The government of Pakistan announced to introduce Kamyab Jawan program officially from next month to empower the 500,000 potent youth economically worth Rs100 billion.
Prime Minister Imran Khan briefed the meeting on the program Kamyab Jawan whilst he informed that under Kamyab Jawan Program, Youth Entrepreneurship, Green Youth Movement, Startup Pakistan, Internship and Hunar Mand Jawan programs will be launched soon for the betterment of a nation’s development.
To maintain a complete transparency record of all the beneficiaries the Kamyab Jawan portal will be developed to make sure the disbursement of loans are on merit.
To stimulate youth economically the program comprised of two major categories. The first one, the youth will be provided with loans from one hundred to five hundred thousand rupees even as in the second category, the youth will be provided with loans from five hundred thousand rupees to five million rupees to set up their business.
The assurance of third person for getting hold of loan has been nullify in Jawan program and the youth can straight secure loans from the banks all the way through the portal.
The corresponding banks that facilitate the SMEs right now are National Bank of Pakistan (NBP), Bank of Khyber and Bank of Punjab (BoP) to stimulate youth economic growth.