Prime Minister Youth Loan Scheme Registration Online Apply

By | January 23, 2023

Prime Minister Youth Loan Scheme Registration Online Apply. Prime Minister Imran Khan launched the successful Jawan National Youth Development Program and provided a business loan facility for the youth of Pakistan.

Prime Minister Success Answer Interest-Free Loan Scheme for your business has been launched today Government of Pakistan is starting to receive application forms for this purpose. Prime Minister Imran Khan launched the successful Jawan National Youth Development Program and provided a business loan facility for the youth of Pakistan.

Prime Minister Youth Loan Scheme Registration Online Apply

Prime Minister Youth Loan Scheme Registration

Prime Minister Success Answer Interest-Free Loan Scheme for your business has been started today Government of Pakistan is starting to receive the application form for this purpose.

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These loans will be given on working capital and term loans for a period of 8 years. The loan quota for women is reserved at 20 %. Loans from 1 lakh to 5 lacks will be given on personal guarantee. More than 5 lakh loan banks are responsible for checking complete business information and looking into their concerns.

Eligibility Prime Minister Youth Loan Scheme

  • All Males/Females/Transgender holding CNIC, aged between 21 to 45 years for Individual/ Sole Proprietor or any Stakeholder (However 18 for IT Professionals/ E-Commerce) with entrepreneurial capacity.
  • Small and medium enterprises (start-ups and existing businesses) as per State Bank definition and youth ownership as per above mentioned age brackets are also eligible.
  • For IT/E-Commerce related businesses, a minimum of Matriculation or equivalent education will be required.

Loan Structure pmyp Prime Minister Youth Loan Scheme

Long Term Loan/Working Capital Loan including Murabahah and Leasing/Financing (for machinery/equipment and locally manufactured vehicles (one vehicle per borrower))

Tier Limit Caps (PKR) Pricing Debt/Equity Participation
Tier 1 (T1) From 0.100M to 1.000M 3.00% p.a. New Businesses: 90:10Existing Businesses: Nil
Tier 2 (T2) From 1.001M to 10.000M 4.00% p.a. New Businesses: 80: 20Existing Businesses: Nil
Tier 3 (T3) From 10.001M to 25.000M 5.00% p.a.

Loan Tenor

  • Up to 8 years with a maximum grace period of up to one year.

Requirements Security

Security arrangements will be as follows.

  • T1 Debt: clear; However, only the personal guarantee of the borrower
  • T2 and T3 Loans: As per the bank’s own credit policy
  • Vehicle financed under T1, T2 and T3 to act as collateral

Gender Equality

  • 25% of the loans will be given to women borrowers.

Geography/Sectors Target Market

  • All business segments/sectors are spread across Pakistan, including agriculture.

Application Step-by-Step Process 

Apply through PMKJ-YES online portal (www.kamyabjawan.gov.pk) with 30 days application processing TAT.

FAQ

How to apply for Prime Minister Kamyab Jawan’s program?

The applicant will apply directly through Prime Minister Kadyabjawan’s portal i.e. https://kamyabjawan.gov.pk/bankform/newapplicantform.

How can I check my eligibility for the PM loan scheme?

Financing under PMKJ-YES is available to all citizens of Pakistan holding CNIC, aged between 21 to 45 years and with entrepreneurial capacity. For IT/E-Commerce-related businesses, the minimum age limit will be 18 years. The above age limit condition applies to individuals and sole proprietors.

What is Prime Minister’s Youth Loan Scheme?

Prime Minister’s Youth Business Loans supports youth and their entrepreneurial mindset by providing easy access to business loans. These loans are provided by 21 commercial, Islamic and SME banks on easy terms and with low markups.

How to get loan without interest in Pakistan?

For additional information about Ehsaas interest-free loans, you can visit Pakistan Poverty Alleviation Fund (PPAF) website or call this number 051-111-000-102.

How much loan amount is eligible for my salary?

In most cases, individuals are eligible for a personal loan amount of up to 30 times their monthly income. Additionally, to reduce the risk of default, lenders keep the loan EMIs around 45-60% of your monthly income.

Prime Minister Youth Loan Scheme Registration Online Apply

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