How to avail Prime Minister Youth Business Loan?

A revolutionary step taken by the Government, the Prime Minister Youth Business Loan is promoting the socio-economic conditions of the Pakistani Youth by combating the unemployment in the country. This facility can be availed by both male and female citizens of Pakistan. 50% of loan quota has been reserved for female citizens.

Loan is being distributed with pure transparency and honesty, witnessed it personally and encourage youth to avail if they are willing to start off their own business. If anyone willing to buy a vehicle individual will not require any mortgage since the vehicle itself will be on Hire Purchase Agreement.

Prime Minister Youth Business Loan is an interest free loan to facilitate educated and capable youth of Pakistan to utilize their entrepreneurial skills and at the same time supports the unemployed youth to stand on their own feet to generate income.

UPDATE: Prime Minister’s Kamyab Jawan Program Download Form

Youth all over Pakistan can avail this golden opportunity from their own cities. The procedure is kept very simple and very few documents are needed to be attached with the form. The eligibility criteria are also not very complicated. Loan can be availed for both new and existing businesses. Above all there is no minimum requirement for the qualification.

Application processing fee is only Rs.100/-

Eligibility Criteria

CNIC Holder

Age 21 to 45 years

Entrepreneurial Potential

Security Requirement

One guarantor

Two referrals

Loan Size

Up to 2 million

Tenure

8 Years

1 Year grace period

Documents Required

Loan Application Form – Completely Filled and Signed

1 Recent Passport Size Photograph of Applicant

Photocopy of Applicants CNIC

Photocopy of Guarantor’s CNIC

Basic Borrower Fact Sheet (Portion already available in the Loan Application Form)

Guarantor’s Information (Portion already available in the Loan Application Form)

Applicant’s Own Prepared Business Feasibility or Approved SMEDA Business Feasibility

Executing Banks

National Bank of Pakistan

First Women Bank

Habib Bank Ltd

Habib Metropolitan Bank

Bank Al- Habib

Sindh Bank

Summit Bank

Al Baraka Bank

Dubai Islamic Bank

Allied Bank Ltd

MCB Bank Ltd

JS Bank

United Bank Ltd

Askari Bank

Soneri Bank

Meezan Bank

 

To Down Load the Application Form for the Prime Minister Youth Business Loan , click the link below.

Download Form 

PDF Format.

If you need any assistance regarding loan or business plan write in comments or email at incpak@gmail.com .