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

Link to Apply for Pakistan Prime Minister’s Youth Business Loan 2022