Prime Minister Youth Business & Agriculture Loan Scheme 2025 – Easy Loan Without Any Guarantee
The Prime Minister Youth Business & Agriculture Loan Scheme (PMYB&ALS) is a special program introduced by the Government of Pakistan to support young people and farmers by providing them easy and low-interest loans to start or expand their businesses and agricultural work.
Loan Categories and Markup Rates
The scheme is divided into three categories:
- Tier 1 (T1):
- Loan Amount: Up to PKR 500,000
- Markup: 0% (Interest-Free)
- Duration: Up to 3 years
- Tier 2 (T2):
- Loan Amount: PKR 500,001 to PKR 1.5 million
- Markup: 5%
- Duration: Up to 8 years (including 1-year grace period)
- Tier 3 (T3):
- Loan Amount: PKR 1.5 million to PKR 7.5 million
- Markup: 7%
- Duration: Up to 8 years (including 1-year grace period)
Purpose of the Loans
These loans can be used for:
- Setting up a new business or growing an existing one
- Buying stock and equipment
- Purchasing one locally made commercial vehicle
- Getting loans for agriculture production or development
Equity/Contribution by Borrower
- For new businesses in Tier 2: 10% of the total cost must be contributed by the borrower
- For Tier 3: 20% contribution
- No equity is required for existing businesses
Collateral Requirements
- Tier 1: No security needed
- Tier 2: Just a personal guarantee
- Tier 3: Collateral required as per the bank’s rules (vehicles financed will act as security)
Who Can Apply?
- Age Limit:
- For general business: 21 to 45 years
- For IT and e-commerce businesses: 18 to 45 years
- Nationality: Must be a Pakistani citizen with a valid CNIC
- Education:
- For IT and e-commerce businesses: Minimum matriculation
- Business Type:
- Any individual or group (partnerships or companies) where at least one person is in the eligible age range
- Sectors Covered: All types of businesses including agriculture, manufacturing, services, and e-commerce
How to Apply
- Go to the official website: https://pmybals.pmyp.gov.pk/
- Fill out the application form
- Attach required documents like CNIC, business plan, etc.
- Pay a one-time processing fee of PKR 100 for CNIC verification through NADRA
Partner Banks
These loans are provided through selected banks, including:
- National Bank of Pakistan (NBP)
- Bank of Punjab (BOP)
- Habib Bank Limited (HBL)
- Meezan Bank
- Bank Alfalah
- Allied Bank Limited
- Sindh Bank
- Bank Al Habib
- Zarai Taraqiati Bank Limited (ZTBL)
Special Focus on Women
- 25% of the total loan share is reserved for women to encourage female entrepreneurship
Double Loan Option
- Applicants can take both short-term and long-term loans at the same time, as long as the total doesn’t go over PKR 7.5 million
Support for Farmers
- The scheme supports both agricultural production and development through specially designed loan options
Contact Information
- Website: https://pmybals.pmyp.gov.pk/
- Helpline: 0800-77000
- Email: [email protected]
Final Thoughts
This loan scheme is a golden opportunity for young individuals and farmers to grow their businesses and improve their livelihood. It helps in reducing unemployment and promoting financial independence across Pakistan.
