Prime Minister Youth Business Loan (Get Rs.5 Lakh-3 Crore)

Youth Entrepreneurship Scheme (PMKJ-YES) [Application Process+Tracking]

by Waseem Akram with No Comment

The Youth Entrepreneurship Scheme (PMKJ-YES) is a program initiated by the Government of Pakistan to provide young entrepreneurs with financial assistance, training, and mentorship.

The scheme aims to promote entrepreneurship among the youth of Pakistan and facilitate the development of small and medium-sized enterprises (SMEs) in the country.

Through this program, the government aims to provide opportunities for young people to start their own businesses, create job opportunities, and contribute to the economic growth of Pakistan.

The program provides loans at a subsidized interest rate to eligible applicants who have a viable business plan. The loans are available in three different tiers, with different maximum loan amounts and repayment tenures.

The Youth Entrepreneurship Scheme is funded by the government of Pakistan through the Prime Minister’s Kamyab Jawan Programme, which is aimed at empowering the country’s youth through education, training, and economic opportunities.

Youth Entrepreneurship Scheme | Prime Minister Youth Loan Scheme 2023 Online Apply

Youth Entrepreneurship Scheme | Prime Minister Youth Loan Scheme 2023 Online Apply

Youth Entrepreneurship Scheme (PMKJ-YES) Benefits

The Youth Entrepreneurship Scheme (PMKJ-YES) in Pakistan offers several benefits to eligible applicants, including:

Benefit	Details
Subsidized Markup Rate
Loan Types and Amount Limits
Tier I	Loan Amount: PKR 0.1 to 1.0 million Obligor Pricing: 3% per annum
Tier II	Loan Amount: PKR 1.0 to 10 million Obligor Pricing: 4% per annum
Tier III	Loan Amount: PKR 10 to 25 million Obligor Pricing: 5% per annum
Loan Duration	Up to 8 years
Repayment Terms	Monthly installments with a 12-month grace period
Loan Amount Range	PKR 100,000 to 25 million
Processing Time	Quick processing within 30 days
Availability	Available from all branches of ABL (Allied Bank Limited)
Processing Fee	PKR 100 only

Table: youth-entrepreneurship-scheme-benefits

PMKJ-YES Types and Purpose Of Financing

The main purpose of the financing provided by PMKJ-YES is to promote entrepreneurship among the youth of Pakistan by providing them with access to affordable financing and support services.

The financing is intended to help individuals start or expand their own businesses, create employment opportunities, and contribute to the economic development of Pakistan.

The Youth Entrepreneurship Scheme (PMKJ-YES) in Pakistan offers the following types of financing options to eligible applicants, namely:

youth-entrepreneurship-scheme-financing-types

The financing sectors and product details are given in the following image.

Tier	Sectors & Products
Tier I	Smartphones, Tablets, Laptops, Desktop Computers, Bikes, Generators, Solar systems
Tier II	All sectors and products including agriculture (subject to Shariah compliance transactions)
Tier III	All sectors and products including agriculture (subject to Shariah compliance transactions)

Table: youth-entrepreneurship-scheme-sectors

Youth Entrepreneurship Scheme (PMKJ-YES) Eligibility Criteria

youth-entrepreneurship-scheme-eligibility-criteria

The details of the eligibility criteria for the Youth Entrepreneurship Scheme (PMKJ-YES) Pakistan are:

Eligibility Criteria	Details
Age	Minimum: 21 years Maximum: 45 years For IT/E-Commerce: Minimum age is 18 years
Business Type	Small enterprises (startups and existing businesses)
Sectors Covered	All sectors and products, including agriculture
Nationality	Pakistani citizens
Business Idea	Must have a viable business idea in any sector (agriculture, manufacturing, services, etc.)
Business Location	Must be established in Pakistan
Educational Qualification	Minimum matriculation certificate or equivalent
Loan Repayment Plan	Should have a reasonable plan for loan repayment
Credit History	Should not have a bad credit history or default on previous loans
Criminal Record	Should not have any criminal record or pending legal cases
Existing Business	Existing businesses are not eligible
Affiliated Programs	Applicants availing benefits from other government programs or schemes are not eligible

Table: youth-entrepreneurship-scheme-eligibility-criteria

Recommended Reading: Kamyab Jawan Program Loan Online Apply {5-30Lakh}

PMKJ-YES Documents Required While Submitting Application

Here are the documents required when submitting an application for the Youth Entrepreneurship Scheme (PMKJ-YES) in Pakistan:

youth-entrepreneurship-scheme-documents-required

Additional documents could also be required while applying for this scheme. This includes:

youth-entrepreneurship-scheme-documents-required-2

Required Documents	Additional Documents (if required)
Loan Application Form (English & Urdu)	Educational / Technical Diploma Certificates / Experience Certificates
Two recent Passport size Photographs	Valid Driving License
Valid CNIC/SNIC of obligor along with CNIC/SNIC NADRA Verisys or biometric verification as per AML/KYC/CFT guidelines of SBP by the branch	Valid license for business operations
Feasibility Report	NTN and Latest Tax Returns
Financials of the business as per the Bank’s Credit Policy	Proof of any other source of income
Clean E-CIB of the applicant/obligor with no current overdue/write-off history to be obtained	Legal Status documents (in case of partnerships and companies etc.)
Undertakings from the obligor in compliance with relevant SBP PRs	Letter from Chamber/Trade Body/Union/Association
In the case of collateral (immovable property/liquid securities), valuation & other formalities will be administered following CP & CPM	Bank Statement
Undertaking from the obligor to avail facility from one bank only and not to become a guarantor for loans to other persons under the scheme	Copy of Utility bills
Close relatives of ABL employees are not eligible to apply for financing under this scheme to ABL. An undertaking from the Obligor confirming the same is required	Any other document required by the approving hierarchy
Two References CNICS

Table: youth-entrepreneurship-scheme-documents-required

Youth Entrepreneurship Scheme Application Process

Here’s a detailed step-by-step guide on how to apply for the Youth Entrepreneurship Scheme (PMKJ-YES) in Pakistan:

Check Eligibility Criteria

The first step is to make sure you meet the eligibility criteria for the scheme. The details of this section are given above.

Online Registration

The first step is to register online on the PMKJ-YES program’s official website (https://kamyabjawan.gov.pk/yes).

Entrepreneurial and Business Training

After registering on the program’s website, you will need to complete a free entrepreneurial and business training program provided by the program’s partner organizations.

The training program is designed to equip you with the necessary skills and knowledge to develop a successful business.

The training program is conducted both online and in person and covers topics such as business planning, market research, financial management, and marketing.

Business Plan Submission

Once you have completed the training program, you will need to develop a comprehensive business plan that outlines your proposed business idea, marketing strategies, financial projections, and other relevant details.

Loan Application

After submitting your business plan, the program’s selection committee will review your application and business plan.

Loan Disbursement

After reviewing your loan application, the program’s selection committee will disburse the loan amount directly to your bank account if your application is approved.

The loan amount is determined based on the feasibility of your business plan and your financial needs.

Pros And Cons Of PMKJ-YES

Here are some potential pros and cons of the Youth Entrepreneurship Scheme (PMKJ-YES) in Pakistan:

Pros:

Accessible Financing: The PMKJ-YES scheme provides interest-free financing to young entrepreneurs.
Simplified Application Process: The scheme has a simplified application process and reduced paperwork requirements, making it easier for applicants to apply for and obtain a loan.
Business Development Support: The scheme provides business development support services, including training, mentoring, and coaching.
Youth Empowerment: The scheme is specifically designed to empower and support young entrepreneurs.
Job Creation: By supporting the establishment and growth of new businesses, the scheme helps to create employment opportunities and promote economic development in Pakistan.

Cons:

Limited Funding: The Youth Entrepreneurship Scheme has limited funding available, which means that not all eligible applicants may receive financing.
Eligibility Requirements: The Youth Entrepreneurship Scheme has strict eligibility criteria, which may limit the number of individuals who can apply for and receive financing.
Repayment Terms: While the financing provided by the scheme is interest-free, borrowers are required to repay the loan over a period of eight years.
Risk of Default: As with any loan program, there is a risk of default, which may result in negative consequences for both the borrower and the program.
Competition: The Youth Entrepreneurship Scheme may face competition from other programs and initiatives designed to promote entrepreneurship and provide financing to young entrepreneurs in Pakistan.

FAQs | PMKJ-YES | Youth Entrepreneurship Scheme

Who is eligible to apply for the PMKJ-YES scheme?

Individuals between the ages of 21 and 45 who are Pakistani citizens and have viable business ideas can apply for the scheme.

How much financing is available under the PMKJ-YES scheme?

Loan amounts can range from PKR 100,000 to PKR 25 million, depending on whether the applicant is starting a new business or expanding an existing one.

What is the repayment period for loans obtained through the PMKJ-YES scheme?

The loan repayment period is eight (08) years, including a one-year grace period.

Is there a processing fee for the PMKJ-YES scheme?

No, there is no processing fee associated with the PMKJ-YES scheme.

Can I apply for financing under the PMKJ-YES scheme if I have already received financing from another source?

Yes, individuals who have received financing from other sources are eligible to apply for financing under the PMKJ-YES scheme.

Is collateral required for PMKJ-YES loans?

Collateral is not required for loans up to Rs. 1,000,000. However, for loans over Rs. 1,000,000, collateral may be required.

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PM Youth Program | PM Green Youth Movement (Projects+Features)

by Waseem Akram with No Comment

The Prime Minister’s Green Youth Movement is an initiative launched by the Government of Pakistan to engage young people in environmental conservation and sustainability efforts.

The movement aims to empower young people to take practical steps toward creating a greener and cleaner Pakistan. The Prime Minister’s Green Youth Movement encourages young people to become leaders in the fight against climate change and take action to protect the environment.

The movement focuses on engaging young people in activities such as tree planting, waste management, and energy conservation. Through this initiative, the government aims to create a culture of environmental responsibility and sustainability among young people in Pakistan.

The Prime Minister’s Green Youth Movement also provides training and support to young people to develop their skills and knowledge in areas related to environmental conservation.

PM Youth Program Online Apply | PM Green Youth Movement

PM Youth Program Online Apply | PM Green Youth Movement

Prime Minister Green Youth Movement Key Focus Areas

kamyab-jawan-program-green-youth-movement

The Prime Minister’s Green Youth Movement in Pakistan has several key focus areas, which include:

Focus Area	Details
Tree Plantation	Promote tree planting to combat deforestation, soil erosion, and climate change.
Waste Management	Improve waste management practices to reduce pollution and promote sustainable living.
Energy Conservation	Promote energy conservation practices to reduce carbon emissions and support clean energy.
Clean Water	Promote initiatives to ensure access to clean and safe drinking water for all.
Eco-tourism	Support sustainable tourism practices and promote environmental conservation.
Green Cities	Create sustainable, livable cities that prioritize environmental conservation and sustainability.
Environmental Education	Raise awareness and understanding about environmental issues and the importance of conservation.

Table: Kamyab-jawan-program-green-youth-movement

Green Youth Movement initiatives

The Prime Minister’s Green Youth Movement in Pakistan has several initiatives that are aimed at engaging young people in environmental conservation and sustainability efforts. Some of these initiatives are:

Sector	Initiative	Details
01 Cleaning	Clean Green Pakistan	Clean up and beautify Pakistan by planting trees, improving waste management, and reducing plastic pollution.
02 Tree Grow	Ten Billion Tree Tsunami Programme	Plant 10 billion trees across Pakistan to combat deforestation, soil erosion, and other environmental issues.
03: Agriculture and Forestry	Youth Training and Internship Programme	Provide training and internship opportunities to young people in environmental conservation and sustainability.
04: Water	Green Jobs Programme	Create job opportunities for young people in renewable energy, waste management, and eco-tourism.
05: Renewable Energy	Green Schools Programme	Promote environmental education and sustainable practices in schools across Pakistan.
Liquid and Solid Waste	Eco-Friendly Transport Initiative	Promote the use of eco-friendly transport like bicycles and electric vehicles to reduce pollution.
Eco-tourism	Green Pakistan Volunteer Programme	Encourage young people to volunteer for environmental conservation and sustainability efforts.

Table: Kamyab-jawan-green-youth-movement

Eligibility Criteria

The eligibility criteria for the Prime Minister’s Green Youth Movement in Pakistan are as follows:

Age: Applicants must be between the ages of 15 and 35.
Citizenship: Applicants must be citizens of Pakistan.
Education: There is no specific educational requirement for joining the movement.
Interest in environmental conservation: Applicants must have a strong interest in environmental conservation and sustainability.
Availability: Applicants must be available to participate in training, workshops, and other activities organized by the movement.
Commitment: Applicants must be committed to promoting environmental conservation and taking practical steps to create a greener Pakistan.

Recommended Reading: Kamyab Jawan Program Loan Online Apply {5-30Lakh}

Prime Minister Green Youth Movement Application Form

The procedure for participating in the Prime Minister’s Green Youth Movement in Pakistan may vary depending on the specific program or activity.

However, the following are general steps that interested individuals can follow:

Visit the official website or App of the Prime Minister’s Green Youth Movement or the relevant government agency to get information about the various programs and activities under the movement.
Select the program or activity that you are interested in and check the eligibility criteria.
If you meet the eligibility criteria, submit the application form along with any required documents. The application process may be online or offline, depending on the program.
Once your application is accepted, you may be asked to participate in training, workshops, or other activities organized by the movement.
Participate actively in the activities and take practical steps to promote environmental conservation and sustainability.
Collaborate with other members of the movement and other organizations to promote the cause of environmental conservation.

Pros And Cons Of The Green Youth Movement

The Prime Minister’s Green Youth Movement in Pakistan has several pros and cons, which are discussed below:

Pros:

Environmental Conservation: The movement promotes environmental conservation and sustainability efforts in Pakistan.
Youth Engagement: The movement engages young people in environmental conservation and sustainability efforts.
Improved Quality of Life: The movement’s focus on clean water, eco-tourism, and green city initiatives can lead to an improved quality of life for Pakistanis by promoting sustainable living practices.
National Pride: The movement’s initiatives such as Clean Green Pakistan and Ten Billion Tree Tsunami Programme can generate national pride and a sense of accomplishment in contributing towards making Pakistan greener and cleaner.

Cons:

Limited Resources: The movement’s initiatives require significant resources, including funding, human resources, and infrastructure, which can be a challenge to secure.
Implementation Challenges: The movement’s initiatives require effective implementation and coordination with other government agencies and stakeholders, which can be a challenge in a complex system.
Overreliance on Tree Plantation: The movement’s emphasis on tree plantation may overlook other important aspects of environmental conservation and sustainability, such as waste management, energy conservation, and clean water initiatives.

FAQs | Prime Minister Green Youth Movement

What is the Prime Minister’s Green Youth Movement?

The Prime Minister’s Green Youth Movement is an initiative launched by the government of Pakistan to engage young people in environmental conservation and sustainability efforts.

What are the key focus areas of the Prime Minister’s Green Youth Movement?

The key focus areas of the Prime Minister’s Green Youth Movement include tree plantation, waste management, energy conservation, clean water, eco-tourism, green cities, and environmental education.

Who is eligible to participate in the Prime Minister’s Green Youth Movement?

Young people aged between 15 and 35 years can participate in the Prime Minister’s Green Youth Movement.

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Kamyab Jawan Program Loan Online Apply {5-30Lakh}

by Waseem Akram with No Comment

The Kamyab Jawan Program is an initiative launched by the Government of Pakistan to empower the country’s youth by providing them with financial and technical support to start their businesses or gain new skills.

The program offers various initiatives and through these initiatives, the government provides interest-free loans, seed money, and funding for youth-led projects, as well as technical and vocational training in various sectors.

The program has the potential to provide significant benefits to the youth, including financial support, skill development, and promotion of entrepreneurship.

Kamyab Jawan Program Loan Online Apply | Prime Minister Youth Program Online Apply

Kamyab Jawan Program Loan Online Apply | Prime Minister Youth Program Online Apply

Schemes Under the Kamyab Jawan Program

The Kamyab Jawan Program has different schemes or initiatives under its umbrella. Here are the different initiatives under the Kamyab Jawan Program:

Youth Entrepreneurship Scheme

This initiative provides interest-free loans ranging from Rs. 100,000 to Rs. 5,000,000 to young entrepreneurs between the ages of 21 and 45 years who are interested in starting their businesses.

Feature	Details
Loan Range	Rs. 100,000 to Rs. 5,000,000
Interest Rate	Interest-free
Age Eligibility	21 to 45 years
Partner Banks	National Bank of Pakistan (NBP), Bank of Khyber (BoK), Bank of Punjab (BoP)
Repayment Period	Up to 8 years
Collateral	No collateral or security required
Purpose	Promote innovation, job creation, and economic growth through entrepreneurship
Citizenship	Must be a Pakistani citizen
Age	Between 21 and 45 years
CNIC	Must have a valid Computerized National Identity Card (CNIC)
Business Proposal	Must be feasible with potential for growth and profitability
Criminal Record	Must not have a criminal record
Default Status	Must not be a defaulter of any financial institution

Table: youth-entrepreneurship-scheme

Hunarmand Pakistan Program

This program aims to provide technical and vocational training to the youth, helping them to acquire skills and knowledge in various trades and become self-employed.

Program Feature	Details
Training	Free-of-cost, covering theoretical and practical aspects
Stipend	Provided to cover living expenses during training
Toolkit	Given upon completion of the program
Trades Covered	Over 100 trades including construction, hospitality, beauty and wellness, agriculture, textile
Training Institutes	Designated institutes and centers across the country
Eligibility Criteria	Pakistani citizen Age 18-35 Valid CNIC Completed middle school education Passion for learning new skills
Admission Announcement	3 and 6-month duration in various technologies
Programs Offered	High End Skill Development Programme Conventional Skill Development Programme
Institutions	Over 700 institutions including universities and technical institutes
Specialized Technologies	For high-tech and conventional sectors
Further Information	Visit www.navttc.gov.pk for full details on technologies

Table: hunarmand-kamyab-jawan-program

Startup Pakistan Program

The Startup Pakistan Program is an initiative under the Kamyab Jawan Program launched by the Government of Pakistan to promote entrepreneurship and innovation among young people.

Program Feature	Details
Program Name	Startup Pakistan Program
Initiative Under	Kamyab Jawan Program
Objective	Promote entrepreneurship and innovation among young people
Support Provided	Seed money, funding, and mentorship
Funding Amount	Up to PKR 25 million for innovative startup ideas and early-stage businesses
Funding Partners	Pakistan Science Foundation, National ICT R&D Fund, Higher Education Commission
Additional Support	Mentorship and training to develop business plans
Eligibility Criteria	Pakistani citizen Age 18-45 Viable business idea or registered startup Valid CNIC Clean criminal record
Program Benefits	Job creation Economic growth Local impact Technology advancement
Initiatives	National Startup Showcase Empower Pakistan Acceleration Programs Prime Minister Innovation League
National Startup Showcase	Showcase startups to potential investors, partners, customers, mentors
Empower Pakistan	Connects Pakistani diaspora with young entrepreneurs for mentorship
Acceleration Programs	Provides resources and support to high-potential entrepreneurs
Prime Minister Innovation League	Competition for innovative ideas to solve real-world problems
Further Information	Visit www.kamyabjawan.gov.pk

Table: startup-pakistan-program

Green Youth Movement

The Green Youth Movement is an initiative under the Kamyab Jawan Program launched by the Government of Pakistan to promote environmental sustainability among young people.

Program Feature	Details
Program Name	Green Youth Movement
Initiative Under	Kamyab Jawan Program
Objective	Promote environmental sustainability among young people
Goals	Create awareness about environmental issues Engage youth in environmental activities
Areas of Training and Support	Climate change Biodiversity conservation Waste management Energy conservation
Support for Youth-led Initiatives	Community clean-up drives Tree-planting campaigns Green energy projects
Eligibility Criteria	Pakistani citizen Age 18-35 Valid CNIC Passion for environmental protection

Table: kamyab-jawan-program-green-youth-movement

Kamyab Jawan Internship Program

The Kamyab Jawan Internship Program is an initiative under the Kamyab Jawan Program launched by the Government of Pakistan to provide internship opportunities to young graduates.

Program Feature	Details
Program Name	Kamyab Jawan Internship Program
Initiative Under	Kamyab Jawan Program
Objective	Provide practical work experience to young graduates
Goals	Gain employability skills Improve chances of finding employment
Internship Opportunities	Public organizations Private organizations Non-governmental organizations Startups
Stipends	Provided to cover living expenses during the internship period
Eligibility Criteria	Age 18-30 Bachelor’s degree from a recognized institution Currently unemployed Pakistani citizen Open to both male and female applicants Available for the entire internship period

Table: kamyab-jawan-internship-program

Kamyab Jawan Program Application Process

Here are the step-by-step instructions for applying to the Kamyab Jawan Program:

Visit the Kamyab Jawan Program website: Visit the official website of the Kamyab Jawan Program at https://kamyabjawan.gov.pk/
Select the relevant program: Choose the program component that you are interested in applying for, such as the Youth Entrepreneurship Scheme .
Check eligibility: Review the eligibility criteria for the program and ensure that you meet all the requirements.
Register on the portal: Click on the “Apply Now” button on the program page and register for the program portal by providing your personal and business details.
Complete the application form: Fill out the application form with all the necessary details, including your personal information, business proposal, and financial details.
Upload required documents: Upload all the required documents, such as your CNIC, business plan, and financial statements.
Submit the application: Submit the application form and wait for a confirmation email or SMS.
Wait for the application review: The Kamyab Jawan Program team will review your application and contact you for any additional information or clarification.
Approval and Disbursement: If your application is approved, you will receive an offer letter, and the loan amount will be disbursed to your account after the completion of the necessary formalities.

Pros And Cons Of Kamyab Jawan Program

Here are some potential pros and cons of the Kamyab Jawan Program:

Pros:

Provides financial support: The program provides interest-free loans, seed money, and funding for youth-led projects.
Promotes skill development: The program offers technical and vocational training in various trades.
Promotes innovation and entrepreneurship: The program aims to support innovative business ideas and promote entrepreneurship, encouraging young people to think creatively and take risks.
Addresses youth unemployment: The program addresses the issue of youth unemployment by providing financial and technical support.

Cons:

Limited coverage: The program has limited coverage, and not all eligible applicants may receive funding or support.
Limited outreach: The program’s outreach may not reach all the potential beneficiaries, especially those in remote and underprivileged areas.
Potential for fraud: The program may be vulnerable to fraud and corruption, especially during the application and disbursement process.
Dependence on loans: While the program offers interest-free loans, young entrepreneurs may become dependent on loans and face difficulties in repaying them if their businesses do not succeed.

FAQs | Kamyab Jawan Program

Who is eligible to apply for the Kamyab Jawan Program?

The eligibility criteria for the program vary depending on the initiative. Generally, young entrepreneurs between the ages of 21 and 45 years are eligible to apply.

What are the different initiatives under the Kamyab Jawan Program?

The different initiatives under the Kamyab Jawan Program are the Youth Entrepreneurship Scheme (YES), Hunarmand Pakistan Program, Startup Pakistan Program, Green Youth Movement, and Internship Program.

What kind of support does the Kamyab Jawan Program provide to young entrepreneurs?

The program provides financial and technical support to young entrepreneurs, including interest-free loans, seed money, and funding for youth-led projects.

Can I apply for more than one initiative under the Kamyab Jawan Program?

Yes, you can apply for more than one initiative under the program, provided you meet the eligibility criteria and application requirements for each initiative.

What are the repayment terms for the loans provided through the Kamyab Jawan Program?

The repayment terms for the loans provided through the program vary depending on the initiative. Generally, the loans are interest-free and have a repayment period of up to eight years.

How long does it take to receive funding through the Kamyab Jawan Program?

The time it takes to receive funding through the program varies depending on the initiative and the application process. Generally, it takes a few weeks to several months to receive funding.

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If you have any questions contact us (email) at Contact@personalloan.pk | Personalloan.pk@gmail.com or leave us a comment, we would love to answer all of your queries. Thanks for reading!

Kamyab Jawan Program | Prime Minister Loan Scheme (Business+Agriculture)

by Waseem Akram with No Comment

The Prime Minister Loan Scheme is a Pakistani government-backed initiative designed to provide access to affordable and low-interest loans to small business owners and agricultural entrepreneurs in the country.

This program aims to stimulate economic growth by encouraging small business owners and entrepreneurs to start or expand their businesses. The Prime Minister Loan Scheme offers several features, including no collateral requirements, a low-interest rate of 0-7% per annum, and a repayment period ranging from 8 to 10 years.

The scheme is managed by the Small and Medium Enterprises Development Authority (SMEDA) and is offered through various participating banks and microfinance institutions, including the National Bank of Pakistan and Akhuwat Microfinance, etc. among others.

Kamyab Jawan Program | Prime Minister Loan Scheme

Kamyab Jawan Program | Prime Minister Loan Scheme

Prime Minister Loan Scheme Key Features

The Prime Minister’s Loan Scheme is a government-backed loan program designed to provide financial assistance to entrepreneurs and small business owners in Pakistan.

Here are the key features of the Prime Minister loan scheme:

Feature	Details
Security	No collateral is required for loans under PKR 1 million
Government Guarantee	50% guarantee for loans up to PKR 1 million 60% guarantee for loans above PKR 1 million
Interest Rate	0% – 7% per annum
Repayment Period	2 to 10 years

Table: Prime-Minister-Loan-Scheme-Key-Features

Range of Loans and Interest Rates

The range of loans or amounts offered and interest rates are given in the following image. This scheme offers PKR 0.5 Million to PKR 7.5 Million at interest rates of 0 to 7% respectively for a maximum duration of up to 10 years.

The details of this scheme are as follows:

Tier	Loan Amount Range	Markup Rate	Description
Tier 1	Up to 0.5 Million PKR	0%	Suitable for small-scale business projects needing minimal financing
Tier 2	Above 0.5 Million up to 1.5 Million PKR	5%	For entrepreneurs requiring higher financing to support their business projects
Tier 3	Above 1.5 Million up to 7.5 Million PKR	7%	Designed for large-scale business projects needing significant financing

Table: Prime-minister-loan-scheme-key-features

Recommended Reading: Kamyab Jawan Program Loan Online Apply {5-30Lakh}

Banks and Microfinance Institutions Involved In Prime Minister Loan Scheme

The banks and microfinance institutions that are managing this entire scheme are given in the following image.

banks-and-instituitions-involved-in-pm-youth-program

S.No	Bank	MFBC/MFIs
1	Bank of Punjab	Akhuwat Islamic Microfinance, NRSP
2	National Bank of Pakistan	NRSP
3	Askari Bank	Akhuwat Islamic Microfinance, Thardeep Microfinance Foundation, Damen Support Program
4	Habib Bank Limited	Akhuwat Islamic Microfinance
5	Meezan Bank	Akhuwat Islamic Microfinance

Table: banks-and-institutions-involved-in-pm-youth-program

Eligibility Criteria

The eligibility criteria for the Prime Minister Loan Scheme App are as follows:

Eligibility Criteria	Details
Age Limit	18 to 45 years
Citizenship	Pakistani citizen
Educational Qualification	At least a Matriculation certificate or equivalent
Business Plan	Submission of a well-structured business plan
Guarantor	At least 2 personal guarantors or collateral
Credit History	Clear credit history with no previous defaults
Nature of Business	Available for business and agriculture projects only
Loan Purpose	Must be utilized for the specific purpose mentioned in the business plan
Loan Repayment	Ability to repay the loan within the stipulated time frame

Table: Eligibility-Criteria

Documents Required

Document Type	Details
National Identity Card	A valid national identity card (CNIC)
Guarantor’s CNIC	CNIC of the personal guarantor
Business Plan	Detailed business plan outlining the proposed project
Educational Certificates	Certificates such as Matriculation, Intermediate, or Bachelor’s degree
Bank Statement	Bank statement for the last six months
Income Proof	Salary slips or business income statements
Photographs	Passport-sized photographs of the applicant and guarantor
Utility Bills	Recent utility bills of the applicant’s residence or business address
Collateral Documents	Collateral documents, if applicable
Other Certificates	Any other relevant certificates or documents pertaining to the project, such as licenses, permits, or registration documents

Table: Required-Documents

Prime Minister Loan Scheme Online Application Process

Here are the step-by-step instructions for applying for the Prime Minister’s Loan Scheme:

Eligibility Checking

Step 1: Eligibility Check Before applying for the loan scheme, applicants must check whether they meet the eligibility criteria. The eligibility criteria include:

Pakistani National
Age between 21-45 years
Businesses must be registered with FBR, Provincial Revenue Board, or District Industries Center
Business must be from an approved sector
No default in bank loans or any government organization

Business Plan

Step 2: Business Plan Preparation After confirming eligibility, the next step is to prepare a comprehensive business plan.

Selection of Bank Or Institution

Step 3: The Prime Minister’s Loan Scheme is offered through participating banks and microfinance institutions.

Application Form Submission

Step 4: The applicant can obtain the application form from the official website of the PM Youth Program from the selected bank’s website or by visiting the bank’s branch.

Copy of Computerized National Identity Card (CNIC)
Two passport-sized photographs
Copy of NTN certificate
Copy of sales tax registration certificate
Copy of the latest utility bill
Project feasibility report

Processing Of Application

Step 5: Once the application form is submitted with the required documents, the bank will process the loan application.

The bank may request additional information or documents as part of the loan application process. The bank will also evaluate the business plan to determine the feasibility of the project.

Loan Disbursement

Step 6: Once the loan application is approved, the loan amount will be disbursed to the applicant’s bank account.

Pros And Cons Of the Prime Minister Loan Scheme

Pros:

Easy Access to Finance: The Prime Minister’s Loan Scheme provides easy access to affordable and low-interest loans to small business owners and entrepreneurs who may not have access to traditional bank loans due to a lack of collateral or credit history.
No Collateral Requirement: The loan scheme does not require any collateral, making it easier for small business owners and entrepreneurs to obtain loans.
Low-Interest Rates: The scheme offers a low-interest rate of 6% per annum.
Longer Repayment Period: The scheme provides a repayment period ranging from 8 to 10 years, which provides more time for small business owners and entrepreneurs to repay the loan.
Technical Assistance and Advisory Services: The loan scheme provides technical assistance and advisory services to help small business owners and entrepreneurs succeed.

Cons:

Limited Eligibility: The scheme is only available to small business owners and entrepreneurs who meet specific eligibility criteria, which may limit its accessibility to certain groups of people.
Risk of Default: As with any loan, there is a risk of default. Small business owners and entrepreneurs who are unable to repay the loan may face legal action or other consequences.
Lack of Awareness: Many small business owners and entrepreneurs may not be aware of the Prime Minister’s Loan Scheme, which may limit its accessibility to those who need it the most.
Limited Funds: The funds available under the scheme may be limited, which may restrict the number of loans that can be provided.
Lengthy Application Process: The application process for the loan scheme can be lengthy, which may discourage some small business owners and entrepreneurs from applying.

FAQs | Prime Minister Loan Scheme

What is the age limit for the Prime Minister Loan Scheme?

To be eligible for the Prime Minister Loan Scheme, applicants must be Pakistani nationals between the ages of 21 and 45 years.

For IT Businesses minimum age limit is 18 years.

What is the maximum loan amount available under the Prime Minister Loan Scheme?

The maximum loan amount available under the scheme is up to Rs. 7.5 million.

What is the interest rate for the Prime Minister Loan Scheme?

The interest rate for the scheme is 0-7% per annum depending upon the loan amount.

What is the repayment period for the Prime Minister Loan Scheme?

The repayment period for the scheme ranges from 2 to 10 years.

Can I apply for the Prime Minister Loan Scheme if I already have a loan from a bank?

It depends on the bank’s policies and the credit status of applicants.

Some banks may allow you to apply for the loan scheme even if you already have a loan, while others may not.

How long does it take for the loan to be disbursed under the Prime Minister Loan Scheme?

The time it takes for the loan to be disbursed depends on the bank’s policies and the loan application process.

Generally, it takes several weeks to a few months for the loan to be disbursed.

Recommended Reading: Kamyab Jawan Program Loan Online Apply {5-30Lakh}

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Prime Minister Youth Loan Scheme 2024 Online Apply {Updated}

by Waseem Akram with No Comment

The Prime Minister Youth Loan Scheme is a government-backed initiative in Pakistan that aims to provide financial assistance to young entrepreneurs and farmers who aspire to start or expand their own businesses.

Under this scheme, eligible applicants can receive loans ranging from PKR 5 Lakhs to PKR 15 Lakhs at a low interest rate, with a repayment period of up to eight years.

Through the Prime Minister Youth Loan Scheme, young entrepreneurs can access business loans on easy terms and with low markup rates through a network of 15 commercial, Islamic, and SME banks.

The initiative not only aims to support the youth in realizing their entrepreneurial dreams but also promotes economic growth by creating job opportunities and stimulating innovation.

This article will explore the eligibility criteria, amount of loans, the application process, and benefits of the Prime Minister Youth Loan Scheme and its impact on the economy of Pakistan.

Prime Minister Youth Loan Scheme | PM Youth Program

Prime Minister Youth Loan Scheme | PM Youth Program
Prime Minister Youth Loan Scheme Online Application Process

PM Youth Program Eligibility Criteria

Prime-Minister-Youth-Loan-Scheme-Eligibility-Criteria

Here are the eligibility criteria for the Prime Minister Youth Loan Scheme in Pakistan:

Category	Details
Operational Areas	National Rural Support Program: Tehsil Turbat, District Kech, Balochistan
	Thardeep Microfinance Foundation: Sindh province
	Damen Support Program: Punjab province
Age Limit	The applicant must be between 18 and 45 years of age.
Citizenship	The applicant must be a Pakistani citizen.
Educational Qualification	The applicant must have at least a Matriculation certificate or equivalent.
Business Plan	The applicant must submit a well-structured business plan for the proposed project.
Guarantor	The applicant must provide at least 2 personal guarantors or collateral for the loan.
Credit History	The applicant’s credit history must be clear, with no previous defaults on loans or credit card payments.
Nature of Business	The loan is available for business and agriculture projects only.
Loan Amount	The loan amount is subject to the business plan’s feasibility and the applicant’s repayment capacity.
Loan Purpose	The loan must be utilized for the specific purpose mentioned in the business plan.
Loan Repayment	The applicant must have the ability to repay the loan within the stipulated time frame.

Table: Prime-Minister-Youth-Loan-Scheme-Eligibility-Criteria

Documents Required

Prime-Minister-Youth-Loan-Scheme-Details-In-Urdu

Here are the documents required to apply for the Prime Minister Youth Loan Scheme online in Pakistan:

Category	Details
New Loan Scheme	Prime Minister’s Youth Business & Agriculture Loan Scheme, providing interest-free loans
Action Required	Re-apply by filling out the online form available at the PM Youth Program portal: PM Youth Program Portal
Priority	Applications will be processed on priority for previous-stage applicants
Required Documents
National Identity Card	A valid CNIC of the applicant
Guarantor’s CNIC	CNIC of the personal guarantor
Business Plan	A detailed business plan outlining the proposed project
Educational Certificates	Educational certificates (e.g., Matriculation, Intermediate, Bachelor’s degree)
Bank Statement	Applicant’s bank statement for the last six months
Income Proof	Proof of income, such as salary slips or business income statements
Photographs	Passport-sized photographs of the applicant and guarantor
Utility Bills	Recent utility bills of the applicant’s residence or business address
Collateral Documents	Collateral documents, if applicable
Other Certificates	Any other relevant certificates or documents (e.g., licenses, permits, registration documents)

Table: Prime-Minister-Youth-Loan-Scheme-Details-In-Urdu

Recommended Reading: Kamyab Jawan Program Loan Online Apply {5-30Lakh}

Prime Minister Youth Loan Scheme Tiers

The Prime Minister Youth Loan Scheme offers loans under three tiers to support the entrepreneurial aspirations of Pakistani youth.

These tiers have been structured to cater to the diverse needs of young entrepreneurs and provide financing for a range of business projects.

Tier	Loan Amount Range	Markup Rate	Details
Tier 1	Up to 0.5 Million PKR	0%	Suitable for small-scale business projects needing minimal financing
Tier 2	Above 0.5 Million up to 1.5 Million PKR	5%	For entrepreneurs requiring higher financing to support their business projects
Tier 3	Above 1.5 Million up to 7.5 Million PKR	7%	Designed for large-scale business projects needing significant financing

Table: Prime-Minister-Youth-Program-Tiers

The scheme’s various tiers ensure that every aspiring entrepreneur can find the right level of financing to support their business aspirations.

S.No	Bank	MFBC/MFIs
1	Bank of Punjab	Akhuwat Islamic Microfinance, NRSP
2	National Bank of Pakistan	NRSP
3	Askari Bank	Akhuwat Islamic Microfinance, Thardeep Microfinance Foundation, Damen Support Program
4	Habib Bank Limited	Akhuwat Islamic Microfinance
5	Meezan Bank	Akhuwat Islamic Microfinance

Table: Prime-Minister-Youth-Loan-Tiers

Prime Minister Youth Loan Scheme Online Application Process

Prime-Minister-Youth-Loan-Scheme-Application-Form

Here is the step-by-step process to apply for the Prime Minister Youth Loan Scheme online via the official website: https://pmyp.gov.pk/BankForm/newApplicantForm

Register on the PM Youth Loan Scheme website: Go to the website and click on the “New Applicant Registration” button.
Login to your account: Once you have activated your account, log in using your email and password.
Fill out the application form: Select “New Application” from the dashboard and fill out the application form with all the necessary details.
Upload the required documents: Scan and upload the required documents, such as your CNIC, guarantor’s CNIC, educational certificates, business plan, bank statements, income proof, photographs, and utility bills, as applicable.
Submit the application: Review the application form and documents for accuracy and completeness.
Track the application status: After submitting the application, you can track the status of your application on the dashboard of your account.
Receive loan approval: If your application is approved, you will be contacted by the lending institution to complete the loan disbursement process.

Prime Minister Youth Loan Calculator

The Prime Minister Youth Loan Calculator is a tool available on the PMYLS website that helps you calculate your loan repayment amount based on the loan amount and loan period.

Here’s how to use it:

Go to https://pmyp.gov.pk/pmyphome/Calculator
Enter the Loan Amount you wish to apply for in the designated field.
Select the Loan Period by choosing the number of years from the dropdown list.
Click on “Calculate” to see the monthly installment amount and total repayment amount.

Application Tracking

The Prime Minister Youth Loan Scheme offers an online application tracking system, which allows applicants to monitor the progress of their loan application.

Here are the steps to track your loan application status:

Visit the PM Youth Loan Scheme website: Go to https://pmyp.gov.pk/pmyphome/TraceApplication
Enter your tracking ID: Enter the tracking ID that was provided to you when you submitted your loan application.
Click on the “Track” button: Once you have entered the tracking ID, click on the “Track” button to view the status of your loan application.
View application status: The tracking system will display the status of your loan application, including whether it has been approved, rejected, or is still under review. You may also receive updates via SMS and email.
Contact the lending institution: If you have any questions or concerns regarding the status of your loan application, you can contact the lending institution directly for further information.

Prime Minister Youth Program Contact Number

Prime-Minister-Youth-Program-Contact-Details

Here is the contact information for the Prime Minister Youth Program:

Website: https://pmyp.gov.pk
Email Address: Complaint@pmyp.gov.pk
Address: 4th Floor, 3rd Building, Aiwan-e-Iqbal Complex Egerton Road, Lahore
Telephone: (042) 111-111-456, 99204701-12

You can also visit the PMYLS website for additional information and resources about the program.

Prime-Minister-Youth-Loan-Scheme-Contact-Number

PM Youth Loan Scheme Pros And Cons

The Prime Minister Youth Loan Scheme (PMYLS) is a government-backed initiative aimed at providing financial assistance to young entrepreneurs in Pakistan.

Like any program, PMYLS has its own set of pros and cons.

Pros:

Access to financing: PMYLS provides financial support to young entrepreneurs who may not have access to traditional sources of financing.
Affordable interest rates: The scheme offers loans with competitive interest rates, which makes it an attractive financing option for young entrepreneurs.
Flexible loan terms: PMYLS offers flexible loan repayment terms, which makes it easier for young entrepreneurs to manage their finances.
Easy application process: The online application process is simple and streamlined, which reduces the barriers to entry for young entrepreneurs.
Government support: As a government-backed program, PMYLS provides a sense of security to borrowers, which can increase their confidence in taking on debt.

Cons:

Prime-Minister-Youth-Loan-Scheme-Online-Apply

Strict eligibility criteria: The scheme has strict eligibility criteria, which means that not all young entrepreneurs will qualify for the program.
Limited loan amounts: The loan amounts available under the scheme are limited, which may not be sufficient for some business projects.
Lengthy application process: Although the application process is easy, it can still be lengthy, which may discourage some young entrepreneurs from applying.
Collateral requirements: PMYLS requires collateral for loans, which can be a barrier to entry for some young entrepreneurs who may not have the necessary assets.
Risk of default: As with any lending program, there is a risk of default, which could have negative consequences for both borrowers and the government.

FAQs | Prime Minister Youth Loan Scheme

What is the Prime Minister Youth Loan Scheme (PMYLS)?

PMYLS is a government-backed initiative aimed at providing financial assistance to young entrepreneurs in Pakistan.

What is the Prime Minister Youth Program?

The Prime Minister Youth Program is a collection of initiatives launched by the government of Pakistan aimed at providing financial assistance, skill development, and employment opportunities to young people in the country.

