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.
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 .
can you tell me : Guarantor’s scale .
and Equity Contribution of 10% of the Financing Amount is this Must ?