The full form of YES BANK is Youth Enterprise Scheme Bank.

Government of Pakistan has introduced Prime Minister’s Kamyab Jawan Youth Entrepreneurship Scheme (PMKJ-YES) in consultation with State Bank of Pakistan with the main objective of providing self-employment opportunities for men & women having entrepreneurship potential. The scheme provides many inherent benefits to end users such a subsidized mark up rates, long-term re-payment tenor as well as unrestricted usage in a wide spread.

PMKJ-YES offers considerable potential for Small & Medium Enterprises and individuals who want to pursue sustainable growth in their respective businesses in the days to come.

Small Business Loans focused on (but not restricted to) unemployed youth looking for establishing fresh business or extending their existing businesses. The scheme is aimed to provide subsidized loans to educated/unemployed youth of age to establish their own businesses & to further augment their existing enterprises

The Youth Entrepreneurship Support (YES) Programme is BOI’s effort at addressing the worrisome phenomenon of youth unemployment in Nigeria by building the capacity of the youths and funding their business ideas. The YES programme is aimed at equipping young people with the requisite skills and knowledge to be self-employed by starting and managing their own businesses.

Participants will be drawn from young aspiring entrepreneurs between the ages of 18 and 35 years, with innovative ideas who must have a minimum educational qualification of an Ordinary National Diploma (OND).

COMPONENTS OF THE YES-PROGRAMME 

The YES-Programme is comprised of the following components:

• Eight (8) weeks extensive online Entrepreneurship and Business Management training which has the ability to test participants’ understanding and track their progress.

• Five (5) days in-class Entrepreneurship and Business Management training covering the following five (5) modules:
• The business idea (value proposition & competition analysis)
• Business model (how will the business make money)
• Sales and marketing
• Running a successful business (ethics, compliance, operations, etc.)
• Financial plan

• Technical skills training in partnership with the various technical training and vocational institutes in the country.

• Financing of the businesses by BOI under its SME Cluster initiative in consonance with the United Nations Economic Commission for Africa’s Commodity-based Industrialisation Strategy.