Federal Cabinet in its meetings held on 03-08-2021 and 28-09-2021 has been pleased to approve Kamyab Pakistan Program. The KPP consists of five components namely; (i) Kamyab Karobar (ii) Kamyab Kissan (iii) Naya Pakistan Low-Cost Housing (iv) Kamyab Hunarmand; and (v) Sahatmand Pakistan.
KAMYAB KAROBAR
It is an entrepreneurship clean and interest-free loan of up to Rs 500,000 to be repaid in equal monthly instalments in up to three years.
| S. No | Particulars | Kamyab Karobaar |
| 1. | Loan Type | Entrepreneur Loan under Tier-0 |
| 2. | Loan Size | Up to PKR 500,000 |
| 3. | Loan Tenor | Up to 3 years |
| 4. | Repayment | Equal Monthly Installments |
| 5. | Max. Age | No limit |
| 6. | Security Requirements | Clean (secured only by Personal Guarantee of the borrower). In addition, rules & regulations of SECP/SBP shall be complied with by MFPs. |
| 7. | Sectors and Products | All sectors & products including Agriculture(livestock, poultry, fishery, dairy etc could be part of Kamyab Karobar) |
| 8. | Customer Pricing | 0 % |
KAMYAB KISSAN
These are small Agri Loans of up to Rs 150,000 for crop inputs and/or up-to Rs. 200,000 for farm machinery & equipment for farmers with landholding up to 12.5 acres to be repaid in lump sump in two Crop Cycles in a year for 6 months each (max. 1 year). Financing for Machinery/ Equipment will be up to 1 year.
| S. No | Particulars | Kamyab Kissan |
| 1. | Loan Type | Small Agri Loans under Tier-0for farmers with landholding up to 12.5 Acres |
| 2. | Loan Size | Up to PKR 150,000 for Crop Inputs AND/ORUp to PKR 200,000 Farm Machinery & Equipment |
| 3. | Loan Tenor | Two Crop Cycles in a year for 6 months each (max. 1 year)Machinery/ Equipment financing up to 1 year |
| 4. | Repayment | Lump-sum on or before maturity, tied-up with the crop cycle |
| 5. | Max. Age | No limit |
| 6. | Security Requirements | Clean (secured only by Personal Guarantee of the borrower). In addition, rules & regulations of SECP/SBP shall be complied with by MFPs. |
| 7. | Sectors and Products | All sectors & products including Agriculture(livestock, poultry, fishery, dairy etc could be part of Kamyab Karobar) |
| 8. | Customer Pricing | 0 % |
NAYA PAKISTAN LOW-COST HOUSING
Loans for the construction of houses up to Rs 2.7 million will be distributed on easy terms. The loan tenor can be up to 20 years however, the subsidy will be paid up to 15 years. The size of the house should be 125 square yards (5 marlas).
| S. No | Particulars | Mark up Subsidy Program |
| 1. | Maximum Loan size | Maximum size of the loan of a single housing unit, as under |
| Tier 1 ( NAPHDA Projects)Tier 0 (Non-NAPHDA Projects) | Rs 2.7 millionRs 2.0 million | |
| 2. | Size of Housing Unit | Tier 1 NAPHDA – (a) House up to 125 sq yds (5 Marla) with a maximum covered area of 850 sq ft and (b) Flat/apartment with a maximum covered area of 850 sq ftTier 0 Non NAPHDA – (a) House upto 125 sq yds ( 5 marla) and (b) flat/apartment with maximum covered area of 1,250 sq ft |
| 3. | Maximum Price of Housing Units | Maximum Price (Market Value) of a single housing unit at the time of approval of financing, as under: Tier 1 ( NAPHDA Projects) Rs 3.5 million Tier 0 (Non-NAPHDA Projects) No cap |
| 4. | Pricing | TIER – 0 Loan sizeCustomer PricingRs. 2.0 M2% for year 1 to year 54% for year 6 to year 105% for year 11 to year15TIER -1Loan sizeCustomer PricingRs. 2.7 M2% for year 1 to year 54% for year 6 to year 105% for year 11 to year15Rs.2.7 M2% for year 1 to year 54% for year 6 to year 105% for year 11 to year15 |
| Loans under T-0 (Non-NAPHDA) shall also be allowed for expansion / incremental housing to an extent of max. 5% of the housing loan portfolio of respective MFP/HFCs.For loan tenors exceeding 15 years, market-rate i.e. bank pricing will be applicable for the period exceeding 15 years.NADRA-verified applicants under Tier-1, declared bankable by MFPs/HFCs shall be entitled to Cost Subsidy @ Rs. 300,000 as approved by the Federal Cabinet, subject to fulfilment of eligibility criteria approved by the Federal Cabinet. For NAPHDA Projects under Tier-1, Commercial Banks, shall assess and finance Prospects/End Users shortlisted under the scheme. Furthermore, if a Commercial Bank additionally engages MFI/RSP/MFB/HFC for the provision of mortgage financing to End-Users under NAPHDA projects, the respective Bank shall be solely responsible to liaison with NAPHDA for provision of Cost Subsidy to the End-Users through Escrow arrangements to be maintained with the respective Bank. All drawdown requests from the developer shall also be handled by the respective Bank. | ||
| 5. | Security Requirements | As per banks’ credit policy and prudential regulations for wholesale loans. In addition, rules & regulations of SECP/SBP shall be complied with by MFPs/HFCs. |
KAMYAB HUNARMAND
KPP is aimed to integrate with government’s ongoing Skill Development Program for educational and vocational training. Accordingly, it is being envisioned that these trained citizens shall also have access to finance and this collaboration shall be rebranded as “Kamyab Hunarmand”.
SAHATMAND PAKISTAN
Under “Sahatmand Pakistan”, it will be mandatory for anybody availing loan under KPP to obtain “Sahat Insaaf Card”, if the same facility is available in his/her area.