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Prime Minister’s Youth Business & Agriculture Loan Scheme
Prime Minister’s Youth Business & Agriculture Loan Scheme 15 Commercial Islamic and SMI Banks promote entrepreneurship among young people by providing business loans on easy terms and with low markups. All Pakistani residents, aged between 21 and 45, are eligible to apply for business capacity. The age limit for IT/E commerce-related business is 18 years. Applications will only be submitted online through our website. This loan is divided into three levels.
You Can Also Read: PM Youth Loan Scheme Online Registration New Update 2024
Tier 1
The range is 0.5 million PKR with 0% markup.
Tier 2
The range is above 0.5 Million up to 1.5 Million PKR with a 5% markup.
Tier 3
The range is above 1.5 Million up to 7.5 Million PKR with a 7% markup.
PM Loan Types
The Prime Minister’s Youth Business and Agriculture Loan Scheme provides two types of loans to the youth which are classified as:
- Long-Term / Development Loans
- Working Capital/Production Loans
Eligibility Criteria
Prime Minister Mian Shahbaz Sharif has started small loans for small businesses in Pakistan and agriculture. The following people will be given loans in very easy installments?
- All citizens of CNIC CNIC who are between 21 and 45 years old and have business potential.
- ET or e-commerce business-related businesses are at least 18 years of age. At least matric or equal education will require the top condition of age for individuals and single owners. In the case of all other types of business, including pandemics and companies, owners must be in the age mentioned above circle only one of the partners or directors.
- Small and medium-sized businesses are also eligible for startups and current companies owned by the youth.
- In the case of agriculture, farmers’ ratings will apply according to qualified items for the SBP
- Indicator credit limit and agriculture financing.
You can also apply for PM Youth Loan Scheme For Small Businesses Get Upto 500,000 Online Registration
How To Apply For a Loan
The process of borrowing through this program is quite simple and easy you have to follow the following steps and you will be able to get a loan easily.
- First, you have to click the Application Form button given to you.
- Then you will be given a form there to enter all your information in this form.
- After that, all your information will go to the Government of Pakistan if you are eligible for a loan you will be told.
- And if you want to know whether your request has yet been followed or not, you can learn about your request by clicking the application status button.
- Also if you want to know how much you have to pay every month and how many years you want to go to this close.
قرض کی درخواست دینے کا طریقہ کار
اس پروگرام کے ذریعے قرضہ لینے کا عمل بالکل سادہ اور آسان ہے آپ کو درج ذیل اقدامات پر عمل کرنا ہے اور آپ آسانی سے قرض حاصل کر سکیں گے
سب سے پہلے آپ کو دیے گئے ایپلیکیشن فارم کے بٹن کو کلک کرنا ہے
اس کے بعد آپ کو وہاں پر ایک فارم دیا جائے گا اس فارم میں اپنے تمام تر معلومات درج کرنی ہے
اس کے بعد آپ کے تمام تر معلومات گورنمنٹ آف پاکستان کے پاس چلی جائیں گی اگر آپ قرض کے لئے اہل ہوئے تو آپ کو بتا دیا جائے گا
اور اگر آپ کو یہ جاننا چاہتے ہیں کہ ابھی تک آپ کی درخواست پر عمل ہوا ہے یا نہیں ہوا تو آپ ایپلیکیشن سٹیٹس کے بٹن پر کلک کر کے اپنی درخواست کے بارے میں جان سکتے ہیں
اس کے علاوہ اگر آپ یہ جاننا چاہتے ہیں کہ آپ کو ہر ماہ کتنی قسط ادا کرنی ہوگی اور آپ کتنے سالوں میں یہ قرضا اتارنا چاہتے ہیں یہ تمام تعلمات جانے کے لیے آپ کیلکولیٹر کے بٹن پر کلک کریں
If you want to view your application Status Click on The following button.
Check your monthly installment plan.
New Update 2024
In view of the rising inflation in Pakistan, the government of Pakistan has noticed the unemployment and has started a bunch of programs to provide employment to the people. Which is the loan term will be very long if you are among those people who have no job, then you should get loans from Pakistan to provide you with a good amount of money to start your business.
You can also read: PM Youth Loan Scheme Registration Started Again In 2024
Which you can invest in your business if you start business first, you will be provided loans from the Benazir Income Support Program or Ehsaas Program which is issued by the Government of Pakistan. If you want to get the one included in the program earlier, then you can apply in them if you want to get the loan if you don’t have any experience, then you can submit your application online and tell are Depending on the nature of the business you want to do, your application will be processed and you will be told whether you will be eligible for the program, whether you will get a loan or not, and all the information will be provided to you.
PM Loan Collection Center
- First of all, you should go to your nearest bank along with your identity card
- Take a printout of the application there
- After completing the formalities
- Your loan will be transferred to your account as soon as you want
FAQs
What is the Prime Minister’s Youth Business & Agriculture Loan Scheme?
The Prime Minister’s Youth Business & Agriculture Loan Scheme is a government initiative aimed at promoting entrepreneurship among young people by offering business loans with easy terms and low markups. The scheme provides financial assistance for both business and agricultural purposes to eligible Pakistani youth.
What is the age eligibility for applying to the loan scheme?
Pakistani citizens aged between 21 and 45 years are eligible to apply for business loans under the scheme. For IT/e-commerce-related businesses, the minimum age is 18 years.
What are the three loan tiers and their markups?
The loan is divided into three tiers:
- Tier 1: Loans up to 0.5 million PKR with 0% markup.
- Tier 2: Loans above 0.5 million PKR up to 1.5 million PKR with a 5% markup.
- Tier 3: Loans above 1.5 million PKR up to 7.5 million PKR with a 7% markup.
How can you apply for a loan under this scheme?
To apply for a loan, you need to fill out the application form online. Once the form is submitted, your eligibility will be checked. You can also track the status of your application and use the loan calculator to check the monthly installment plan.
What documents or actions are needed to complete the loan application?
To apply for the loan, you need to visit the nearest bank with your CNIC, take a printout of the application, and complete the necessary formalities. After the formalities, the loan amount will be transferred to your account.