PM Youth Loan: Affordable Business & Agri Financing for Young Entrepreneurs in Pakistan

What Is the PM Youth Loan Scheme?

The Prime Minister’s Youth Business & Agriculture Loan Scheme (PMYB&ALS)—also known as the PM Youth Loan Scheme or Kamyab Jawan Program—is a government-backed initiative offering youth-friendly financing for entrepreneurial and agricultural ventures in Pakistan Wikipediapmyp.gov.pk.

Scheme Tiers & Interest Rates

Loans are provided in three tiers:

• Tier 1: Up to PKR 0.5 million at 0% markup
• Tier 2: PKR >0.5M to 1.5M at 5% p.a. markup
• Tier 3: PKR >1.5M to 7.5M at 7% p.a. markup pmyp.gov.pkBank AlfalahEhsaas Program BISP 8171Pak Government Schemes

Loan Tenure & Grace Period

• Long-term/development loans: Up to 8 years, with a 1-year grace period
• Working capital loans: Up to 5 years, with optional grace period where only markup is payable for the first two years Bank Alfalah

Who Is Eligible to Apply?

• Pakistani citizens aged 21–45 (or 18+ for IT/e-commerce ventures with matriculation)
• Sole proprietors, partners, or directors can apply, even if only one qualifies
• Includes small/startup businesses and agricultural projects Bank AlfalahEhsaas Program BISP 8171
• Government employees and non-resident Pakistanis are not eligible pmyp.gov.pkEhsaas Program BISP 8171

Security & Guarantee Requirements

• Tier 2: Requires a clean credit record and personal guarantee
• Tier 3: Security requirements per individual bank’s policy
• Women borrowers receive preferential consideration (25% quota) Bank Alfalah

Loan Benefits at a Glance

• Low or zero interest (0%–7%)
• Long repayment tenures up to 8 years
• Includes grace periods to ease startup pressure
• Focus on youth, women entrepreneurs, and underserved areas
• Supported and distributed via reputable banks and MFIs WikipediaPersonal Loan

How to Apply

1. Apply online via the official PMYP portal
2. Fill in personal, business, and financial details; upload documents (CNIC, business plan, educational proof, utility bills, etc.) Azag PunjabPersonal Loan
3. Choose your preferred bank (Islamic or conventional)—options include Allied Bank, HBL, NBP, Meezan, Bank of Punjab, and more Pak Government SchemesEhsaas Program BISP 8171
4. Submit the application and track your status with the tracking number sent via SMS or online dashboard Azag PunjabEhsaas Program BISP 8171
   Processing can take up to 45 days Bank AlfalahPak Government Schemes

Applicant Insights

Applicants on Reddit report NDRA verification delays; one user mentioned:

“I applied, but it’s still not processing due to NADRA verification after 2 weeks.” Reddit

Conclusion

The PM Youth Loan Scheme offers a powerful opportunity for Pakistani youth to access affordable capital, pursue entrepreneurship, and stimulate job creation. Whether you’re starting your first venture or scaling existing operations, this program delivers flexible terms and support. Be sure to prepare a strong business plan, apply online, and track your application actively for best results