prime minister youth Loanprime minister youth Loan

To promote entrepreneurship and economic growth, the government of Pakistan has rolled out The Prime Minister Youth Loan for Business and Agriculture. The Prime Minister’s Youth Business Loan Scheme helps young people start businesses. It gives them money loans with easy terms. Here’s a simple guide to understand it better.

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Eligibility for Prime Minister Youth Loan

  • Pakistan residents aged between 21-45 years.
  • For IT/E-Commerce the minimum age is 18 years.
  • Individuals with entrepreneurial potential are encouraged to apply.

Bridging the Gap: Access to finance for youth.

One of the biggest challenges many young entrepreneurs face is finance. Traditional lending practices often poses challenges for startups, with strict requirements and high interest rates making it impossible for them to even begin. Recognizing this gap, the PMYBL&ALS offers a lifeline to fresh entrepreneurs, providing business loans on easy and favorable terms with the help of 15 Islamic, Commercial, and SME banks.

prime minister youth loan
Prime Minister Youth loan

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Prime Minister Youth Loan Scheme Loan Tiers

The scheme is open to all Pakistanis aged between 21 to 45, with a lower age limit of 18 for IT/E-Commerce-related ventures. Loans under this scheme are subdivided into below 3 tiers.

  • Tier 1: Loans up to 0.5 million PKR with 0% markup.
  • Tier 2: Loans ranging from above 0.5 million to 1.5 million PKR with a 5% markup.
  • Tier 3: Loans ranging from above 1.5 million to 7.5 million PKR with a 7% markup.

Where to Apply?

Click the button below it will take you to the application portal at:

Frequently Asked Questions about the Prime Minister Youth Loan Scheme

Can loans be applied physically in branches?

No, You cannot apply for this loan physically in any of bank branches or anywhere for the matter. All Applications have to be submitted online at:

Can non-resident Pakistanis apply?

No, this initiative is only for Pakistanis living in Pakistan.

Can government employees apply?

Government employees are not eligible for this loan.

What is the minimum education required?

You don’t need a specific education to apply for the Prime Minister’s Youth Business Loan Scheme. But having a good education might help when the banks review your application.

If your business needs special qualifications, like certificates or licenses, you must have them. These qualifications are important for some businesses, and having them makes your application stronger.


In conclusion, the Prime Minister’s Youth Business Loan Scheme is a vital opportunity for young entrepreneurs in Pakistan. With accessible financing options and an online application process, it provides youth with a pathway to realize their business dreams.

While educational qualifications are not mandatory, they can enhance the chances of success, especially for ventures requiring specific certifications or licenses.

By Mohsin

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