The Prime Minister’s Youth Business & Agriculture Loan Scheme (PMYB&ALS) is a government program to support young people in starting or growing their businesses. This scheme gives loans to eligible citizens of Pakistan to help them in business or agriculture. The goal is to create jobs and support youth entrepreneurs. People who want to apply can visit the official website https://pmyp.gov.pk/. The scheme has clear rules about who can apply, how much loan they can get, and what types of businesses qualify. This article explains the main features and details of this important loan program.
| Key Feature | Details |
| Age Limit | 21-45 years (18+ for IT/E-Commerce) |
| Loan Amount | Rs 0.5 million to Rs 7.5 million |
| Loan Type | Term loans, working capital, leasing, murabaha |
| Application | Online at PMYP Portal |
Eligibility Criteria for Prime Minister’s Youth Business & Agriculture Loan Scheme
To apply for the loan, you must be a citizen of Pakistan with a valid CNIC. The age limit to apply for the loan is between 21 and 45 years. For IT and E-commerce businesses, the lower age limit is 18, and the applicant should have at least a matriculation education. The scheme supports new startups as well as existing small and medium enterprises owned by youth in the required age group. For agriculture loans, farmers are eligible based on the State Bank’s rules for agriculture financing. This ensures that many types of youth entrepreneurs can benefit.
See also: PM Youth Loan Scheme 2025 Apply Online
Loan Sizes and Types in PM Youth Business & Agriculture Loan Scheme 2025
- Tier 2 Loans:
Loans above Rs 0.5 million and up to Rs 1.5 million. - Tier 3 Loans:
Loan above Rs 1.5 million and up to 7.5 million rupees. - Loan Types:
Term loans or working capital loans are available. - Financing Options:
Includes machinery purchase, leasing, and vehicles for commercial use. - Vehicle Loan Limit:
One vehicle per borrower, except food franchise or distribution businesses can get more. - Civil Work Financing:
Up to 65% of the loan amount can be used for civil work, especially in agriculture projects.
Loan Terms, Debt Ratio, and Interest Rates
The loan term can be up to 8 years for long term loans with a grace period of one year. For working capital and production loans, the term is up to 5 years. During the first two years, only the markup (interest) is payable, and in the next three years, both principal and markup are paid. For new businesses, the debt-to-equity ratio is 90:10 for Tier 2 loans and 80:20 for Tier 3 loans. Existing businesses do not have to provide equity. The interest rate is 5% for Tier 2 loans and 7% for Tier 3 loans. These terms are designed to make loans affordable and accessible.
See also: PM Youth Loan Scheme 2025 Apply Online
Security and Number of Loans Allowed
Security for Tier 2 loans is only a personal guarantee from the borrower, so no collateral is required. For Tier 3 loans, banks have their own policies for security. The financed vehicle also acts as collateral. Each borrower can get a maximum of two loans under this scheme. In agriculture, one production loan and one development loan are allowed. The total loan amount cannot exceed Rs 7.5 million per borrower. This flexibility helps many young entrepreneurs access funds without heavy security demands.
- Online Applications Only: Applications are accepted only through the PM Youth Program portal.
- Portal Management: The portal is managed by the National Information Technology Board.
- Language Options: The application form is available in both English and Urdu to help all applicants.
- Fees: Processing fee is Rs 100, and other charges apply as per actual costs.
How to Apply and Get Help
Applying for the loan is simple and can be done online at https://pmyp.gov.pk/. After applying, applicants can track their loan status on the same portal. If you need help, you can call the helpline UAN 111-267-200. Always use official channels to avoid scams. The scheme covers all regions of Pakistan and all types of business sectors, including agriculture, livestock, fishery, dairy, and many more. This wide coverage helps youth from cities and rural areas to benefit equally.
Conclusion
In this article, we are sharing all the details about the Prime Minister’s Youth Business & Agriculture Loan Scheme. This scheme is a good opportunity for young people to start or grow their businesses and farms. With easy eligibility, flexible loan sizes, and low interest rates, many youth can benefit. Applying online and using the official portal makes the process safe and fast. Always keep your information correct and contact the helpline if needed. This scheme is helping youth across Pakistan to become successful entrepreneurs.
FAQs
Who can apply for the PM Youth Business & Agriculture Loan Scheme?
All Pakistani citizens aged 21 to 45, and 18+ for IT/E-commerce, with valid CNIC and entrepreneurial potential can apply.
What is the maximum loan amount available?
Loans up to Rs 7.5 million are available depending on the business size and tier.
Can I apply if I already have a business?
Yes, existing small and medium enterprises owned by youth are eligible for loans under this scheme.
Where can I apply for the loan?
Applications are accepted only online at official portal https://pmyp.gov.pk/.