Prime Minister of Pakistan announced new scheme with the name of Prime Minister Kamyab Jawan Youth Entrepreneurship Scheme. The meant of releasing this scheme is to provide opportunity to youth of Pakistan. Those students who want to get loan they can apply for loan right now. those students or youth who are eligible for prime Minister Youth Scheme 2023. Complete information has been provided on Admissionpk.com. If you want to check anything you can scroll down the page and can get that information. PM kamyab Jawan Scheme 2023.
PM Youth Long Type
There are several type loans and you can check the type of loan from given below bullets. Before going to apply for loan you have to check out the type of loan so that you must have knowledge about what you are going to get from this loan.
PM Kamyab Jawan Youth Scheme 2023
Long Term Loan
- Working Capital Loan
- Financing of Local Manufacturing vehicle for Commercial use
- Each borrower will have permission to get one vehicle only
PM Youth Loan Tenor
Per individual will get a lot form this loan. As it will be long term loan so you will pay this loan with eight years in which maximum grace period will be up to 1 year. Those students who want to get short time loan they can apply for 1 year loan. 1 year loan will be easiest thing to get.
PM kamyab Jawan Loan Security and Arrangement
First thing that you must have in your knowledge is the installment procedure of this loan. Borrower will pay equal monthly installment of PM Youth Entrepreneurship 2023. Borrowers related to any field can apply for loan.
Borrower must be between 21 and 45 years old. Lower age limit for Information technology and E-commerce business is 18 years old. One owner can get only one time loan. Before going to assign you loan you have to pass the entire requirements which have been defined.
Tier 1 plan
- The borrower will get more than 1 Million in Tier 1 scheme in which customer price will be 3%.
- Dept equity for new businesses has been decided and there shall be no change in it.
- 90:10 will be dept equity in Tier 1.
Tier 2 Loan Scheme
- More than 1 million with 4& customer pricing. Dept equity will be 80:20 in tier 2.
Borrower will get more than one 25 million rupees and they have to pay 5% customer pricing rate for it. Debt equity is same as for Tier 2 and it will be 80:20.
In case of having more queries you can concern with given below contacts. these contact numbers will remain open during working hours. Make sure you are making valid statement. Thanks for being here.
- Number: 021 111 014 014
- Address: Any Bank Al Habib Limited