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

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


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Youth Entrepreneurship Scheme (PMKJ-YES) Benefits

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


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:


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


Youth Entrepreneurship Scheme (PMKJ-YES) Eligibility Criteria


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

  • Age: Applicants must be between the ages of 21 and 45 years old (for IT Business minimum age limit is 18 years).
  • Nationality: Applicants must be Pakistani citizens.
  • Business Idea: Applicants must have a viable business idea in any sector, including agriculture, manufacturing, services, etc.
  • Business Location: The proposed business must be established in Pakistan.
  • Educational Qualification: The minimum educational qualification required for the scheme is a matriculation certificate or equivalent.
  • Loan Repayment: Applicants should have a reasonable plan for loan repayment.
  • Credit History: Applicants should not have a bad credit history or default on previous loans.
  • Criminal Record: Applicants should not have any criminal record or pending legal cases.
  • Existing Business: Existing businesses are not eligible for the scheme.
  • Affiliated Programs: Applicants who are already availing of benefits from other government-affiliated programs or schemes are not eligible for PMKJ-YES.

Remember, the eligibility criteria do not guarantee approval for the PMKJ-YES scheme.

The scheme is highly competitive, and applicants are evaluated based on the quality of their business idea and their ability to manage and operate a successful business.

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:


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


Youth Entrepreneurship Scheme (PMKJ-YES) Step-By-Step 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 (

The registration process requires providing personal information such as name, contact information, and NIC/CNIC number.

Once you have completed the registration process, you will receive an email with a verification link. Click on the verification link to complete the registration process.

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.

You can download the business plan template from the program’s website and fill in the necessary details. After completing the business plan, you will need to upload it to your account on the program’s website.

Loan Application

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

If your application is successful, you will be invited to complete a loan application form, which requires providing additional personal and business information.

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.

You will also receive ongoing support from the program’s partner organizations to help you grow your business and achieve your goals.

Pros And Cons Of PMKJ-YES

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


  • Accessible Financing: The PMKJ-YES scheme provides interest-free financing to young entrepreneurs, making it more accessible to individuals who may not have the collateral or credit history required by traditional banks.
  • 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, to help applicants develop their business skills and knowledge.
  • Youth Empowerment: The scheme is specifically designed to empower and support young entrepreneurs, providing them with the resources and tools needed to succeed in their business ventures.
  • Job Creation: By supporting the establishment and growth of new businesses, the scheme helps to create employment opportunities and promote economic development in Pakistan.


  • Limited Funding: The PMKJ-YES scheme has limited funding available, which means that not all eligible applicants may receive financing.
  • Eligibility Requirements: The 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, which may be challenging for some entrepreneurs.
  • 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 scheme may face competition from other programs and initiatives designed to promote entrepreneurship and provide financing to young entrepreneurs in Pakistan.


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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