jawan Program program would make economically strong and would be called an appreciated able project for the progress of the country.
Only sole motive of this program is to present/offer some important opportunities to the youth of Pakistan to be self-employed. Govt provides from 1 lac to 5 lac business loans in this program. Here I discuss some feathers of Kamyab Jawan Program Inauguration:
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Eligibility Criteria: IT / E-Commerce, age between 21 to 45 both for men and women. At least metric or six months of experience in IT/Commerce.
Loan Type: Capital and Terms Loans.
Loan Size: Loans T1- Rs 1 lac to Rs 5 Lac. Loans T2- 5 Lac to 50 Lac.
Loan Tenor: 8 and above with a maximum grace period of up to 1 year.
Women Priority: At least 25 % of loans will be given to women.
Risk Lessening: Govt would face credit losses only principal portion of the banks as T1 Loans: up to 50 %, T2 Loans: up to 10 %.
Application Form: The form is in a simple format in both English and Urdu language. Processing time will be done in 15 days. Rs.100 will be free for the Non-Refundable form.
Security Requirement: Security arrangement for Loan T1: Clean, however, only personal assurance of the borrower. And T2: As per the bank’s credit policy by own.
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Monitoring: SBP will establish merged info about the loans.
Sectors & Products: SMEDA will design and organize all sectors, projects, undertakings designed, schemes, etc.
Additional measures: criteria for assessing consumerist potential must be developed & put into practice. Executing Agencies under this program should be ensured (EAs).
So let’s see and waits for the Kamyab Jawan Program Inauguration Ceremony by PM on dated 17th Oct 2019 on Thursday. Hope for the best and we pray that my country Pakistan may make progress by leaps and bounds.