What are the different initiatives under the Prime Minister Youth Program?

There are several initiatives under the Prime Minister Youth Program, including the Youth Loan Scheme, Youth Skills Development Program, Youth Training Program, Youth Business Loan Scheme, and the Youth Laptop Scheme.

Who is eligible for the Prime Minister Youth Program?

The eligibility criteria vary for each initiative under the program. Generally, young people between the ages of 18-35 years who are Pakistani citizens and meet the program’s specific requirements are eligible to apply.

How can I apply for the Prime Minister Youth Program?

The application process for each initiative under the program is different. Some applications can be submitted online, while others require in-person visits to the relevant offices.

What is the loan amount offered under the PMYLS?

The loan amount offered under the PMYLS ranges from PKR 500,000 to PKR 7,500,000, depending on the tier.

How can I apply for a PMYLS loan?

You can apply for a PMYLS loan online through the PMYLS website or by visiting one of the participating banks.

What happens if I default on my PMYLS loan?

If you default on your PMYLS loan, the lending institution may take legal action against you to recover the outstanding amount. This may also affect your credit rating and make it difficult for you to obtain financing in the future.

How can I apply for a PM Youth Loan Scheme?

The application process may vary depending on the country and scheme. Generally, you will need to submit a detailed business plan or project proposal along with your application form.

You may also be required to provide supporting documents such as identification proof, educational certificates, and financial statements.

It is recommended to visit the official website or contact the concerned authority to obtain the application form and understand the complete application procedure.

Can I apply for multiple PM Youth Loan Schemes simultaneously?

Yes, In general, you may be able to apply for multiple schemes if you meet the eligibility criteria.
However, it is important to check the guidelines of each scheme to understand any restrictions or limitations on applying for multiple loans simultaneously.

Recommended Reading: Kamyab Jawan Program Loan Online Apply {5-30Lakh}

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If you have any questions contact us (email) at Contact@personalloan.pk | Personalloan.pk@gmail.com or leave us a comment, we would love to answer all of your queries. Thanks for reading!

Prime Minister Youth Development Package 2024 | PM Youth Program

by Waseem Akram with No Comment

The Prime Minister Youth Development Package for the fiscal year 2024 is set to allocate a substantial amount of PKR 80 billion towards fostering the growth and empowerment of the youth in Pakistan.

This comprehensive initiative encompasses a diverse range of 11 schemes, including the esteemed PM Youth Loan Scheme, the PM Laptop Scheme, and the PM Sports and Education Fund, etc.

Program	Funding	Description
Total Package	Rs. 80 Billion
PM’s Pakistan Education Fund	Rs. 5 Billion	Support for education-related expenses
PM’s Green Youth Movement	Rs. 10 Billion	Initiatives for environmental sustainability
PM’s Youth Business & Agriculture Loans	Rs. 10 Billion	Loans for youth in business and agriculture
Women Empowerment	Rs. 5 Billion	Programs aimed at empowering women
PM’s Youth Laptop Scheme	Rs. 5 Billion	Distribution of laptops to youth
Fund for IT Startups & Venture Capital	Rs. 5 Billion	Support for IT startups and innovation
PM’s Sports Endowment Fund and University	Rs. 5 Billion	Funding for sports development and related universities
Tubewell Solarization	Rs. 30 Billion	Solarization of tubewells for agriculture
PM’s Youth Skills Development	Rs. 5 Billion	Skill development programs for youth
PM’s Digital Youth Hub	–	Dedicated portal for youth resources
PM’s Talent Hunt Youth Sports League	–	Sports League to discover and nurture talent

Table: PM-Youth-Program

In this article, we will explore the details of the Prime Minister Youth Development Package (under the Prime Minister Youth Program), and its eligibility criteria, and provide a step-by-step guide to the application process. So, let’s start our guide!

Prime Minister Youth Development Package | Prime Minister Youth Program

Prime Minister Youth Development Package | Prime Minister Youth Program

What Is Prime Minister’s Youth Development Package?

Prime-Minister-Youth-Development-Package-Advertisement

The Prime Minister Youth Development Package is a transformative program launched under the Prime Minister Youth Program, with a budget of PKR 80 billion, aimed at empowering the youth of Pakistan.

This comprehensive package comprises various government schemes and programs specifically designed to maximize the allocated funds’ impact and address the youth population’s diverse needs.

Let’s explore the different schemes and programs included in this package:

Scheme	Amount Assigned	Details	Features	Eligibility
PM Pakistan Education Fund	PKR 5 Billion	Improving access to quality education and providing financial support to deserving students. Funds will enhance educational facilities, provide scholarships, and promote research and innovation.	Scholarships, educational facilities enhancement, research promotion	Deserving students based on merit and financial need
PM Youth Business and Agriculture Loan	PKR 10 Billion	Promoting entrepreneurship and agricultural development among the youth. Funds will provide loans at favorable terms for young entrepreneurs and farmers to start or expand their businesses.	Favorable loan terms, support for business and agricultural ventures	Young entrepreneurs and farmers with viable business plans
PM Youth Laptop Scheme	PKR 10 Billion	Equipping deserving students with laptops to access digital resources and enhance educational opportunities.	Free laptops for eligible students	Deserving students, typically based on academic performance and financial need
PM Sports Endowment Fund and University	PKR 5 Billion	Promoting sports and physical fitness among youth. Funds will establish sports facilities, provide training opportunities, and support talented athletes.	Establishment of sports facilities, training opportunities, and support for athletes	Talented athletes and students interested in sports
PM Green Youth Movement	PKR 5 Billion	Engaging youth in environmental sustainability initiatives related to climate change, renewable energy, and conservation.	Support for green projects, awareness campaigns	Youth interested in environmental and sustainability projects
PM Women Empowerment Program	PKR 5 Billion	Empowering women with skill development, financial support, and access to resources for socio-economic upliftment. Funds will implement programs promoting gender equality and women’s entrepreneurship.	Skill development, financial support, entrepreneurship resources	Women seeking skill development and entrepreneurship opportunities
Fund for IT Startups and Venture Capital	PKR 5 Billion	Fostering innovation and entrepreneurship in the IT sector. Funds will provide financial support, mentorship, and incubation facilities to tech startups.	Financial support, mentorship, incubation facilities	IT startups and tech entrepreneurs
Tubewell Solarization	PKR 20 Billion	Promoting sustainable agriculture through the adoption of solar energy for irrigation. Funds will support farmers in using solar-powered tube wells to reduce reliance on conventional energy sources.	Support for solar-powered tube wells increased agricultural productivity	Farmers looking to adopt solar energy solutions for irrigation
PM Youth Skill Development	PKR 5 Billion	Enhancing skills and employability of youth. Funds will provide vocational training, apprenticeship programs, and career counseling.	Vocational training, apprenticeship programs, career counseling	Youth seeking skill development for employment or entrepreneurship
PM Digital Youth Hub	PKR 5 Billion	Harnessing digital technologies to provide digital skills training and access to online resources. Funds will establish digital hubs for youth to develop digital literacy and explore opportunities in the digital economy.	Digital skills training, access to online resources, digital hubs	Youth interested in developing digital skills and exploring digital economy opportunities
PM Talent Hunt Youth Sports League	PKR 5 Billion	They are discovering and nurturing young sporting talent. Funds will organize sports leagues, competitions, and talent hunt programs to provide a platform for youth to showcase their skills and pursue a career in sports.	Sports leagues, competitions, talent hunt programs	Youth with potential and interest in sports

Table: Prime-Minister’s-Youth-Development-Package

How To Apply For Prime Minister Youth Development Package | PM Youth Program

To apply for the Prime Minister Youth Development Package, follow these step-by-step instructions:

Visit the official website of the Prime Minister Youth Program: Access the official website at https://pmyp.gov.pk/.
Register yourself at the online portal: Create an account on the website by visiting https://www.pmyp.gov.pk/account/.
Select the program/scheme and fill out the online application form: After registering, log in to your account. E
Upload supporting documents to verify your identity and eligibility: Along with the application form, you may be required to submit supporting documents to validate your identity, eligibility, and qualifications.
Submit the form and wait for approval: Once you have filled in the application form and uploaded the required documents, review the information to ensure its accuracy.

