PM Kamyab Jawan Youth Entrepreneurship Scheme,With a large youth population making up the majority of Pakistan’s population therefore having the ability to grow the economy significantly since many youths are involved in the economy at a young age. However many challenges arise when it comes to supporting youth in achieving their entrepreneurial goals. Commonly cited challenges include a lack of job availability, lack of access to capital, and other elements. In order to assist with these issues, the Government of Pakistan created the PM Kamyab Jawan YES. PM Kamyab Jawan Youth Entrepreneurship Scheme is an initiative launched to provide youth with financial assistance, training, and support when establishing businesses.

🎯Background and Evolution of PM Kamyab Jawan Youth Entrepreneurship Scheme

The PM Kamyab Jawan Youth Entrepreneurship Scheme is an initiative developed by the government of Pakistan in July 2019 as part of its initiative to support youth development (KJP). There are numerous goals, one of which is a key component of the PM Kamyab Jawan Youth Entrepreneurship Scheme- to provide SMEs/start-ups with a sovereign-backed source of capital.

• During this time, the Youth Entrepreneurship Scheme has been changed, expanded and improved to encourage access to and inclusion of as many young people as possible.
• PKR 100 billion was originally provided by the government to help pay for youth financing. The goal was that over 1,000,000 young Pakistanis would benefit from this initiative; directly, or indirectly.
• In order to provide the needed financing to young entrepreneurs, various banks (e.g. National Bank, Bank of Punjab, Meezan Bank and Bank Alfalah) partnered with the Government of Pakistan and worked together to help implement the Youth Entrepreneurship Scheme.
• As of 2022-23, over PKR 33.7 Billion have been provided to over 21,500 young entrepreneurs in the country.

Also Read: Punjab Educational Endowment Fund (PEEF) Scholarship 2025       https://merischeme.site/punjab-educational-endowment-fund-2025/

✨Objectives of the PM Kamyab Jawan Youth Entrepreneurship Scheme

The principal aims of PM Kamyab Jawan Youth Entrepreneurship Scheme include:

1. ✅The Empowerment of Youth

The primary goal is to give youth access to the financial means necessary for starting their own businesses or growing existing businesses.

2. ✅Expanding the SME (Small and Medium Enterprises) Sector

SMEs are an essential component of Pakistan’s economy, and YES provides an avenue for those operating these businesses, especially businesses owned or operated by youth, to have access to consistent and straightforward financing options.

3. ✅Decrease in Unemployment Rate

By allowing youth to establish their own company or venture, YES’s strategy will indirectly create additional job openings.

4. ✅Advancement of Gender Inclusiveness

YES has established that at least 25% of loans will be designated for women to motivate them to actively participate in the business world and strive toward economic independence.

5. ✅Availability of Affordable Mark-up Loan Products

Through government subsidy programs, YES offers affordable financing solutions to the youth sector of the population, including low-income individuals, for their entrepreneurial ventures.

6. ✅Support for Innovative Entrepreneurs

Throughout the course of YES, the establishment of new innovative enterprises and technology-based businesses will be facilitated by this initiative and provide youth with access to the entrepreneurial marketplace in an up-to-date technological environment.

📋Eligibility Criteria for PM Kamyab Jawan Youth Entrepreneurship Scheme

Individuals wishing to be part of the YES programme must meet the following criteria:

1) You should hold a valid 🆔CNIC (computerised national identity card) issued by the Government of Pakistan and be a citizen of Pakistan.

2) You must be between the ages of 🕒18 and 45 years.

3) There is a quota of 📜25% for women, but men and women can apply.

4) You can apply if you have started a 📄new business or are expanding your current business.

5) No formal education requirements exist for most businesses. However, if you want to apply for a business in the 📋IT/e-commerce field, you must have passed at least 10th grade (matric), or equivalent.

6) Although business experience is not compulsory, applicants with some knowledge of basic business operations will have a better chance of being successful in obtaining approval.

🔄Application Process for PM Kamyab Jawan Youth Entrepreneurship Scheme

The process to apply is easy, straightforward and can be completed online:

1. 🌐Completing the Online Application

The applicants will complete the online application for the Kamyab Jawan through the Kamyab Jawan Portal by providing personal, business, and financial information.

