What is Youth Entrepreneurship Scheme and how to Apply for Youth Entrepreneurship Scheme?
Youth Entrepreneurship Scheme (YES) News
حکومت پنجاب نے منگل کو پنجاب روزگار پروگرام کو حتمی شکل دے دی ہے جس کے ذریعے پہلے مرحلے میں آدھے ملین سے دس لاکھ روپے تک کے نرم قرضوں میں تقسیم کیا جائے گا۔
دوسرے مرحلے میں نرم قرضوں کی فراہمی کی حد میں پچاس لاکھ روپے تک اضافہ کیا جائے گا۔ یہ منظوری وزیر صنعت و تجارت میاں اسلم اقبال کے ہمراہ وزیر خزانہ ہاشم جوان بخش کے زیرصدارت اجلاس میں دی گئی۔
اس سے قبل اس اسکیم کے بارے میں حتمی تجویز اسٹیئرنگ کمیٹی کو پیش کی گئی تھی۔ وزیر موصوف نے اجلاس میں شرکاء سے خطاب کرتے ہوئے انکشاف کیا کہ پی ٹی آئی حکومت کورونا وبائی امراض سے متاثرہ کاروبار کی بحالی اور نیا بزنس شروع کرنے کے لئے بینک آف پنجاب کے اشتراک سے نرم قرضوں کی ادائیگی کا میگا پروگرام شروع کررہی ہے۔
انہوں نے نشاندہی کی کہ رواں مالی سال میں اس میگا پروگرام کے لئے 9 ارب روپے رکھے گئے ہیں۔ اسلم اقبال نے آگاہ کیا کہ نرم قرضوں کی فراہمی کے لئے شفاف طریقہ کار وضع کیا جائے گا۔
انہوں نے زور دے کر کہا کہ یہ نرم قرضے کسی بھی سیاسی وابستگی سے قطع نظر شفاف نظام کے تحت تقسیم کیے جائیں گے۔ وزیر نے اس بات پر زور دیا کہ ایسے میگا پروگرام کے تحت نرم قرضوں کی فراہمی کے ساتھ روزگار کے نئے مواقع پیدا کرنے کے ساتھ معاشی سرگرمیوں میں اضافہ کیا جائے گا۔
Youth Entrepreneurship Scheme (YES) Details
Prime Minister Youth business loan scheme – Youth Entrepreneurship Scheme is for the youth of the Country to get better opportunities for employment and economic empowerment in the society launched by Govt. of Pakistan.
All eligible persons can apply for the loan by visiting Kamyab Jawan Portal at here. No other mode of application submission other than through the designated online portal is acceptable.
How to Apply for Youth Entrepreneurship Scheme (YES)
All eligible persons can apply for the loan by visiting Kamyab Jawan Portal at https://www.kamyabjawan.gov.pk/BankForm/newApplicantForm.
Video for Application Procedure about YES – قرض حاصل کرنے کیلئے درخواست پُر کرنے کا طریقہ کار تفصیل سے
Calculator for Youth Entrepreneurship Scheme (YES)
Features of Youth Entrepreneurship Scheme (YES)
Age: Age between 21 to 45 Years as per CNIC at the time of application submission. For IT/E-Commerce related businesses, the lower age limit is 18 years, holding at least minimum Matric or equivalent education.
Gender: Men/Women/Transgender
Type of Businesses: Small and medium Enterprises (startups and existing businesses) as per definition of SBP and owned by youth as per above mentioned age brackets.
Loan Size, Pricing & Security:
| Tier | Loan Amount | Pricing | Security |
| T-I | Rs. 0.1 M to Rs. 1 M | 3% per annum | Clean loan |
| T-II | Above Rs. 1 M up to Rs 10 M | 4% per annum | Secured loan |
| T-III | Above Rs. 10 M up to Rs 25 M | 5% per annum | Secured loan |
Purpose of Loan: Setting up of New Business
2. Expansion of Existing Business
Equity: For New Business:
T-I: 10%
T-II & T-III: 20%
For Existing Businesses:
NIL
Sectors: All sectors including agriculture
Loan Type: Long Term Loan
2. Working Capital Loan
3. Leasing/financing of locally manufactured vehicles. Only one vehicle per borrower is allowed.
Loan Tenor: Up to 8 Years with Maximum Grace Period of up to 1 Year
Loan Repayment: Based on Equal Monthly Installment (EMI) payable on the 1st of every month
Fees & Charges: Processing Fee: Rs. 100 Other Charges: At Actuals
Documentation Requirement for Youth Entrepreneurship Scheme (YES)
The applicant must have pictures / scanned copies of the following documents, whichever relevant, before starting their application:
1. Clear Visible Picture
2. CNIC – Front and Back separately
3. Educational Degree, upload highest degree
4. Technical Degree, upload relevant to the business applied for
5. Proof of Artisanship / Skilled Labor, if available
6. Experience Certificates, preferably all
7. License, if applicable e.g. for commercial vehicle, medical store etc. In case you have applied for the license upload the receipt exhibiting the same.
8. NTN and Latest Tax return, we recommend to get NTN issued before filing application
9. Reference / Consumer Number of Electricity connection Installed at Residential address
10. Business Feasibility / Estimates of actual/expected business revenues and expenses
11. A brief business write-up
12. Any other source of income e.g. foreign remittance, salary income, agriculture income etc.
13. Registration number of any vehicle registered in your name or in parents name in case of females.
14. Two References CNICs
15. Entity Existence documents in case of Partnership / limited company and relevant approvals.
Additional Documents for Existing Business:
1. Latest Financials – Signed
2. Recommendation Letter from Chamber / Trade Body / Union / Association
3. Reference / Consumer Number of Electricity connection Installed at the business address
4. Bank Account Statement or Bank Maintenance Certificate.
Preferred Sectors for Youth Entrepreneurship Scheme (YES)
Services:
- Beauty Clinic
- Boutique
- Footwear Retail
- Interior Decoration
- Medical Store
- Montessori School
- Wholesale/ Distribution Agency
Livestock
- Dairy Farming
- Meat Shop
- Poultry Farming
- Veterinary Clinic
Engineering and Manufacturing
- Auto and Tractor Parts Manufacturing
- Engineering Workshops
- Furniture Manufacturing Unit
- Handmade Carpets and Rugs Manufacturing
- Injection moulding plastic products
- Leather goods manufacturing
Minerals
- Marble & Onyx Products manufacturing
- Marble mosaic development center
- Marble tiles manufacturing unit
Agriculture & Fruit Processing
- Fruit grading & packaging
- Seed oil extraction unit
Food
- Bakery & confectionary
- Catering & decorating services
- Restaurant or fast food
