Kamyab Pakistan Program Online Registration Kamyab Pakistan loan youth loan online apply

Comprehensive Guide to the Kamyab Pakistan Program: Empowering Youth Entrepreneurs

The Kamyab Pakistan Program is a transformative initiative by the Government of Pakistan aimed at empowering the youth by providing them with financial support to start or expand their businesses. This program is part of the broader Prime Minister’s Kamyab Jawan Program, which focuses on fostering entrepreneurship, creating job opportunities, and promoting economic growth across the country.

Key Features of the Kamyab Pakistan Program

Loan Amount: The program offers loans ranging from PKR 100,000 to PKR 25 million, catering to various business needs.
Interest Rates:
- Tier-1 Loans (up to PKR 500,000): 6% per annum.
- Tier-2 Loans (PKR 500,001 to PKR 10 million): 8% per annum.
- Tier-3 Loans (PKR 10.1 million to PKR 25 million): Interest rates as per bank’s policy.
Repayment Tenure: Loans can be repaid over a period of up to 8 years, including a 1-year grace period.
Collateral Requirements:
- Tier-1 Loans: No collateral required; personal guarantee of the borrower suffices.
- Tier-2 and Tier-3 Loans: Collateral requirements are determined based on the bank’s credit policy and may include property mortgages, third-party guarantees, or other securities.
Debt-to-Equity Ratio:
- Tier-1 Loans: 90:10 (borrower equity).
- Tier-2 and Tier-3 Loans: 80:20 (borrower equity).
Eligibility Criteria:
- Age: Applicants must be between 21 and 45 years of age. For IT or e-commerce-related businesses, the minimum age is 18 years.
- Citizenship: Must be a Pakistani citizen.
- Business Type: Applicable to startups and existing SMEs in various sectors, including agriculture, manufacturing, services, and IT.
- Credit History: Applicants should have a clean credit history as per the Electronic Credit Information Bureau (eCIB) report.
Special Quota: 25% of the loans are reserved for female entrepreneurs, promoting gender inclusivity in business development.

Application Process for Kamyab Pakistan Program

Online Registration:
- Visit the official Kamyab Pakistan portal:
- Select the “Youth Entrepreneurship Scheme (YES)”.
- Complete the online application form by providing accurate details, including:
  - CNIC Number.
  - Personal Information.
  - Business Details (type, sector, location).
  - Loan Amount Requested.
  - Equity Contribution (minimum 10%).
- Choose your preferred bank from the list of participating banks.
Document Submission:
- Upload the necessary documents, which may include:
  - CNIC (front and back).
  - Photograph.
  - Educational Certificates.
  - Business Registration Documents (if applicable).
  - Electricity Bill of the business premises.
  - References (names and contact details of two references).
Processing Fee:
- Pay a non-refundable processing fee of PKR 100 through the designated payment methods provided on the portal.
Application Submission:
- Review all entered information for accuracy.
- Submit the application online. Note that once submitted, the application cannot be edited.
Application Tracking:
- After submission, you can track the status of your application by visiting the Kamyab Pakistan portal and entering your CNIC number.
Bank Evaluation:
- Upon successful submission, the selected bank will evaluate your application based on its credit policies.
- If additional information or documentation is required, the bank will contact you.
Loan Approval and Disbursement:
- Upon approval, the bank will notify you and initiate the loan disbursement process.
- The loan amount will be credited to your designated bank account.

Participating Banks in the Kamyab Pakistan Program

Several banks are participating as executing agencies in the Kamyab Pakistan Program, including:

National Bank of Pakistan (NBP)
Bank of Punjab
Bank of Khyber
Meezan Bank
Bank Alfalah
Habib Bank Limited (HBL)
United Bank Limited (UBL)
MCB Bank Limited
Faysal Bank
Al Baraka Bank
Bank Islami
First Women Bank
Askari Bank
Soneri Bank
JS Bank
Dubai Islamic Bank

Applicants can select their preferred bank during the online application process.

Important Considerations

Processing Time: The processing time for loan applications may vary depending on the volume of applications and the bank’s internal procedures. It is advisable to regularly check the status of your application on the Kamyab Pakistan portal.
Loan Utilization: The loan amount should be utilized strictly for the purpose specified in the application, such as business setup, expansion, or working capital.
Repayment Schedule: Ensure timely repayment of the loan as per the agreed-upon schedule to maintain a good credit history.
Equity Contribution: The minimum equity contribution is 10% of the loan amount. This amount should be deposited into your designated bank account before loan disbursement.

Conclusion

The Kamyab Pakistan Program is a commendable initiative by the Government of Pakistan to empower individuals and businesses, fostering economic growth and job creation. By providing accessible financial assistance, the program enables entrepreneurs to realize their business aspirations and contribute to the country’s prosperity.

For more information and to apply, visit the official Kamyab Pakistan portal: