K-P youth begin benefiting from Kamyab Jawan Programme

The youth of Khyber-Pakhtunkhwa including seven merged tribal districts have started benefiting from the Prime Minister’s Kamyab Jawan Programme after obtaining soft loans for establishment of their businesses in different sectors and thus contributing in the process of national development.

The beneficiaries of the Kamyab Jawan Programme, who setup various engineering and manufacturing, information technology, agriculture, food processing, livestock, food bakery, confectionery, catering, decorative services, beauty clinics, boutiques, mineral and gemstones businesses have started earning substantial profits besides engaging skilled labourers from markets to expand their businesses.

Mohsin Khan, an official of SMEDA K-P told a local media outlet on Monday that the KJP was a land mark programme of the federal government launched throughout the country that has resulted in its beneficiaries to begin earning a substantial profit in different sectors after obtaining soft loans in three different categories.

Targeting 68 per cent of youth out of a total population of 220 million people under the age of 30, he said SMEDA has increased business plans up to 250 under the KJP to help encourage the youth to establish their own business and play a constructive role in the country’s development process. “The youth of K-P including seven merged tribal districts are showing overwhelming interests in the KJP,” he said, adding that its beneficiaries were showing highly encouraging results which was a matter of great satisfaction for us. SMEDA has been tasked mainly with an advisory role in the implementation of the Prime Minister’s Youth Business Loan scheme by taking a lead role in developing business plans.

“KJP is for every Pakistani aged between 18-45 years and are eligible for its different loans schemes,” he said. “25 per cent loans are for women entrepreneurs.” In the first category, loans from Rs100,000 to Rs1 million are being provided to beneficiaries while Rs1 million to Rs10 million in the second category and Rs10 million to Rs25 million for the third category.