Introduction:-

One of the main projects of the Prime Minister’s Youth Program (Kamyab Jawan) is the Youth Entrepreneurship Scheme (YES). It was established to give young people in Pakistan who wish to launch their own enterprises chances and financial support. The program’s Youth Entrepreneurship Scheme (YES) main objectives are to lower unemployment, encourage youth creativity, and support entrepreneurship.

Objectives of YES:

Encourage self-employment by giving young people business loans.
Encourage small and medium-sized businesses (SMEs) to be the main drivers of economic expansion.
Reduce unemployment by using youth-led enterprises to create new jobs.
Give women entrepreneurs a particular quota in order to empower them.
Provide funding for fresh and innovative business concepts to encourage innovation and startups.
Self-employment was to be encouraged through business loans. Small and medium enterprises (SMEs) were intended to be promoted. Unemployment was targeted to be reduced by creating new jobs. A special quota was reserved for women entrepreneurs. Innovation and startups were planned to be supported through financing

Key Features:

Pakistani youth between the ages of 21 and 45 are eligible (18 years for IT/e-commerce firms).

Loan Sums:

Tier 1: Low markup or interest-free up to PKR 0.5 million.
Tier 2:PKR 0.5 million to PKR 1.5 million is .
Tier 3:PKR 1.5 million to PKR 7.5 million is .
Women’s Quota: A quarter of the loans are only available to female applicants.
IT, manufacturing, services, e-commerce, agriculture, and othdge industries are among the sectors covered.
The application process is online via the Kamyab Jawan portal, and candidates are chosen transparently and on the basis of merit.er cutting-e
Youth between the ages of 21 and 45 were eligible (18 for IT/e-commerce).
Three levels of loan amounts were established. Consequently, both small and large-scale entrepreneurs were able to access prospects.
A quarter of the loans were set aside for female applicants. As a result, women gained the confidence to launch their own companies.
There was coverage of a number of industries, including e-commerce, services, agriculture, and IT.
Transparency was maintained as applications were accepted online via the Kamyab Jawan portal.

Achievements:-

Thousands of applications were received nationwide within a few days of the debut.
Young entrepreneurs had received billions of rupees by 2022.
Numerous small commercial, IT, and agricultural enterprises were successfully formed.
In addition to loan recipients, the program has given others hired by their companies job prospects.
Applications from all throughout the nation totaled thousands.
Young entrepreneurs received payments totaling billions of rupees.
IT, agriculture, and services all saw the emergence of new startups.
The enterprises that were established created job prospects.

Challenges:-

application processing delays brought on by heavy demand.
rejections brought on by inadequate company proposals or missing documentation.
awareness problems in rural areas, where a large number of youth lack the necessary skills.
Sustainability of sponsored businesses: some have trouble paying back loans and expanding over the long run.

There were delays in the application processing.

Weak planning or missing paperwork led to rejections. Guidance and training, however, might lessen this problem.
In rural places, there was a lack of awareness. In a similar vein, accessibility in isolated areas continued to be problematic.
Repayment issues raised doubts about the viability of several enterprises.

CITIES:

The Youth Entrepreneurship Scheme (YES) is not city-specific; it is a national program. ✅

Through the State Bank of Pakistan and affiliated commercial banks, it is carried out throughout Pakistan.
Online applications are accepted from young people in any city or province, including Punjab, Sindh, Khyber Pakhtunkhwa, Balochistan, Gilgit-Baltistan, and AJK.
The Kamyab Jawan portal is used to submit applications, and banks with branches in all major cities—including Lahore, Karachi, Islamabad, Peshawar, Quetta, and others—dispense loans.

Therefore, as long as you match the requirements, you can apply whether you live in a tiny village or a large city like Karachi, Lahore, or Islamabad.

Conclusion:-

One effective program to harness the enthusiasm and inventiveness of Pakistan’s young is the young Entrepreneurship Scheme (YES). It boosts the economy, lowers unemployment, and promotes innovation by offering financial assistance. Youth Entrepreneurship Scheme (YES)has the ability to create a generation of prosperous businesspeople and turn Pakistan’s young into a catalyst for the country’s progress with increased awareness, training, and oversight.

“Youth Entrepreneurship Scheme (YES)”