JS Bank brings an exciting opportunity for individuals mentored by Gist Technology Pvt. Limited through JS Kamyab Jawan Youth Entrepreneurship Scheme to start up or expand their own businesses by providing subsidized loans at the lowest mark-up and convenient terms.
Prime Minister's Kamyab Jawan Youth Entrepreneurship Scheme
Prime Minister's Kamyab Jawan Youth Entrepreneurship Scheme (PMYES) is an initiative launched by the Government of Pakistan to support youth in pursuit of establishing or expanding their businesses. The scheme provides self-employment opportunities to the deserving youth.
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Product Features
Loan Limits and Pricing:
Tier 1(T1) |
Tier 2(T2) |
Tier 3(T3) |
|
---|---|---|---|
Minimum Financing Limit |
PKR 100,000/- |
PKR 1,000,001/- |
PKR 10,000,001/- |
Maximum Financing Limit |
PKR 1,000,000/- |
PKR 10,000,000/- |
PKR 25,000,000/- |
Pricing |
Fixed at 3% |
Fixed at 4% |
Fixed at 5% |
Debt: Equity Ratio (New Business) |
90:10 |
80:20 |
80:20 |
Nil for existing business (Applicant to provide NTN to qualify for Equity waiver for Existing Business.)
Legal Documentation Charges: At Actual
Insurance & Tracker Charges: At Actual
Any other Charges: As per SOC
Customers are required to deposit monthly payments as per their schedule into their JS Bank current accounts.
Failure to do so may result in legal recourse.
For further details contact us at 021 111 654 321 or visit your nearest JS Bank branch