Apply Shahbaz Sharif Loan Scheme 2023 for Youth online

Government of PakistanApply Shahbaz Sharif Loan Scheme 2023 for Youth online

ISLAMABAD, Pakistan: Prime Minister Shahbaz Sharif on Tuesday launched Youth Business and Agricultural Loan Scheme in Islamabad, aimed at promoting self-employment and entrepreneurship amongst the youth.

All Pakistani residents, aged between 21 and 45 years are eligible for the Loan Scheme, where there is a relaxation of the age limit is 18 years for IT/Commerce related loan plans.


Islamic banking facilities are also available as, according to the prime minister, we respect everyone’s point of view and ideologies, the only purpose is to make Pakistan Prosperous and give equal opportunities to youth for growth and progress.

Salient features of Youth Business and Agricultural Loan Scheme:

  • Loans of up to Rs 5 million can be availed on personal guarantee of the borrower
  • There will be no interest rate on the loan of up to Rs 5 million
  • 5% interest will be charged on the loan of over 0.5 million to Rs 5 million
  • 7% interest rate will be charged on the loan of over Rs 5 million to Rs 7.5 million
  • 25% quota has been reserved for women
  • Islamic banking facilities can also be availed on the Loan Scheme

The addition of agricultural loans will help the rural youth in bringing innovation to farming which can include mechanized farming, the creation of agricultural value chains and the Solarization of farming equipment to create more sustainable energy resource management in a climate-challenged country like Pakistan.

Here is how you can apply for Shahbaz Sharif Loan Scheme 2023 online:

  • Aspirants need to visit the Prime Minister’s Office Website (https://www.pmo.gov.pk/) and Click on the Prime Minister’s Youth Programme.
  • Click to Apply for Loan under the title the “Prime Minister’s Youth Business and Agricultural Loan Scheme”
  • Fill the Form mentioning the CNIC Number, CNIC Issue Date, and Select the Tier before clicking the Enter button.

Loan is divided into three tiers that are Loan Tiers;

    • T1 – up to Rs 0.5 million with no markup (interest-free)
    • T2 – above Rs 0.5 million up to Rs 1.5 million with a 5% markup
    • T3 – above Rs 1.5 million up to Rs 7.5 million with a 7% markup
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

SECP registered 2,409 new companies in January 2023

ISLAMABAD, Pakistan: The Securities and Exchange Commission of Pakistan (SECP) registered 2,409 new companies in February 2023.The total number of registered companies now...

Speaker NA highlights connectivity as critical factor in achieving regional prosperity

ISLAMABAD, Pakistan: The Speaker National Assembly Raja Pervez Ashraf has said that regional connectivity is key to drive economic growth and invited Turkmenistan to...

Pakistan dispatches emergency relief assistance to earthquake-hit Syria

ISLAMABAD, Pakistan: The Federal Minister for Education Rana Tanveer Hussain, the Chairman NDMA Lt General Inam Haider and the Ambassador of Syria Dr.Ramez AlRaee...
best bike stores in Dubai

Top 8 Best Bicycle Shops in Dubai 2023

Technology is serving humanity in several ways but destroying it simultaneously—the hazardous emotion from machines and automobiles is harming the environment as well as...

President asks ECP to immediately announce date of elections in Punjab & KPK

ISLAMABAD, Pakistan: President Dr. Arif Alvi, in a letter to the Chief Election Commissioner (CEC), has asked the Election Commission of Pakistan (ECP) to...