JS / Business / SME / JS PMYBL and Karigar Training Institute

JS PMYBL and Karigar
Training Institute

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.

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Eligibility Criteria:

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

Security/Collateral Requirements

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