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 welfare of youth across the country. Usman Dar is appointed as a special assistant for youth affairs in Pakistan. It is to socio-economically development for youth of the Pakistan so that they may play their necessary and vital role for the progress of the country. Usman Dar youth affairs assistant deeply briefed about the project of Kamyaab Jawaan Program to PM of Pakistan like initiatives for skills, training, education and entrepreneurship etc for youth.
All the agendas have been finalized and ready to launch the above said ceremony on October, 2019. PMYAP (Prime Minister Youth Affairs Programs) are being inaugurated, planned and started successfully with the cooperative of other allied and role playing organization of the Pakistan for the welfare of country. This program would make economically strong, and would be called appreciate able project for the progress of the country.
Only sole motive of this program is to present/offer some important opportunity to the youth of the Pakistan to be self-employed. Govt provide from 1 lac to 5 lac business loans in this program. Here I discuss some feathers of Kamyab Jawan Program Inauguration:
Eligibility Criteria: IT / E-Commerce, age between 21 to 45 both for men and women. At least metric or six month experience for 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 maximum grace period of up to 1 year.
Women Priority: At least 25 % loans will be given to the women.
Risk Lessening: Govt would face credit losses only principle portion of the banks as T1 Loans: up to 50 %, T2 Loans: up to 10 %.
Application Form: Form is in a simple format in both English and Urdu language. Processing time will be done in 15 days. Rs.100 will be fee for Non-Refundable form.
Security Requirement: Security arrangement for Loan T1: Clean, however, only personal assurance of the borrower. And T2: As per bank’s credit policy by own.
Monitoring: SBP will establish merged info about the loans.
Sectors & Products: SMEDA will design and organized all sectors, projects, undertakings designed, and 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’us sees and waits for the Kamyab Jawan Program Inauguration Ceremony by PM on dated 17th Oct, 2019 on Thursday. Hope for best and we pray that my country Pakistan may make progress by leap and bounds.