Introduction:-
The Prime Minister’s Youth Programme (PMYP), also known as Kamyab Jawan, is a government program in Pakistan that aims to empower young people by providing them with job, entrepreneurship, and skill-building opportunities. By putting money into their education and equipping them with the means to make both social and economic contributions, it seeks to capitalize on Pakistan’s youthful demographic dividend.
Key Objectives:
1. Provide prospects: for self-employment and employment by making subsidized or soft business loans available.
2. Skill development:giving young people high-end technological abilities in addition to vocational and technical skills to increase their employability.
3.Support entrepreneurship and startups: including assisting youth in creating business strategies, gaining access to incubation, and starting enterprises. exposing undergraduate.
4.Internship and industry linkage: duate students to real-world business environments.
5.Inclusive participation:providing quotas or allocations for women and young people from disadvantaged backgrounds in particular.
Key Features / Beneficiary Criteria:-
1- Typically, applicants must be between the ages of 18 and 45, although for companies involved in IT or e-commerce, the age limit may be as low as 18.
2-To encourage their involvement, women are given a quota: 25% of loans or rewards under many components are set aside for them.
3-Interest-free loans for small sums and concessional loans for bigger amounts are two types of loans. Repayment and grace period arrangements are available.
4-Transparency measures include using AI scorecards for merit judgment and launching a portal to let candidates monitor their applications.
Achievements / Impact:-
1-At start, Rs 100 billion was set aside for youth loans.
2-190,000 applications were submitted in 72 hours for the youth entrepreneurship program, for example.
3-Thousands of young businesses profited from the Rs 39 billion in loans that had been approved by February 2022.
