Prime Minister’s Youth Business & Agriculture Loan Scheme
#Pakistan: PMYB&ALS promotes entrepreneurship among youth by providing business loans on simple terms and with less markup through 15 Commercial, Islamic and SME banks.
All Pakistani residents, aged between 21 and 45 years with entrepreneurial potential are eligible to apply for the loan. For IT/ E-Commerce related businesses, the lower age limit is 18 years. Applications have to be submitted online only through our website.
Loans provided under PMYB&ALS are segregated into 3 tiers.
Tier 1
The range is 0.5 million PKR with 0% markup
Tier 2
The range is above 0.5 Million upto 1.5 Million PKR with 5% markup
Tier 3
The range is above 1.5 Million upto 7.5 Million PKR with 7% markup
Apply for Loan
Fill online loan application
Track
Check status of your loan application
Calculator
Calculate loan repayment schedule
Supporting Material
Urdu Manual
Guidelines in Urdu to fill loan application
English Manual
Guidelines in English to fill loan application
Frequently Asked Questions
- Can loan be applied physically in branches?
No physical application form is required. All applications have to be submitted online at the following link/ address:
- Can a non-resident Pakistani apply?
No. This scheme is only for resident Pakistanis.
- Can government employees apply?
No. Government employees are strictly barred from applying under this scheme.
- Does any gender have any priority?
There is no gender discrimination in this scheme and applicants of all genders are offered equal opportunities. However, considering the ground realities and to protect the fair gender, a minimum of 25% share on aggregate basis of all loans is kept for women.
- What is the minimum educational requirement for an applicant?
There is no general requirement of minimum educational qualification, though it will be a favorable consideration for decision making by banks. However, in case of businesses which compulsorily require certain qualification, certifications, diplomas, authorizations or licenses, the same must be held by the applicant.
