اردو

Prime Minister Youth Business & Agriculture Loan Scheme
In order to provide opportunities for access to finance to the young entrepreneurs and Agri sector of the country, the Government of Pakistan has introduced a low cost financing scheme under the banner of Prime Minister’s Youth Business & Agriculture Loan Scheme (PMYB & ALS). The scheme offers soft loans to meet long-term and short-term financing needs.

Purpose of Finance

Finance Loan Limit

Finance of loan is segregated into following tiers:

  • Tier 2 (T2): Above Rs.0.5 million and up to Rs.1.5 million.
  • Tier 3 (T3): Above Rs.1.5 million and up to Rs.7.5 million.

Financing Type:

  • Term loans/working capital loans/financing of machinery.
  • Up to 65% of the total financing limit can be availed for civil works.
  • For agriculture, production and development loans are eligible..

PRICING

  • T2: 5% p.a.
  • T3: 7% p.a

Security:

  • T2: Clean (secured only by the personal guarantee of the borrower).
  • T3: As per bank policy

Debt- Equity Ratio:

For New Businesses:

  • T2: 90-10
  • T3: 80-20
The borrower’s contribution of equity would be in the form of cash or immovable property and will be required after approval of the loan.
For Existing Businesses: NIL for all tiers

TENOR

  • T2 & T3: Up to 8 years for long-term/ development loans, with a maximum grace period of up to one year.

Fees & Charges:

  • Processing Fees Rs.100
  • Other Charges. At Actual.

Geographical Distribution:

  • Whole of Pakistan

Sectors and Products:
All sectors and products. Moreover, in the case of agriculture, all crop and non-crop sectors (including crop production, livestock, poultry, fishery, dairy, etc.) are also eligible.

DOCUMENTATION

HOW TO APPLY
Online Application Form on the PM YOUTH Portal:
  • For effective monitoring, an online application form is prescribed through the PM Youth Programme (PMYP) Portal. The form would be both in English and Urdu, as provided on the portal.
Your monthly
installments will be just
PKR
1
Pricing (%)