PM Youth Business Loan

PM Youth Business Loan

PM Youth Business Loan: Easy terms and a 45-day loan period are offered. Citizens of Pakistan may apply for this loan. Within 45 days, the loan amount should be approved be deposited into the specified bank account. To apply for a loan within 45 days, you need to have a national identity card. You have to be between the ages of 21 and 45. You won’t be eligible for the loan if you don’t fit these requirements.

To facilitate large-scale commercial transactions and boost the nation’s economy. PMYB&ALS 2023 offers loans to both small and large firms at low markup rates and convenient installment plans.

PM Youth Business Loan

PM Youth Business Loan

Regarding the government of Pakistan, Prime Minister Shahbaz Under the Prime Minister’s Youth Business and Agriculture Loan Scheme (PMYB&ALS), Sharif has introduced a new initiative.  which allows the Pakistani government to provide the loan amount in 45 days. 

All Pakistani residents between the ages of 21 and 45 are eligible to apply for a maximum 75 lakhs loan under this PM loan program from their country to finance business ventures.

Prime Minister Youth Business Loan Apply Online

The prime minister of Pakistan launched the loan scheme to lend money to young people; the ultimate goal is to strengthen Pakistan’s economy and enable it to stand on its own two feet.  The youthful generation will have a bright future and Pakistan’s economy will grow if youth are given loans for small and large businesses. 


One crucial move that would help Pakistan get international recognition is the government’s loan support for the establishment of an IT company. Agriculture will use more new technology if loans are made available for it. 

Since agriculture is Pakistan’s main industry, lending money to farmers will boost agricultural output as well. The objective is to offer loans in 45 days or less so that This financing program will be beneficial to a large number of people.

Loan Tiers and Markup Rate of PM Youth Loan Business Scheme

  • Tier-1st (T1):  loan limit is up to Rs 0.5 million (5 Lac) with a 0% markup rate.
  • Tier-2nd (T2): Above Rs 0.5 million(5 Lac) and up to Rs 1.5 million (15 Lac) with a 5% Markup rate.
  • Tier-3rd (T3): Above Rs 1.5 (15 Lac) million and up to Rs 7.5 million (75 Lac) with a 7% Markup rate.

Loan Tenor 2024:

  • The maximum loan tenure for a T1 loan is 3 years.
  • For T2 & T3 loan tenors, they are up to 8 years for the long term.

Eligibility Criteria for PM Youth Business Loan Scheme 2024

To apply for a loan through the PM Youth Business Loan Program


  • A National Identity Card is required. 
  • Only individuals who wish to conduct business and are between the ages of 21 and 45 are eligible to apply for this loan.
  • For businesses involved in IT or e-commerce, the minimum age is eighteen.
  •  Farmers will be categorized per SBP’s “Indicative Credit Limits and Eligible Items for Agriculture Financing 2020” to receive credit for their agribusiness.
  • If multiple individuals are involved in a company venture, the age restriction will only apply to the first partner whose name the loan is taken out.

Required Documents For 45-Day PM Loan 2024

The funds must be received within 45 days.

  •  Possession of a National Identity Card is required.
  •  A bank account is a requirement. Following the confirmation of your application, funds under the Prime Minister Youth Loan Scheme will be disbursed in 45 days.
  • An additional need for those conducting IT business is a matriculation certificate.
  • Documentation demonstrating the nature of the business. Such as monthly income and expenses and tubewell bills, are required to launch an agriculture business.

Individuals ineligible for the Youth Loan Scheme

The following individuals cannot get anything from the Prime Minister within 45 days.

  • those with several identity cards or those with phony identity cards.
  • Additionally, Pakistanis who reside overseas are ineligible to apply for loans.
  • Under the plan, taking out a loan is strictly prohibited for government employees.
  • You need a matriculation certificate to be eligible for a loan for IT company ventures; without one, you will not be granted one.

You won’t be able to acquire the loan within 45 days if any of the aforementioned conditions are met.


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