Prime Minister’s Youth Business & Agriculture Loan Scheme 2024

The Prime Minister’s Youth Business & Agriculture Loan Scheme is a program introduced by the Prime Minister’s of Pakistan that offers subsidized loans to address both long-term and short-term financing needs. The scheme aims to support the youth of Pakistan by providing interest-free loans for starting their own businesses. The online registration for the PM Youth Business Loan 2024 is now open nationwide, and all Pakistani citizens are eligible to apply.

There is no registration fee associated with this program. The scheme specifically targets unemployed individuals, providing them with interest-free loans on favorable terms to facilitate business continuity. The government of Pakistan will provide loan amounts ranging from 500,000 to 7.5 million rupees to qualified beneficiaries. While owning a National Tax Number (NTN) is not mandatory, having one can enhance the likelihood of success in obtaining the loan.

Prime Minister’s Youth Business Loan 2024 Apply Online

Would you like to seize the opportunity available to entrepreneurs in Pakistan? Now, you have the chance to benefit from the PM Business Loan Scheme 2024, which comes with favorable terms. Prime Minister’s of Pakistan has initiated the Prime Minister’s Youth Business Loan scheme, featuring lower interest rates. Commercial, Islamic, and SME banks will extend PM Business loans to eligible individuals.

Prime Minister’s Youth Loan Eligibility Criteria

The Prime Minister’s Youth Loan Scheme 2024 requires candidates to satisfy a number of requirements. The following criteria have been laid out by the scheme:
Citizenship: To be eligible for the loan programme, applicants must be citizens of the nation.
Age Requirement: To be eligible for the loan, the applicant must be between the ages of 21 and 45.
Business Plan: The candidate must have a workable business plan that shows promise for success.
permitted Sectors: The applicant’s prospective business must fall into the scheme’s list of permitted sectors.
Loan Default: Applicants shouldn’t have a history of missing payments on federal loans.

 Banks List of  Prime Minister’s Youth Business Loan Program

  • Allied Bank Limited
  • Albaraka Bank Limited
  • Askari Bank Limited
  • Bank Al Falah
  • Bank Al Habib
  • Bank Islamic Pakistan Limited
  • Bank of Khyber
  • Bank of Punjab
  • Dubai Islamic Bank Limited
  • Faysal Bank Limited
  • First Woman Bank Limited
  • 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

PMYP Gov PK Loan

Individuals who opt for balloon payments have the flexibility to modify their loan repayment strategy. They can decide to reduce the duration of the loan, thereby shortening the repayment period. Another option is to select smaller installment amounts, making it easier to manage their financial obligations. Additionally, borrowers have the freedom to fully repay the loan at any time before its maturity date. Undoubtedly, the introduction of the Prime Minister’s Loan for youth reflects the government’s commitment to fostering prosperity in Pakistan. This initiative aims to support the country’s economic growth by empowering individuals and promoting entrepreneurship.

PMYB&ALS! Application Form Download

Citizens involved in agricultural pursuits are eligible to access loans under the scheme. PM Shahbaz Sharif is determined to stimulate self-employment and entrepreneurship, particularly in the agricultural sector. The Kamyab Jawan Program was initially introduced during the Pakistan Tehreek-e-Insaf’s term.

However, the current government of Pakistan Muslim League N has undertaken a comprehensive revision and modernization of the entire program. This highlights the government’s dedication to enhancing and refining the scheme to better serve the needs of individuals associated with agriculture. By providing financial support and resources, the government aims to empower farmers, cultivators, and other agricultural workers, promoting economic growth, sustainability, and self-reliance within the agricultural community.

Prime Minister’s Youth Business Agriculture Loan

A minimum of 25% of the total loan amount, calculated per loan, is set aside for women in order to promote gender equality and solve the current situation. Equal monthly, quarterly, biannual, or yearly payments can be used to repay the loan. Depending on the business’s needs and the discretion of the relevant bank, the payback period will be decided. This strategy provides flexibility in loan repayment based on individual circumstances and company needs, ensuring that women have equal opportunities and access to financial resources.

Prime Ministers Youth Business Loan 2024 Loan Size

Under the PM youth business & agriculture loan scheme, eligible applicants have the opportunity to apply for a loan amount of up to 7.5 million rupees. If an applicant chooses to apply for a 5 lakh rupees loan, no interest will be charged. The loan application process is designed to be straightforward and hassle-free for all eligible citizens of Pakistan. The government has set a target to combat unemployment in the country, and this loan scheme is one of the initiatives aimed at achieving that goal. Once submitted, the loan application forms will be thoroughly reviewed by the respective bank to assess eligibility and suitability for the loan.

Loan Amount Interest Ratio
5 Lacks Interest-Free
5 to 15 lacks 5%
15 to 75 lacks 7%

Prime Minister’s Youth Loan Scheme Installment Program

Beneficiaries of the loan scheme have the flexibility to customize their loan installment frequency, allowing them to choose monthly, quarterly, or annual payments based on their financial preferences. The specific terms of the installments will be determined by the individual banks involved in the scheme.

During the loan amount finalization process, applicants have the opportunity to negotiate with the bank to reach mutually agreeable terms. The repayment period for the loans extends up to eight years, providing borrowers with ample time to repay their obligations. Additionally, there is a provision for a grace period of one year, allowing borrowers some initial breathing space before commencing their repayment schedule.

 Loan Size

The size of the Prime Minister’s youth loan scheme 2024 is segregated into 3 tiers, as under:

  • Tier 1 (T1): Up to Rs 0.5 million
  • Tier 2 (T2): Above Rs 0.5 million and up to Rs 1.5 million
  • Tier 3 (T3): Above Rs 1.5 million and up to Rs 7.5 million

Prime Minister  Loan Youth Business & Agriculture Programme 2024 Apply Here:-


In conclusion, the Prime Minister’s Youth Business & Agriculture Loan Scheme in Pakistan presents a significant opportunity for aspiring entrepreneurs and individuals associated with agriculture to obtain subsidized loans and pursue their business ventures. The scheme aims to promote self-employment, entrepreneurship, and gender equality by reserving a minimum percentage of loans for women.

With a variety of repayment options and a grace period available, the scheme offers flexibility to borrowers in managing their loan installments. Furthermore, applicants are encouraged to negotiate the loan conditions with the lending institution to ensure a mutually beneficial agreement. Overall, this initiative by the government of Pakistan demonstrates a commitment to fostering economic growth, reducing unemployment, and empowering the country’s youth.


  • Who is eligible to apply for the Prime Minister’s Youth Business & Agriculture Loan Scheme?

Citizens of Pakistan who are associated with agriculture or wish to start their own businesses can apply for the loan scheme. The age limit varies depending on the nature of the business, with the minimum age requirement being 18 years for IT and E-commerce-related businesses.

  • How much loan amount can an applicant apply for?

Under the scheme, applicants can apply for a loan amount ranging from 500,000 to 7.5 million rupees, depending on their business requirements and eligibility criteria.

  • Are there any interest charges on the loan?

For applicants applying for a loan amount of 500,000 rupees, no interest will be charged. However, for higher loan amounts, there may be nominal interest charges.

  • Is there a grace period available?

Yes, the scheme allows for a grace period of one year, providing borrowers with some initial breathing space before they commence their repayment schedule.





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