PM Youth Business Loan & Agriculture Loan Scheme
PM Youth Business Loan: The PMYB & ALS 15 commercial Islamic and SMI Banks encourage young people to start their own businesses by offering business loans with simple terms and minimal markups. Anyone residing in Pakistan who is between the age of 21 and 45 may apply for a business capacity. The legal minimum age to conduct business in the IT/E commerce is 18. Only online applications through official website will be accepted.
There are 3 types pf loan:
Tier 1
Their is 0% markups Under 0.5 Million
Tier 2
Their is 5% Markups Under 0.5 million 1.5 million
Tier 3
Their is 7% Markups Above 1.5 Million
Eligibility Criteria
- All Citizens who are between the age of 21 and 45 and exhibit entrepreneurial potentials
- Business involved in IT/E-COMMERCE must be at-least 18 years old.
- For individuals and single proprietors, the top requirement of education will be at at least Matriculation or an equivalent degree.
- Owners of all other businesses, including pandemics and corporations, must fall under the aforementioned age range however, just one partner partner or director is required.
- young people-owned startups existing firms are also eligible, as are small and medium-sized enterprises.
- Farmers Ratings will be used in accordance with the qualifying items for the SBP indicator credit limit and agriculture.
How to Apply for Loan
Their few simple steps that you should follow and get Loan Easily
- First you have to clink the button given Below
- Then you will be redirect to the form and fill al the personal details
- After that your documents will submit to the government of Punjab if you are eligible for loan you will get SMS on your registered Mobile number
- if you want to check your application Status click the button given below
- Also if you want to check how much monthly instalment click the button below
For Tracking your Application Click below
Calculator For instalments
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