Kamyab Jawan Program: How To Apply
Here is this new initiative taken up by Imran Khan 'Kamyab Jawan Program', to motivate the youth and to provide them with certain amount to start a venture.
Youngsters in Pakistan have creative ideas, but they lack in investments. And due to lack of investment, the ideas all drain away in a click. In a third world country, it might take ages for a person to earn enough to start a business of their own. And in few cases, you end up corrupting in an organization. To save the youngsters from such tortures, Imran Khan has initiated a program by the name of ‘Kamyab Jawan Program’. Imran Khan has always looked forward to prosperity in youngsters and have been a great support for them, and likewise.
This program offers the students loan, which ranges from 10,000 Rs to 5,000,000 Rs, for a time period of 8 years, including 1 year’s grace period. The loan is divided in to two tiers. Tier 1 comprises of loans of less than or equal to Rs 500,000 with no guarantee of the borrower. Tier 2, on the other hand goes by the bank’s own policies, loaning out an amount more than 500,000 Rs.
Here are a few things that a bank might ask you for, once you apply for Kamyab loan. Mortgage of third-party and applicant’s property, third party guarantees and much more is included. The Debt to Equity ratio goes like 90:10 in Tier 1 & 80:20 in Tier 2.
There is one thing that might bother people. There is an age limit for this program. The applicants can range from 18 years of age to 45 years of age. P.s, not to forget, that 25% of the money goes out the independent women in our society. Thou, due to the increasing interest in the field of IT, the forms have to submitted online only.
You can apply for the program at:
https://yes.kamyabjawan.gov.pk/BankForm/ApplicantForm
Good luck young fellas! We hope you a successful life ahead!
