Prime Minister Youth Loan Program
The Prime Minister's Youth Loan Program is a government-backed initiative designed to empower young entrepreneurs in Pakistan by providing interest-free and low-interest loans. Here's a description you can use for your post:
Prime Minister Youth Loan Scheme 2025
The Prime Minister's Youth Business and Agriculture Loan Scheme (PMYBALS) offers financial support to young entrepreneurs, students, and small business owners in Pakistan. With a vision to promote entrepreneurship, job creation, and economic growth, this scheme provides loans up to Rs. 7.5 million with flexible repayment terms.
Key Features:
Interest-Free Loans: Up to Rs. 500,000 with 0% markup for small businesses and startups
Low-Interest Loans: Rs. 500,001 to Rs. 1.5 million at 5% markup, and Rs. 1.5 million to Rs. 7.5 million at 7% markup
Flexible Repayment: Up to 8 years with a 6-month grace period
No Collateral Required*: For Tier 1 loans
Eligibility Criteria:
Age Limit: 21-45 years (18 years for IT and e-commerce businesses)
Nationality: Pakistani citizen with a valid CNIC
Business Plan: Required for loans above Rs. 5 million
How to Apply:
1. Visit the official website: pmybals.pmyp.gov.pk
2. Create an account and fill out the application form
3. Upload required documents, including CNIC, business plan, and educational certificates
4. Submit your application and track its status online
Participating Banks:
- National Bank of Pakistan (NBP)
- Bank of Punjab (BOP)
- Habib Bank Limited (HBL)
- Allied Bank Limited (ABL)
- Bank of Khyber (BOK)
- Askari Bank
This scheme aims to promote entrepreneurship, reduce unemployment, and support economic growth in Pakistan. Encourage young entrepreneurs to apply and take advantage of this opportunity.
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