The Prime Minister’s Youth Business and Agriculture Loan Scheme (PMYB&ALS) 2025 is a financing program that supports young entrepreneurs and farmers across Pakistan. The initiative provides low-cost loans through about 15 partner banks, covering all business sectors including services, manufacturing, livestock, fisheries and crop farming.
The scheme is available for Pakistani citizens aged 21- 45 years. For IT and e-commerce ventures, the minimum age is 18 years. Loans are processed entirely online via the PM Youth Portal (pmyp.gov.pk).
Loan Categories and Markup Rates
| Tier | Loan Amount | Markup |
|---|---|---|
| Tier 1 | Up to PKR 0.5 million | 0% (interest-free) |
| Tier 2 | PKR 0.5-1.5 million | 5% |
| Tier 3 | PKR 1.5-7.5 million | 7% |
| Tier 4 | Laptop loans (introduced Sept 2025) | 0% |
25% of the loans are reserved for women entrepreneurs.
Key Features and Benefits
- Low-cost financing: Tier 1 loans are interest-free; higher tiers carry subsidized markup.
- Flexible repayment: Development loans may extend up to 8 years with a grace period of up to 1 year.
- Self-employment focus: The scheme encourages startups and SMEs to create new jobs.
- Women’s inclusion: One-quarter of the loans are earmarked for female applicants.
- Wide coverage: Eligible for youth and farmers in all regions of Pakistan.
Eligibility Criteria
- Nationality: Must be a Pakistani citizen with valid CNIC.
- Age: 21- 45 years (minimum 18 years for IT/e-commerce).
- Business Type: Startups, existing businesses, SMEs, and agriculture projects.
- Plan Requirement: Must submit a clear and feasible business plan or proposal.
- Credit History: Applicants should have a clean credit record (no write-offs).
- Limitations: Only one loan per applicant; duplication across banks is not allowed.
Required Documents
- Online loan application form (from pmyp.gov.pk)
- Two passport-size photographs
- Valid CNIC/SNIC of applicant (and co-applicant if any)
- Detailed business plan or feasibility report
- Financial statements or projected financials (for startups)
- Clean SBP e-CIB report
- Collateral documents (if applicable)
- Proof of business registration, NTN, or tax returns (if available)
- Proof of income, utility bill or address verification
- Undertaking declaration (as required by banks)
How to Apply Online
- Visit the official portal: pmyp.gov.pk
- Register with your CNIC and create an account.
- Fill in the digital loan application form.
- Select your preferred participating bank from the drop-down list.
- Upload CNIC, business plan, and other documents.
- Submit the form and note the reference number.
- Track progress on the same portal using your CNIC.
How to Check Application Status
- Go to the Track Application option on pmyp.gov.pk.
- Enter CNIC, date of birth, and registered mobile number.
- The portal will show the latest status (in progress, approved, or disbursed).
- Applicants also receive SMS notifications.
Loan Disbursement and Repayment
- Approved loans are disbursed to the applicant’s account.
- Development loans can be repaid over up to 8 years, with grace periods where applicable.
- Working capital loans may allow interest-only payments for 2 years, followed by full installments.
- Repayments can be scheduled monthly, quarterly, or half-yearly.
- A late fee may apply in case of missed installments.
Where to Apply and Get Help
- Main Portal: pmyp.gov.pk
- Participating Banks: BOP, HBL, Allied Bank, UBL, Sindh Bank, NBP, MCB, Askari Bank, Soneri Bank, ZTBL and others.
- Helpline: 051-9203585 (Digital Youth Hub)
- Email: complaint@pmyp.gov.pk
- Bank Support: Banks also provide SME desks and loan officers for assistance.
Key Dates and Updates
- The program is ongoing with no closing date.
- Applications are open continuously via pmyp.gov.pk.
- September 2025 update: A Tier 4 laptop loan at 0% markup was added.
- Applicants should apply early as approvals depend on allocated funds.
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