JS Bank offers the trainees and graduates of Karigar Training Institute (KTI) with an opportunity to setup or expand their business thereby utilizing their skills obtained from KTI. Individuals possessing entrepreneurial potential will be able to benefit from JS PMYBL to set-up or expand their existing business.Apply Now
Age: Between 21 and 45 years
Valid Computerized National Identity Card (CNIC)
Clean credit history and no active loans
Must be a trainee of graduate from Karigar Training Institute
Either one of the following:
Individual (or collective – up to 3 guarantors) net worth of 1.5 times of required loan amount
Government Employee(s) of BPS-15 or above with minimum 8 years of remaining service at the time of providing the guarantee
Mortgage of 3rd person residential, commercial, industrial and agricultural property
Pledge and/or lien over bank deposits, certificates of deposits, gold ornaments and national savings securities
Either of the two guarantors in (1) and (2) above will fulfill the following conditions:
Clean Credit history
Not an employee of JS Bank
Guarantors cannot guarantee more than one loan
Guarantor may be a blood relative.
Guarantor cannot apply for PMYBL.
It is not mandatory for the guarantor to reside in the same city of the applicant.
There is no age-limit for guarantors who are not government employees.
Documents Checklist for JS PMYBL & Karigar:
One recent Passport Size Photograph
Referral Letter from Karigar Training Institute
CNIC copy of the Applicant
CNIC copy of the Guarantor
Copy of Father’s CNIC (If available)
Undertaking from Guarantor (if applicable)
Copy of Guarantor’s CNIC (If applicable)
Complete details of two references
Complete details of guarantor
Business feasibility report (Either individual’s own or a SMEDA Feasibility)
Apply for JS PMYBL & Karigar:
Step 1: Review Business Plan with Karigar Training Institute
Step 2: Karigar Training Institute will refer potential entrepreneurs to JS Bank
Step 3: JS Bank will contact them to visit the nearest JS Bank branch for application initiation