Wazir-e-Azam Imran Khan Kamyab Naujawan Programme 2020 For Low Interest Loans in Pakistan, Apply Online
Level of unemployment is increasing day by day in Pakistan. Interest rate has reached up to the level of 12.25 percent. Youngsters can not even think to launch a business with loan of such a high mark up. Government of Pakistan Tehrik e Insaf has decided to facilitate the youngsters for launching business of their choice. That’s why federal government has launched a low mark up loan scheme. This scheme is known as PM Kamya Jawan Program 2020.
This page of justtest.pk will provide you complete information about Kamyab Naujawan Programme 2020. You can also download the application form for PM Kamyab Jawan Program 2020 within a second. We shall also provide you all latest news and updates about this loan scheme 2020 for men and women. Local Pakistani citizens from all districts of country are eligible to apply for loan of up to 5 million rupees under this low interest loan scheme. Usman Dar is the head of WAKNP (Wazir-e-Azam Kamyab Naujawan Program. National Youth Council is also working under his leadership.
Details of Prime Minister Imran Khan’s Kamyab Jawan Program 2020
Low mark up loans will be distributed on merit among 1 million citizens of Pakistan. One hundred billion rupees have been reserved for this scheme in first stage. Soon more funds will be allocated. 1/4 loans will be given to females who want to become business women. Lower age limit of applicants is 18 years. Upper age limit is 35 years. No relaxation in age limits will be granted. Remember that your business plan must be feasible. 10% equity will be required for loans of 100000 to 500000 rupees. Interest rate will be 6% for such small loans. 20% equity will be needed for loans of Rs/. 500000 to 5 million rupees. Mark up rate for such big loans will be 8%. Government will pay the rest of mark up to the banks.
You will have to pay application processing fee too. Soon more details will be announced on this blog post. Till then read the details in given in the newspaper cutting. Kindly share the details given on this page with those who need funds on low mark up for launching a new business. Remember that soon more schemes will be launched for youth of Pakistan by this new PTI government. Visit justtest.pk and its facebook page for more information about PM Kamyab Jawan Program 2020 and other federal and provincial government schemes.
PM Kamyab Jawan Program 2020-Download Loan Application Form