PMYB&ALS (Prime Minister’s Youth Business and Agriculture Loan Scheme) promotes entrepreneurship among youth by providing business loans on simple terms and with less markup through 15 Commercial, Islamic and SME banks.
All the residents of Pakistan who fall between the age bracket of 21-45 years with entrepreneurial potential can apply for the loan. In the case of IT/ E-Commerce, the age is lowered to 18 years. The application will have to be submitted only online through our website.
Loans offered under PMYB&ALS are divided into 3 tiers:
Tier 1
The range is 0.5 million PKR with 0% markup
Tier 2
The range is above 0.5 Million upto 1.5 Million PKR with 5% markup
Tier 3
The range is above 1.5 Million upto 7.5 Million PKR with 7% markup
Eligibility Criteria
- No physical application form is required. All applications have to be submitted online at the following link/ address: https://pmyp.gov.pk/bankform/newapplicantform
- This scheme is only for resident Pakistanis.
- Government employees are not eligible from applying under this scheme.
- There is no general requirement of minimum educational qualification, though it will be a favorable consideration for decision making by banks. However, in case of businesses which compulsorily require certain qualification, certifications, diplomas, authorizations or licenses, the same must be held by the applicant.
