In line with Government of Pakistan’s vision, Meezan Bank offers the Kamyab Jawan financing scheme for youth entrepreneurs. Eligible persons can apply for the said financing only through the Kamyab Jawan Portal: www.kamyabjawan.gov.pk.
Government of Pakistan, recognizing the financial needs of youth entrepreneurs and SME business has introduced the “Prime Minister’s Kamyab Jawan – Youth Entrepreneurial Scheme (PMKJ – YES)”. This financing scheme will provide youth with affordable financing for establishing new and strengthening existing SME businesses. As per directives of Government of Pakistan, 25% of the financing will go to female customers.
Note: In line with State Bank of Pakistan's regulatory requirement, negative history (i.e. overdue/ late payment/ write-off/ waiver) of consumer/individual customers will be reflected in eCIB reports for two years after settlement.
| Tier | Financing Amount (PKR) | Customer Profit Rate | Security | Minimum Equity or Down Payment* |
| Tier – I | 0.1M to 1M | 3% p.a. | Clean | 10% |
| Tier – II | Above 1M to 10M | 4% p.a. | Collateralized | 20% |
| Tier– III | Above 10M to 25M | 5% p.a. | Collateralized | 20% |
| *Mandatory only for new business. Down Payment applicable for Musawammah and Murabaha. | ||||
Types of Financing
Purpose of Financing
The customer’s contribution of equity/down payment would be in the form of cash or immovable property and will be required after approval of financing.
Form of equity/down payment may vary from product to product and tier wise.
Varies from product to product (2 to 8 Years)
Grace period up to 1 Year & may vary with financing type
Financing under Tier-I: Clean, however, only personal guarantee of the financing customer will be obtained.
Financing under Tier-2 and Tier-3: As per Bank’s financing policy.
The processing time will not exceed 30 days.
Non-refundable form processing fee will be Rs. 100/- inclusive of NADRA online CNIC verification fee.
Tier-I: Only main cities (Karachi, Lahore, Islamabad, Rawalpindi, Multan, Faisalabad).
Tier-II and Tier-III: All cities where Meezan Bank has its presence.
In Tier-I, because of small ticket and large number of applications, financing will be provided through only approved vendors. Therefore, initially Bank will offer financing under Tier-I only in those cities where there is presence of financing hubs and approved vendors.
Tier-I: (Smart phones, Tablets, Laptops, Desktop Computers, Bikes, Generators, Solar systems).
Tier-II and Tier-III: (All sectors and products including agriculture, subject to possibility of performing Shariah compliance transactions).