The Prime Minister’s Youth Business and Agriculture Loan Scheme (PMYB&ALS) is helping improve trade prospects among youth by offering business loans at convenient terms and low markup rates from the 15 Commercial, Islamic, and SME banks.
BISP New 9000 payment Scheme for Eligible Students
Eligibility Criteria:
- Apply now (Age Limit: 21 to 45 Year old Pakistani resident as an Entrepreneur)
- The minimum age for IT/E-Commerce associated trade is 18 years.
- Applications must be submitted only through online mode on the official website.
Loan Tiers:
Tier 1
- Loan up to 0.5 million PKR with 0% Markup
Tier 2
- More Than 0.5 million up to 1.5 million PKR (with 5% markup)
Tier 3
- More than 1.5 million up to 7.5 million PKR with 7% marc up
Application Process (PM Youth Business and Agriculture Loan Scheme):
Apply for Loan:
Complete the online loan application.
Track Application (Youth Business and Agriculture Loan Scheme)
Application status check online.
Calculator:
Loan Amortization Schedule Calculator
PMYB&ALS! Application Form
- It is mandatory to fill the required information in all sections with * mark.
- You can submit your suggestions/feedback/ complaints regarding the (PMYB&ALS) at Citizen Portal App.
- Please ensure to fill in the required fields of Applicant’s CNIC Number, CNIC Issue date and DOB correctly as they will be verified by Nadra.
- تما م سیکشن میں *کے نشان پر مطلوبہ معلومات درج کرنا لازم ہے
- آپ سٹیزن پورٹل ایپ پر (PMYB&ALS) سے متعلق اپنی تجاویز/فیڈ بیک/شکایات جمع کرا سکتے ہیں۔
- براہ کرم درخواست دہندہ کے CNIC نمبر، CNIC جاری کرنے کی تاریخ اور DOB کے مطلوبہ فیلڈز کو درست طریقے سے پُر کرنا یقینی بنائیں کیونکہ ان کی نادرا سے تصدیق کی جائے گی
Frequently Asked Questions (PM Youth Business and Agriculture Loan Scheme):
Are we allowed to go physically in exe branches and apply for the loan?
A: No, all applications must be submitted online via the link_ACCOUNT_NAME /No_fixQ_29 _/_ACCOUNT_DESCRIPTION.
Is this application for non-resident Pakistani?
Answer: This is incorrect, only Pakistani Residents can apply under this scheme.
Question: What is the minimum education for a candidate?
Although, it is not a general requirement for minimum educational qualification but this point can basically favor decision making by banks. Some companies, may require certain qualifications, certifications, diplomas, authorizations or licenses that the applicant has to posses.
SMEDA Services:
The Small and Medium Enterprises Development Authority (SMEDA) issues free procedures to the applicants under the PM`s Youth Program.
Contact Information:
Punjab (Head Office)
4th Floor 3rd Building Aiwan-e-Iqbal Complex Egerton Road Lahore
Phone: (042) 111-111-456, 99204701-12
Baluchistan
Bungalow No 15-A, Chaman Housing Scheme, Airport Road, Quetta.
Tel: (081)-2831623 – 2831702
Contact Email: [email protected]
Khyber Pakhtunkhwa
- The Mall, State Life Building, Ground Floor, Peshawar
- Contact DetailsTel: (091)-111-111-456, 091-9213046-7.
- Email: [email protected]
Sindh
- 5th Floor, Bahria Complex II, M.T. Khan Road, Karachi
- Tel: (021)-111-111-456
- Email: [email protected]
The PMYB&LS is specifically designed to exploit the potential of entrepreneurship in Pakistan that is just waiting to be unleashed, empowering the youth by providing them with a launchpad of their own to be able to compete with the globe and ensure economical and technological growth of the country.
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