Recommended Reading: Kamyab Jawan Program Loan Online Apply {5-30Lakh}

Prime Minister Youth Development Package | Prime Minister Youth Program Online Apply (Alternate Way)

Prime-Minister-Youth-Program-Online-Apply-Via-Mobile-App

An alternative way to apply for the Prime Minister Youth Development Package is through the official PM Youth Program App. Follow these steps:

Download the PM Youth Program Official App: Visit the Google Play Store and download the PM Youth Program Official App.
Install and open the app: Once the app is downloaded, install it on your smartphone or mobile device. Open the app to begin the application process.
Register or log in to your account: If you are a first-time user, register yourself by providing the necessary information, such as your name, contact details, and email address
Explore the available programs and schemes: Within the app, navigate through the different programs and schemes offered under the Prime Minister Youth Development Package.
Select the desired program and fill out the application form: Once you have chosen the program you wish to apply for, fill out the online application form provided within the app.
Upload supporting documents: As part of the application process, you may be required to upload supporting documents to verify your eligibility and qualifications.
Review and submit the application: Before submitting the application, review all the information you have entered to ensure its accuracy.
Await approval: After submission, the concerned authorities will review your application and supporting documents.

FAQs | Prime Minister Youth Development Package

What Is Prime Minister’s Youth Development Package?

Prime Minister Youth Development Package is a PKR 80 Billion Package specially designed for the development of Pakistan.

How much funding has been allocated for the Prime Minister Youth Development Package?

A budget of PKR 80 billion has been allocated for the Prime Minister Youth Development Package. This substantial amount will be utilized across different schemes and programs to maximize its impact.

What are the different schemes included in the Prime Minister Youth Development Package?

The Prime Minister Youth Development Package comprises 11 different schemes, namely:
PM Pakistan Education Fund
PM Youth Business and Agriculture Loan
PM Youth Laptop Scheme
PM Sports Endowment Fund and University
PM Green Youth Movement Green Revolution
PM Women Empowerment Program
Fund for IT Startups and Venture Capital Innovation Award
Tubewell Solarization
PM Youth Skill Development
PM Digital Youth Hub
PM Talent Hunt Youth Sports League

Who is eligible to benefit from the Prime Minister Youth Development Package?

Eligibility criteria may vary depending on the specific scheme or program. However, in general, the package aims to benefit the youth of Pakistan, which typically includes individuals between certain age limits.

Specific eligibility requirements, such as educational qualifications or specific criteria, may apply to each scheme.

What are the objectives of the Prime Minister Youth Development Package?

The Prime Minister Youth Development Package aims to achieve several objectives, including:

Promoting education and improving access to quality education for youth.
Encouraging entrepreneurship and providing financial support for business and agriculture ventures.
Enhancing digital literacy and access to technology through the provision of laptops and digital hubs.
Promoting sports and physical fitness among the youth.
Supporting environmental initiatives and fostering a green revolution.
Empowering women through skill development and entrepreneurship opportunities.
Fostering innovation in the IT sector and supporting startups.
Promoting sustainable agriculture through the adoption of solar energy in irrigation.
Enhancing the skills and employability of youth through vocational training.
Discovering and nurturing young talent in sports.

How can I apply for the Prime Minister Youth Development Package?

There are multiple ways to apply for the Prime Minister Youth Development Package.

You can visit the official website of the Prime Minister Youth Program at https://pmyp.gov.pk/ and register online, select the desired program, and fill out the application form.

Alternatively, you can download the official PM Youth Program App from the Google Play Store and apply through the app. Detailed instructions for the application can be found on the official website or within the app.

How can I get more information or clarification about the Prime Minister Youth Program?

For more information or clarification regarding the program, it is advisable to visit the official website of the Prime Minister Youth Program or contact the relevant government departments responsible for the specific schemes. Contact information and frequently updated FAQs are often provided on official platforms to address inquiries.

Can I apply for multiple schemes within the Prime Minister Youth Program?

In most cases, applicants are allowed to apply for multiple schemes within the Prime Minister Youth Program, provided they meet the eligibility criteria for each scheme. However, it is essential to carefully review the guidelines and requirements of each scheme to understand any restrictions or limitations on multiple applications.

Can non-citizens or non-residents apply for the Prime Minister Youth Program?

The eligibility criteria for the Prime Minister Youth Program typically prioritize Pakistani citizens or residents. However, specific schemes within the program may have different requirements or provisions for non-citizens or non-residents. It is important to refer to the guidelines of each scheme or contact the program authorities for clarification on eligibility for non-citizens or non-residents.

If you like this article, please comment and share this article with others on Facebook, WhatsApp, or any other platform.

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Agriculture Loan Scheme 2024 In Pakistan [PM Youth Program]

by Waseem Akram with No Comment

The Government of Pakistan has introduced the Prime Minister’s Youth Business & Agriculture Loan Scheme (PMYB & ALS) ranging from Rs. 1.500 million to 5.000 million.

Designed specifically for rural youth aged between 21-45 years, this scheme aims to address their term loan and working capital financing needs within the agriculture sector with a low mark-up rate subsidized by the Government of Pakistan.

This scheme would be implemented by different banks in Pakistan e.g. Zarai Taraqiati Bank Limited (ZTBL), the selected banks would receive applications, and after scrutiny, final applicants would receive loan grants.

From now on, we will proceed with our guide on the agriculture loan scheme, by taking Zarai Taraqiati Bank Limited (ZTBL) as a reference for our guide. So, let’s start our guide!

Recommended Reading:

Agriculture Loan In Pakistan (15-50Lakh) [PM Youth Program]

Agriculture Loan In Pakistan (15-50Lakh) [PM Youth Program]
What Is The Prime Minister’s Youth Programs?

What Is The Prime Minister’s Youth Programs?

Here’s an overview of the Prime Minister’s Youth Programs:

Program Name	Details
Prime Minister’s Youth Business & Agriculture Loan Scheme (PMYB & ALS)	Aimed at rural youth aged 21-45 years. Addresses term loan and working capital financing needs within the agriculture sector. Loan amounts range from Rs. 1.500 million to Rs. 5.000 million. Low mark-up rate subsidized by the Government of Pakistan.
Prime Minister’s Youth Program (PMYP)	Includes various schemes, such as the PMYB & ALS. Designed to empower and support youth in entrepreneurship and agriculture. Implemented by different banks in Pakistan.
Eligibility Criteria	Open to all citizens of Pakistan aged 21 to 45 years. Individuals engaged in entrepreneurial or agricultural/cottage activities are eligible. Government employees are not eligible.
Loan Application Process	Applications are submitted through the PM Youth Online Portal. Oversight by the Prime Minister’s House and the National Information Technology Board.
Documentation Required	Valid CNIC copy, e-CIB report, agricultural documents, and photographs.
Loan Limits	Production loans range from Rs. 1.500 million to Rs. 2.500 million. Development loans ranging from Rs. 1.500 million to Rs. 5.000 million.
Borrower’s Contribution	Borrowers are required to contribute 20% of the total loan amount.
Collateral	Secured against tangible properties or acceptable securities. Alternative collateral is accepted for rural youth without available collateral.
Interest Rate	Borrowers are responsible for a 7% markup on loans, with the remaining covered by the Government of Pakistan.
Loan Sanctioning Authority	Central Loan Sanctioning Department (CLSD) at the Head Office.
Repayment Schedule	Working capital loans repayable over 5 years, with an initial 2 years for markup only. Development loans are repayable over 8 years with half-yearly installments.
Monitoring and Oversight	Collaborative monitoring involving bank authorities, PMYP, SBP, and other stakeholders.

Table: Overview Of Prime Minister’s Youth Programs

Eligibility Criteria For Agriculture Loan In Pakistan

Citizenship: Open to all citizens of Pakistan.
Age Range: Applicants must fall within the age bracket of 21 to 45 years.
Entrepreneurial Engagement: Individuals involved in entrepreneurial activities or engaged in agricultural/cottage activities are eligible.
Loan Limit: Customers are allowed to avail themselves of two loans – one short-term and one long-term within their Micro Credit Line (MCL).
Government Employment: Government employees are not eligible to apply for financing under this scheme.
Previous Default Status: Individuals who are defaulters of ZTBL or any other Financial Institution are not eligible for financing under this scheme.
Enhancement of Loan Limit: Only regular genuine borrowers are entitled to the facility of enhancing the Agriculture Loan limit.
Documentation: A valid copy of a Computerized National Identity Card (CNIC) is a mandatory requirement.
Credit History: Applicants must provide a clear electronic Credit Information Bureau (e-CIB) report from the State Bank of Pakistan (SBP).
Risk Rating: Applicants with an Obligors Risk Rating (ORR) up to 4 are eligible for consideration under this financing scheme.

