JS Bank Partners With Karigar Training Institute

29th November, 2018: JS Bank has joined hands with Karigar Training Institute (KTI), a not-for-profit organization which provides training in vocational skills for mechanics, electricians& plumbers.

KTI trainees or alumni can now become independent entrepreneurs by availing financing solutions through the JS Prime Minister Youth Business Loan (PMYBL) scheme, at a highly subsidized mark-up rate of 6% per annum. Applicants aging between 21 & 45 years, with entrepreneurship and business management skills imparted through Karigar, are eligible to apply for the scheme.

Reflecting on this alliance, Mr. Babbar Wajid, Head of Product Development & Business Management, JS Bank stated, “Through this partnership, we aim to open doors to the common man who struggles to become financially independent. I am positive that this is just the start to something much bigger that can bring about a change we require in the social & economic sectors of Pakistan.”

Speaking at the occasion, Commodore (Retd.) S. Rashid Ullah, Director Operations, Karigar Training Institute, stated “We highly appreciate JS Bank’s initiative towards enabling these young individuals and ensure full support from Karigar Training Institute in this respect”

JS Bank, one of Pakistan’s leading and fastest growing financial institutions is continually undertaking efforts to drive economic growth and development in Pakistan.

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About JS Bank:

JS Bank is one of the fastest growing banks in Pakistan, with 323 branches in 161 cities. The Bank also has an international presence and is a leading player in the digital banking space. JS Bank has received the prestigious award for Best Environmental and Social Governance Bank at the Pakistan Banking Awards 2017. The Bank is part of JS Group, one of the Pakistan’s most diversified and progressive financial services group. For more information, please visit http://www.jsbl.com.

About Karigar Training Institute:

Established in March, 2009, Karigar Training Institute (KTI)’s vision is to enable young, literate and semi-literate men and women from less privileged sections of society to become economically independent, through acquisition of specialized vocational skills and good work ethics.So far, more than 1,200 young men have been trained to become Electricians, Refrigeration & Air-conditioning mechanics, Pipe Fitting/ Plumbers and Motorcycle mechanics.

Babbar Wajid, Head of Product Development & Business Management – JS Bank and Commodore (Retd.) S. Rashid Ullah, Director Operations, Karigar Training Institute(KTI) signed an agreement for provision of low-cost financing toKTI alumni and trainees for entrepreneurial growth in Pakistan.