Link to Apply for Pakistan Prime Minister’s Youth Business Loan 2022
Link to Apply for Pakistan Prime Minister’s Youth Business Loan 2022: Pakistan Prime Minister’s Youth Business Loan (PMYBL) is aimed at promoting entrepreneurship among youth by providing business loans on simple terms and with less markup through 21 Commercial, Islamic, and SME banks.
Loans provided under PMYBL are segregated into 3 tiers.
Tier 1-The range is 100,000 up to 1 million PKR with a 3% markup. No Security is required for the loan in this tier.
Tier 2-The range is above 1 Million up to 10 Million PKR with a 4% markup.
Tier 3-The range is above 10 Million up to 25 Million PKR with a 5% markup.
Requirements Pakistan Prime Minister’s Youth Business Loan
All Pakistani residents, aged between 21 and 45 years with entrepreneurial potential are eligible to apply for the loan.
For IT/ E-Commerce related businesses, the lower age limit is 18 years. Applications have to be submitted online only through our website.
All men/women holding CNIC, aged between 21 and 45 years with entrepreneurial potential are eligible.
Small and medium enterprises (startups and existing businesses) as per the definition of SBP and owned by youth as per the above-mentioned age brackets are also eligible.
For IT/E-Commerce-related businesses, at least matriculation or equivalent education will be required.
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Link to Apply for Pakistan Prime Minister’s Youth Business Loan
Fill out the application form here
The following banks are participating in this scheme:
Habib Bank Limited
Habib Metropolitan Bank Limited
JS Bank Limited
MCB Bank Limited
Meezan Bank Limited
MCB Islamic Bank Limited
National Bank of Pakistan
Sindh Bank Limited
Soneri Bank Limited
United Bank Limited
Allied Bank Limited
Albaraka Bank Limited
Askari Bank Limited
Bank Al Falah
Bank Al Habib
BankIslami Pakistan Limited
Bank of Khyber
Bank of Punjab
Dubai Islamic Bank Limited
Faysal Bank Limited
First Woman Bank Limited