Prime Minister’s Youth Loan Scheme Business & Agriculture 2024 Prime Minister Youth Loan Scheme is aimed at all educated unemployed youth in Pakistan Those who want to start their own business but do not have enough financial resources to start their own business.Through this Scheme, the government of Pakistan will provide loans to these youth on easy installments So that they can start a better business of their own, this scheme has been named Prime Minister Youth Loan Scheme Business and Agriculture Loan.In which you can get loan in two ways, loan for business and agriculture
Prime Minister’s Youth Loan Scheme Business & Agriculture 2024 Complete Details
Eligibility Criteria
- Male and Female Age Between 21 to 45 years are eligible to apply for this Loan Scheme.
- Individuals who want to start a IT business can apply if their age is 18 instead of 21.
- 25% of the loans under the scheme will be Give to women.
- Only Pakistani Nationals Can Apply in this Loan Scheme
Loan Types
| Business Loan | Agriculture Loan |
As You Know the Purpose of this scheme to provide the Pakistani Youth a Business so the Loan is only for Business or agriculture.
Markup Rates
| Amount | Markup Rate |
| Loan Amount upto 5 Lakhs | Interest Free |
| Loan Amount 5 Lakh to 15 Lakh | 5% |
| Loan Amount 15 Lakh to 75 Lakh | 7% |
Required Documents
- Passport Size Picture
- CNIC – Front Side and Bank Side
- Educational degree / certificate
- Matric, Intermediate, Bachelors, Masters
- Experience certificate
- License
- Consumer ID of Electricity bill
- Complete Registration number of any vehicle
- Name, CNIC and Mobile numbers of Two References other than Blood relatives.
Banks Link with PM Youth Loan Scheme
- Bank of Punjab
- National Bank of Pakistan
- Askari Bank
- Habib Bank Limited
- Bank of Khyber
How to Apply for Latest PM Youth Loan Scheme?
- Eligible Male and Female Candidate whose want to star their Own Business Can Apply in this Scheme,
- For Online Apply Visit https://pmyp.gov.pk/. sign up to submit application.
- Application Must Complete in All Aspects.
- Attach Required Documents with Application Form ,(Bio Data Certificates,Accounts Details ,Properity Details)
- Must Bring Original Documents at Time of interview.
- You may complete the form in one go or save a draft for submission later on
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I will need for business to settle my house or do hard work in the business