Key features and requirements of Prime Minister’s Kamyab Jawan Youth Entrepreneurship Scheme (YES) REVISED

The age bracket is only flexible in terms of partnerships, such that only one partner has to meet the requirement. 

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According to the latest revisions in the key features of Prime Minister’s Kamyab Jawan Youth Entrepreneurship Scheme (YES), all the citizens of Pakistan holding CNIC are eligible for it. The new requirements include having a business plan and knowledge of entrepreneurship while the age requirement has been revised to 21-45 years.

The age bracket is only flexible in terms of partnerships, such that only one partner has to meet the requirement.

Other than that, now only one vehicle per borrower is allowed under the Long Term Loan/Working Capital Loan. This includes Muabaha and Leasing/financing of locally manufactured vehicles.

Coming to the security arrangement, as per the revision for Clean T1 loans, only a personal guarantee of the borrower is required whereas, for T2 and T3 loans, the security arrangements will be as per the bank’s own credit policy.

For T2 and T3 loans, the bank’s own credit policy will be followed. Whereas for Clean T1 loans, only a personal guarantee of the borrower is required. A vehicle financed under T1, T2, and T3 will serve as collateral.

What are your views on this? Share in the comments bar below.

  • Milna kab start hona he? Mily ga b ya pishli dafa ki tarah just time pas hi karien gy? 2 month ho gay hen application ko abi Tak koi response ni he

  • T1 should be interest free..for new person should be no experience conditions.. Very slow process of loan process as previous one..where banks prolonged the approval process asking under hands interests..for approval..same corrupt Banking bearucracy..Poor never entertained..No follow up from PM portal for complains for rejecting loans applications for saying that you don’t have experience..you business plan is not feasible etc..

  • Asalam.o.alaikum
    I have applied for both phase 1 & 2 but didn’t get any response from any official. Where as when I applied for ph2 my application has accepted but when I want to track system shows no record found and try I tried to reapply system said you have already applied. Pleas highlight this issue.


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