Kamyab Jawan Program: How to apply for Rs 10000 to Rs 5 million loan

Kamyab Jawan Program: Loans from Rs 10,000 Rs 100,000 will be without interest and will be distributed on priority basis in 45 under privileged districts of Pakistan.

By Web Desk

October 18, 2019

KARACHI: Kamyab Jawan Program—successful youth program— has been launched in Pakistan in order to provide self-employment opportunities to the unemployed youth of the county. Under the Kamyab Jawan Program, Rs 100 billion will be provided as loans among the youth for their business ventures in five years. This program will benefit over one million youth, it is anticipated.

• Mortgage of Applicant Property (Residential/ Commercial/ Agricultural etc.)
• Mortgage of Third Party Property Residential/ Commercial etc.)
• Hire purchase of vehicles (Joint registration)
• Lien on marketable securities/certificate of deposits/ national savings certificates etc.)
• Hypothecation of current and fixed assets including stocks and receivables
• Pledge of gold ornaments
• Registered charge on business assets in case of joint stock companies
• Third party guarantees

Note: All submitted applications will take a process of 30 working days