Mon. Sep 8th, 2025
Simple Steps to Apply for PM Youth Loan Scheme – Avail High-Value Loans at Low Interest Rates

Simple Steps to Apply for PM Youth Loan Scheme

Simple Steps to Apply for PM Youth Loan Scheme: The Prime Minister’s Youth Business and Agriculture Loan Scheme (PMYB & ALS) is a major initiative by the Government of Pakistan designed to empower young entrepreneurs and farmers by providing access to financing. This guide will walk you through the online application process, eligibility criteria, and key features of the program.

Eligibility Criteria

Age: 

All Pakistani citizens with a valid CNIC, between the ages of 21 and 45, are eligible. For IT and e-commerce businesses, the minimum age limit is 18 years.

Business: 

The scheme is for both start-ups and existing small and medium enterprises (SMEs).

Loan Purpose: 

Loans can be used to set up new businesses or expand existing businesses.

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Simple Steps to Apply for PM Youth Loan Scheme – Avail High-Value Loans at Low Interest Rates

Loan Tiers and Mark-up Rates: 

markup rates:

1: Up to PKR 0.5 million (interest-free).

2: Above PKR 0.5 million and up to PKR 1.5 million (5% mark-up).

3: Above PKR 1.5 million and up to PKR 7.5 million (7% mark-up).

The scheme also has a 25% quota for women entrepreneurs, and loans are available for all sectors, including agriculture

Online application process

Applying for the PM Youth Loan is a seamless online process. Follow these steps to apply:

Visit the official PM Youth portal: 

The official portal is the central platform for submitting your application.

Collect required documents: 

Before you start, make sure you have scanned copies of all the required documents.

 These usually include:

  • Clear, recent photograph.
  • Front and back of your CNIC.
  • Highest educational/technical degree or certificate.
  • Experience certificate (if any).
  • NTN (National Tax Number) and the latest tax return (if applicable).
  • Utility bill reference number for your residential address.
  • A brief business proposal or feasibility report. Bank account statement and account maintenance certificate.

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Fill the online form: 

Fill all the sections correctly and upload the required documents.

Submit your application: 

After completing the form, submit it through the portal. You can submit only one application per CNIC.

Bank Processing: 

Once submitted, the application will be sent to your chosen bank for review. A bank representative will then contact you to further process the application.

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Aims to Empower the Youth of Pakistan

Unlocking the potential of Pakistan’s vast youth population. By addressing the critical challenge of access to capital, this scheme empowers young people to transform their innovative ideas into thriving businesses. This not only creates self-employment opportunities but also contributes to job creation, industrial development, and overall national development. The government recognizes that a vibrant and enterprising youth is the foundation of a prosperous future, and this scheme is a testament to that belief. It is an investment in human capital, aimed at fostering a generation of job creators rather than job seekers.

Loan Tenure: 

The repayment tenure of these loans is generous, extending up to 8 years, including a grace period of up to 1 year. This extended period gives businesses ample time to establish themselves, generate revenue, and comfortably manage their payments, reducing immediate financial pressure.

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FAQs

1. What is the minimum and maximum age limit to apply for the loan?

The age limit for general business and agriculture loans is between 21 and 45 years. However, for those applying for an IT or e-commerce-related business loan**, the minimum age is reduced to 18 years, with a requirement of at least a matriculation or equivalent education. 

2. What are the different loan tiers and their respective markup rates?

The scheme has three tiers with heavily subsidized markup rates to make financing affordable:

Tier 1: Up to PKR 0.5 million, with a 0% interest rate.

Tier 2: Above PKR 1.5 million and up to PKR 7.5 million, with a 7% markup.

3. Can I apply for a loan for a new business, or is it only for existing ones?

The PMYB&ALS is designed to support both new startups and existing small and medium-sized enterprises (SMEs). Whether you have a groundbreaking new idea or an established business you want to expand, you are eligible to apply.

By Agahi

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