Required Documents For Agriculture Loan In Pakistan

Step	Action
Loan Application Submission	Submit loan applications through the PM Youth Online Portal.
Application Mechanism	The Prime Minister’s House oversees the process. NITB and NADRA developed the online portal for application submission.
Application Tier and Submission	Apply through Tier-3 on the PM Portal. After submission, the application is sent to the relevant bank for processing.
Guidance and Application Assistance	Field functionaries guide applicants about the scheme and assist in completing the online application forms.
Agricultural Documentation	Provide essential agricultural documents: Agri. Passbook, Fard Jamamadi, or Alienability Certificate.
Photographic Evidence	Submit two recent photographs of the applicant.

Table: Required Documents For Agriculture Loan In Pakistan

Maximum Loan Limit For Agriculture Loans in Pakistan

Production Loans

Borrowers can access a per-borrower/party loan limit ranging from Rs. 1.500 million to Rs. 2.500 million under the Production Loans.

Development Loans

The per borrower/party loan limit for Development Loans within the scheme for agriculture loans is set between Rs. 1.500 million to Rs. 5.000 million.

Step-by-Step Guide To Applying For PM Youth Loans

Here’s a step-by-step guide to applying for PM Youth Loans through ZTBL Bank:

Step	Action
Step 1: Eligibility Check	Ensure you meet the eligibility criteria: Be a citizen of Pakistan aged between 21 to 45 years. Engaged in entrepreneurial or agricultural/cottage activities. Not employed by the government.
Step 2: Documentation	Gather required documents: Valid copy of Computerized National Identity Card (CNIC). Electronic Credit Information Bureau (e-CIB) report from the State Bank of Pakistan (SBP). Essential agricultural documents (Agri. Passbook, Fard Jamamadi, or Alienability Certificate). Two recent photographs.
Step 3: Online Application	Visit the PM Youth Online Portal: Access the portal through the designated website. Follow the instructions to create an account or log in if you already have one.
Step 4: Application Submission	Complete the loan application form: Provide accurate information as per the guidelines. Upload the required documents as specified. Double-check the information before submission.
Step 5: Tier Selection	Choose Tier-3 for application submission: Select the appropriate tier on the PM Portal interface. This tier ensures your application is routed to ZTBL Bank for processing.
Step 6: Application Review	Wait for application review: ZTBL Bank will scrutinize your application and documents for eligibility and completeness. Be prepared to provide additional information if requested.
Step 7: Loan Sanctioning	Await loan sanctioning: The Central Loan Sanctioning Department (CLSD) at ZTBL Head Office will approve loans up to the specified limit. You will be notified of the loan-sanctioning decision.
Step 8: Loan Disbursement	Receive loan disbursement: Once sanctioned, the approved loan amount will be disbursed into your designated bank account. Ensure all necessary arrangements are made to utilize the funds for the intended purpose.
Step 9: Repayment	Repay the loan as per the agreed schedule: Adhere to the repayment terms specified in the loan agreement. Make timely payments to avoid penalties or default.
Step 10: Monitoring	Participate in monitoring activities: Collaborate with ZTBL Bank and other stakeholders for ongoing monitoring of the loan scheme. Stay informed about any updates or changes related to your loan.

Table: Step-by-Step Guide To Applying For PM Youth Loan

Borrower’s Contribution For Agriculture Loan In Pakistan

Financial Participation:

Borrowers are required to contribute 20% of the total loan amount either through a deposit or investment for Agriculture Loan In Pakistan Project.

Collateral For Agriculture Loan In Pakistan

Secured Loan: The loan will be secured against various types of tangible properties or securities deemed acceptable by the Bank.

Alternative Collateral for Rural Youth: In instances where collateral is not available with rural youth, the property belonging to their parents or family members can be accepted as security. These individuals will be included as co-applicants for this purpose.

Cost of Credit For Agriculture Loan In Pakistan

Loan Application Fee

A Loan Application Fee of Rs.100/- will be charged, encompassing NADRA online verification charges.

Rate of Mark-up

Borrowers are responsible for paying a 7% markup on the loans. The remaining portion of the markup will be covered by the Government of Pakistan.

Checking Your Prime Minister Youth Loan Status

Here’s a brief step-by-step guide on how to check your Prime Minister Youth Loan status:

Step	Action	Description
Step 1: Access Portal	Visit the PM Youth Online Portal	Go to the official PM Youth Online Portal designated for loan status inquiries.
Step 2: Log In	Log in to Your Account	Use your credentials to log in to your account on the portal.
Step 3: Navigate	Navigate to the Loan Status Section	Find the section or tab labeled “Loan Status” on the portal interface.
Step 4: Enter Details	Enter Required Information	Provide necessary details such as your application ID or CNIC number.
Step 5: Submit	Submit Your Request	Submit your request to check the status of your Prime Minister Youth Loan.
Step 6: Review	Review Status Update	Wait for the portal to display the status of your loan application.
Step 7: Follow Up	Follow Up as Necessary	If needed, follow up with relevant authorities for further clarification.

Table: Checking Your Prime Minister Youth Loan Status

Repayment Schedule For Agriculture Loan In Pakistan

Working Capital Loans

The repayment period for working capital loans is set at 5 years. During the initial 2 years, only the markup will be payable. Subsequently, for the next 3 years, both principal and markup will be paid, completing the total repayment period of 5 years.

Development Loans

Development loans will be repaid within 8 years through half-yearly installments.

Monitoring For Agriculture Loan In Pakistan

Collaborative Oversight

The monitoring of the scheme will be conducted through close collaboration among the respective Bank authorities, PM Youth Program (PMYP), State Bank of Pakistan (SBP), and other relevant stakeholders.

Regular Evaluation:

Ongoing assessments will be implemented to ensure effective supervision and compliance with the program’s objectives.

Stakeholder Involvement

Multiple stakeholders, including banking authorities, the PM Youth Program, and the State Bank of Pakistan, will actively participate in the monitoring process to guarantee transparency and accountability.

Contact Detail of Zari Taraqiati Bank Loan (ZTBL)

Official Website: https://ztbl.com.pk/
Address: 1 Faisal Ave, Near Zero Point Interchange, G-7/1, Islamabad Capital Territory, P.O Box 1400.
Telefone: 051 9252805
Email: contactus@ztbl.com.pk

Frequently Asked Questions (FAQs) – Agriculture Loan

What is the Prime Minister’s Youth Business & Agriculture Loan Scheme (PMYB & ALS)?

PMYB & ALS is a collaborative initiative between the Government of Pakistan and the State Bank of Pakistan aimed at providing term loans and working capital financing to rural youth aged between 21-45 years in the agriculture sector.

What are the loan limits available under the scheme?

Borrowers can access loan limits ranging from Rs. 1.500 million to Rs. 2.500 million for production loans and Rs. 1.500 million to Rs. 5.000 million for development loans.

How many loans can customers avail of within their Micro Credit Line (MCL)?

Customers are allowed to avail themselves of two loans – one short-term and one long-term – within their Micro Credit Line.

Are there any eligibility criteria for enhancing the Agriculture Loan limit?

Only regular genuine borrowers are entitled to the facility of enhancing the Agriculture Loan limit.

What documentation is required for a loan application?

A valid copy of the Computerized National Identity Card (CNIC) is a mandatory requirement, along with a clear electronic Credit Information Bureau (e-CIB) report from the State Bank of Pakistan.

How much is the borrower’s contribution towards the total loan amount?

Borrowers must contribute 20% of the total loan amount through a deposit or investment for the Agriculture Loan project.

What is the Loan Application Fee?

A Loan Application Fee of Rs.100/- will be charged, encompassing NADRA online verification charges.

What is the loan markup rate, and how is it distributed between the borrower and the Government of Pakistan?

Borrowers are responsible for paying a 7% markup on the loans, with the remaining portion of the markup covered by the Government of Pakistan.

Who sanctions the loans, and what is the maximum sanction limit?

The Central Loan Sanctioning Department (CLSD) at the Head Office is the designated authority for sanctioning loans, with a maximum sanction limit of Rs. 5.000 million.

What are the repayment periods for different types of loans?

Working capital loans have a repayment period of 5 years, with only markup payable in the initial 2 years. Development loans have an 8-year repayment period through half-yearly installments.

How is the scheme monitored to ensure its effectiveness and transparency?

Close monitoring is conducted through collaboration among respective Bank authorities, the PM Youth Program (PMYP), and the State Bank of Pakistan, ensuring transparency and accountability. Multiple stakeholders actively participate in the monitoring process.

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