2. 🧑Document Verification

The NADRA system will automatically verify CNICs. The Banks will also be able to verify the CNIC through the NADRA System. They may also ask for additional information, including:

3. 📜Business Plan

The Bank assigned by the Kamyab Jawan will look into the financial viability of the applicant, the business plan, the creditworthiness (if applicable) and any collateral (pursuant to Tier 2 and 3).

4. 📈Assessing the Business by the Bank (if applicable)

Banks may visit the business site in cases of businesses already established or if the loan amount is very high.

5. ✅Approving Your Loan Offer

Once the application has been approved the Bank will send an Offer Letter to the applicant with details including:

6. 💰Loan Amount

The loan amount will be transferred to the applicant’s account after completing the necessary legal and financial documentation.

7. 🖥️Monitoring of Loan Usage

Banks will monitor loan usage to ensure that they are used for the purpose intended and that repayments are being made according to schedule.

Also Read: PM Kamyab Jawan Youth Entrepreneurship Scheme                            https://pmybals.pmyp.gov.pk/

🌟Benefits and Positive Impact of PM Kamyab Jawan Youth Entrepreneurship Scheme

1. ✅Creating Opportunities for Youth

Due to this funding source, many young men and women in Pakistan have been able to start up their micro and small enterprises.

2. ✅Developing a Strongly Diversified SME Economy

The programme is improving the economy of Pakistan by creating opportunities for youth participation in the SME sector.

3. ✅Allowing for Increased Women’s Participation in the Workplace

The 25% women’s quota that must be met allows more women to enter the workforce through:

• a. Food Service
• b. Clothing and Beauty Products
• c. Digital Service Providers
• d. Home Based Businesses

4. ✅Fostering the Creation of Innovative Business Opportunities

Many IT startups, E-commerce companies and digital entrepreneurs are applying for YES Loans and utilising them to provide opportunities and grow their businesses.

5. ✅Providing Job and Economic Stability for Youth Owned Businesses

In addition to creating many jobs for other youth, every business owned by youth increases the overall economic stability of Pakistan.

6. ✅Supporting Equitable Growth and Development for Rural Youth

Rural youth also receive the financial benefits of opening their businesses like their urban counterparts, which promotes equitable growth and development throughout Pakistan.

💥Real Impact and Achievements of PM Kamyab Jawan Youth Entrepreneurship Scheme

• Promising outcomes have been achieved through this scheme during its initial operation.
• Approximately 900,000 applications were submitted within the first few years of operation.
• In excess of 20,000 companies were granted financing and approved across several different industries.

Industries and businesses that represented a large proportion of participants included:

• ✅Agriculture, Livestock
• ✅E-commerce
• ✅Retail Service
• ✅Manufacturing
• ✅Information Technology and Freelancing

• The scheme has generated a surge in female entrepreneurship, enabling women to establish either home-based or internet based businesses.
• Government reports have confirmed that YES financings have created thousands of jobs both directly and indirectly.

🔮Future Recommendations to PM Kamyab Jawan Youth Entrepreneurship Scheme

• Structured Entrepreneurship Training: Due to the lack of structured entrepreneurship training in the market, the Government should create an organized entrepreneurship course with a focus on business planning and financial literacy.
• Collateral Simplification: Access to alternate forms of collateral, such as group guarantees, could provide youth with greater opportunities to gain access to tier-ed loans.
• Rural Awareness Campaigns: Rural awareness campaigns will help to increase youth participation in entrepreneurship and make them aware of government programs.
• Digital Support: Creation of an application for tracking loan applications, reminders for your EMI’s, and various training modules would provide a level of transparency and ease of access to loan products.
• Mentoring Network: Establishing a network of mentors for newly funded businesses will help improve the survival rate of these businesses.
• Women-Focused Programs: The establishment of dedicated loan and training programs specifically for women will allow for the expansion of these programs and help to address the current gap in the market for women in business.

👉Conclusion

The PM Kamyab Jawan Youth Entrepreneurship Scheme provides opportunities for young Pakistani entrepreneurs to obtain financing for their businesses and develop new ideas through innovation. The PM Kamyab Jawan Youth Entrepreneurship Scheme has faced many challenges; nevertheless, it is developing youth-led economic systems throughout Pakistan to create more opportunities for young people to become self-employed and independent. The PM Kamyab Jawan Youth Entrepreneurship Scheme will continue to enhance its training and resource delivery, track participant development, and expand access to PM Kamyab Jawan Youth Entrepreneurship Scheme materials, making it one of the major contributors to youth economic development in Pakistan.