How to Apply for Prime Minister’s Youth Business & Agriculture Loan Scheme

BlogsHow to Apply for Prime Minister’s Youth Business & Agriculture Loan Scheme

In Pakistan, more than 50% of the population consists of youth and in a bid to cater their need for self-employment, the incumbent federal government led by Pakistan Muslim League-Nawaz (PML-N) initiated a brilliant Loan Scheme in January 2023 (#BatNhiSrfKam).

The Prime Minister’s Youth Business & Agriculture Loan Scheme aims to provide the youth with the basic infrastructure to kick start their journey of business owners.


How to Apply for Prime Minister’s Youth Business & Agriculture Loan SchemeWho Can Apply for Youth Business & Agriculture Loan Scheme?

  • Resident Pakistanis
  • 21-45 years of age
  • Minimum age limit 18 years for loans for IT/E-Commerce related businesses
  • Non-government employees
  • Both males & females (25% quota reserved for women)
  • No minimum educational qualification

What Prime Minister’s Youth Business & Agriculture Loan Scheme Offers to Youth?

Under the Scheme, soft loans from Rs 500,000 to Rs 7.5 million are being given to the youth.

The youth can avail an interest free loan of up to Rs 500,000 which can be paid back in 3 years while the loans from Rs 0.5 million to Rs 1.5 million are being given at the interest rate of just 5% that can be returned in 7 years.

An interest rate of 7% will be charged on loans ranging from Rs 1.5 million to Rs 7.5 million and the amount can be returned in 8 years.

How to Apply for Prime Minister’s Youth Business & Agriculture Loan SchemeThe Loan Scheme has been segregated into 3 following tiers:

  • Tier 1

The range is Rs 0.5 million with 0% markup

  • Tier 2

The range is above Rs 0.5 million upto Rs 1.5 million with 5% markup

  • Tier 3

The range is above Rs 1.5 million upto Rs 7.5 million with 7% markup

How to Apply for the Loan Scheme?

  • The aspirants need to submit their applications online at the following link;

  • Fill the form by entering;
    • CNIC
    • CNIC Issue Date
    • Select the Tier Loan Option
  • Press the “Enter” Button

How to Check the Status of the Loan Application?

  • Click here to check the application status
  • Fill the form by entering;
    • Applicant’s CNIC
    • Mobile No
    • CNIC Issue Date
    • Date of Birth
  • Press the “Submit” Button
Mati-Ullah is the Online Editor For DND. He is the real man to handle the team around the Country and get news from them and provide to you instantly.

Must read

Recent News

Misinformation & polarization potential threat to derail CPEC: Ahsan Iqbal

ISLAMABAD, Pakistan: The Minister for Planning, Development, and Special Initiatives Ahsan Iqbal has highlighted the threat of misinformation and polarization, noting their potential to...

Kyrgyzstan assures full protection to Pakistani students, action against perpetrators of violence

BISHKEK, Kyrgyzstan: Pakistan’s Ambassador to the Kyrgyz Republic Hassan Zaigham met the Kyrgyz Deputy Foreign Minister Almaz Imangaziev in connection with the incidents of...

NCHR ranks amongst top Commissions in the world as Pakistan welcomes A-Status Accreditation by...

ISLAMABAD, Pakistan: The National Commission for Human Rights (NCHR) of Pakistan has been accredited as an A-status National Human Rights Institution (NHRI) by UN-linked...

Pakistan protests with Kyrgyzstan over plight of Pakistani students in Bishkek

ISLAMABAD, Pakistan: The Charge d'affaires of the Kyrgyz Embassy Melis Moldaliev was called to the Foreign Office in Islamabad on Saturday for a demarche...

Locals attack Pakistani Students in Bishkek; Ishaq Dar voices extreme concerns

The Deputy Prime Minister and Foreign Minister Senator Ishaq Dar has expressed extreme concerns over the reports of mob attacks on Pakistani students in...