This initiative offers subsidized loans to help youth start new ventures or expand existing businesses in both the SME and agriculture sectors.
What Is the PM Youth Business & Agriculture Loan Scheme?
The PMYB&ALS is a flagship loan initiative launched by the Prime Minister of Pakistan to provide financial support to young individuals. The program offers affordable loans with minimal markup through a network of commercial, Islamic, and SME banks. The goal is to:
- Encourage youth entrepreneurship
- Support the growth of existing businesses
- Strengthen the SME and agriculture sectors
- Boost national economic development
Key Objectives
The scheme aims to:
- Promote self-employment and innovation
- Increase access to finance for underserved segments
- Uplift rural and agricultural communities
- Empower Pakistan’s youth with economic independence
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Loan Tiers & Markup Rates
Loans under PMYB&ALS are categorized into three tiers based on the loan amount and markup:
Tier
Loan Amount (PKR)
Markup Rate
Loan Tenure
Tier 1
Up to 500,000
0%
Up to 3 years
Tier 2
500,001 to 1.5 million
5%
Up to 8 years
Tier 3
1.5 to 7.5 million
7%
Up to 8 years
Eligibility Criteria
To apply, the applicant must:
- Be a citizen of Pakistan with a valid CNIC
- Be between 21 and 45 years of age
(Minimum age is 18 for IT/e-commerce businesses with matric or equivalent education) - Be an individual, sole proprietor, partner, or company director within the specified age bracket
- Own a startup or existing business
- Farmers will be eligible based on SBP s “Indicative Credit Limits & Eligible Items for Agriculture Financing 2020”
Step-by-Step: How to Apply Online
Applications can only be submitted online. Here’s how to apply:
- Visit the Official PM Loan Portal and click “Apply Now”
- Enter your CNIC number, issue date, and select your desired loan tier
- Fill in your Personal Information, including:
- Name, contact details, guardian info
- Select your preferred bank
- Provide Business Details:
- Type of business, category, sector, experience, documents
- Fill in Loan & Financing Information:
- Desired amount, loan duration, any existing loans
- Agree to Terms & Conditions and click Submit
You will receive a registration number on your screen and via SMS. Save it for future reference.
How to Check Your Application Status
To track your loan application:
- Click on the “Check Application Status” button on the portal
- Enter your CNIC, issue date, mobile number, and date of birth
- Click “Submit” to view your status
Loan Repayment Calculator
Use the official Loan Repayment Calculator on the portal to estimate your monthly installments based on your chosen loan tier, amount, and tenure.
The PM Youth Business and Agriculture Loan Scheme is a golden opportunity for Pakistan’s youth to take charge of their financial future. With loans of up to Rs. 7.5 million, this initiative offers crucial support for aspiring entrepreneurs and small business owners.
Whether you re launching a new startup or scaling an existing business, PMYB&ALS gives you the tools to succeed — without the burden of high interest or complex procedures. Apply today and take the first step toward your entrepreneurial journey.
