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.

Recommended Reading: Prime Minister Youth Development Package 2024 | PM Youth Program

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


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Recommended Reading: Prime Minister Youth Loan Scheme 2024 Online Apply {Updated}

Youth Entrepreneurship Scheme (PMKJ-YES) Benefits

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


Subsidized Markup Rate
Loan Types and Amount Limits
Tier ILoan Amount: PKR 0.1 to 1.0 million
Obligor Pricing: 3% per annum
Tier IILoan Amount: PKR 1.0 to 10 million
Obligor Pricing: 4% per annum
Tier IIILoan Amount: PKR 10 to 25 million
Obligor Pricing: 5% per annum
Loan DurationUp to 8 years
Repayment TermsMonthly installments with a 12-month grace period
Loan Amount RangePKR 100,000 to 25 million
Processing TimeQuick processing within 30 days
AvailabilityAvailable from all branches of ABL (Allied Bank Limited)
Processing FeePKR 100 only
Table: youth-entrepreneurship-scheme-benefits

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

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.


TierSectors & Products
Tier ISmartphones, Tablets, Laptops, Desktop Computers, Bikes, Generators, Solar systems
Tier IIAll sectors and products including agriculture (subject to Shariah compliance transactions)
Tier IIIAll sectors and products including agriculture (subject to Shariah compliance transactions)
Table: youth-entrepreneurship-scheme-sectors

Youth Entrepreneurship Scheme (PMKJ-YES) Eligibility Criteria


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

Eligibility CriteriaDetails
AgeMinimum: 21 years
Maximum: 45 years
For IT/E-Commerce: Minimum age is 18 years
Business TypeSmall enterprises (startups and existing businesses)
Sectors CoveredAll sectors and products, including agriculture
NationalityPakistani citizens
Business IdeaMust have a viable business idea in any sector (agriculture, manufacturing, services, etc.)
Business LocationMust be established in Pakistan
Educational QualificationMinimum matriculation certificate or equivalent
Loan Repayment PlanShould have a reasonable plan for loan repayment
Credit HistoryShould not have a bad credit history or default on previous loans
Criminal RecordShould not have any criminal record or pending legal cases
Existing BusinessExisting businesses are not eligible
Affiliated ProgramsApplicants 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:


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


Required DocumentsAdditional Documents (if required)
Loan Application Form (English & Urdu)Educational / Technical Diploma Certificates / Experience Certificates
Two recent Passport size PhotographsValid 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 branchValid license for business operations
Feasibility ReportNTN and Latest Tax Returns
Financials of the business as per the Bank’s Credit PolicyProof of any other source of income
Clean E-CIB of the applicant/obligor with no current overdue/write-off history to be obtainedLegal Status documents (in case of partnerships and companies etc.)
Undertakings from the obligor in compliance with relevant SBP PRsLetter from Chamber/Trade Body/Union/Association
In the case of collateral (immovable property/liquid securities), valuation & other formalities will be administered following CP & CPMBank 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 schemeCopy 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 requiredAny other document required by the approving hierarchy
Two References CNICS
Table: youth-entrepreneurship-scheme-documents-required

Recommended Reading: PM Youth Program | PM Green Youth Movement (Projects+Features)

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 (

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.

Recommended Reading: Prime Minister Youth Development Package 2024 | PM Youth Program

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.
  • 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.


  • 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.

Recommended Reading: Prime Minister Youth Loan Scheme 2024 Online Apply {Updated}

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.

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

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