Apply PM Youth Business and Agriculture Loan Scheme (PMYB & ALS) Online | 2024-25

Most of our youth have many business ideas but due to lack of resources they can not execute them. Now the PM Shahbaz Sharif has launched the scheme through which you can get the loan for your Business and agriculture. The PM Youth Business and Agriculture Loan Scheme can be applied from the following apply button.

PM Youth Business and Agriculture Loan Scheme

Most of our youth have many business ideas but due to lack of resources they can not execute them. Now the PM Shahbaz Sharif has launched the scheme through which you can get the loan for your Business and agriculture. The PM Youth Business and Agriculture Loan Scheme can be applied from the following apply button.

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Eligibility Criteria For PM Youth Business and Agriculture Loan Scheme

 This program is only for the Pakistani nationals. This scheme will have three phases, every phase having different eligibility criteria’s. Some common Eligibility criteria’s are as follow:

CriteriaDetails
Age21-45 years (18 years for IT/e-commerce-related businesses)
EducationAt least matriculation for IT businesses
GenderOpen to all genders, with special encouragement for women entrepreneurs
NationalityMust be a Pakistani citizen with a valid CNIC
Business ScopeStartups, SMEs, agricultural enterprises, renewable energy projects, IT, and e-commerce

Loan Tiers and Key Details – PM Youth Business and Agriculture Loan Scheme

The loan will be given in the 3 tires. These tires have different markup rates, Different security and guarantee levels. Following table will clear all of your confusions regarding these details. Read this table carefully.

TierLoan Range (PKR)Markup RateSecurity/GuaranteeUsage
T1Up to 0.5 millionN/APersonal guarantee (unsecured)Startups, working capital, etc.
T2Above 0.5M to 1.5M5%Personal guaranteeSmall business and agriculture
T3Above 1.5M to 7.5M7%Collateral-basedBusiness expansion and machinery

Special Focus – PM Youth Business and Agriculture Loan Scheme

Farmers

This scheme especially focuses on the both crop and non crop agriculture sector. The agriculture crop sector includes every type of crop like seasonal crops, vegetables and fruits. The cereal crops are included in this sector.

The non crop agriculture sector includes the farming of animals for the meat purpose or for the milking.

Women

The government is also encouraging women to apply for this scheme. Women will be given little priority in this scheme.

Application Procedure – PM Youth Business and Agriculture Loan Scheme

Interested individuals can apply online via the official PMYP website (pmyp.gov.pk) or visit participating banks like the Bank of Punjab (BOP). This program is a significant step toward economic growth, promoting financial inclusion and creating job opportunities in Pakistan. For more details, visit Bank of Punjab’s PMYB & ALS page​.

Following documents are required for the application process.

DocumentDetails
Valid CNICRequired for identification
Business PlanClear plan outlining the purpose and expected outcomes
Proof of IncomeBank statements, salary slips, or any other valid proof
Collateral Documents (for T3 loans)Mortgage deeds or details of pledged assets

Impact of PMYB & ALS

The PM Youth Business and Agriculture Loan Scheme is a great initiative that aims to resolve several critical economic challenges in Pakistan. Below are some of the notable impacts:

Boost to Entrepreneurship

By providing accessible financing, this program gives youth the new thinking into entrepreneurship, reducing reliance on traditional jobs and fostering innovation.

Agricultural Development

The inclusion of agricultural loans ensures that rural economies benefit equally. Farmers can access financing for machinery, seeds, and other essentials, boosting productivity and ensuring food security​.

Women Empowerment

Women entrepreneurs are encouraged to participate, with specific provisions for female applicants, supporting gender inclusion in business and agriculture.

Conclusion

The PM Youth Business and Agriculture Loan Scheme is a very good initiative with the potential to make Pakistan’s economic landscape good.it will target the young entrepreneurs, small businesses, and the agriculture sector, it will give the good pillars the foundation for sustainable economic growth. However, continuous improvements in accessibility and operational efficiency are essential to maximize its impact.

FAQs – Frequently Asked Questions

Any Pakistani citizen aged between 21 to 45 years with a valid CNIC can apply. For IT and e-commerce-related businesses, the age limit is reduced to 18 years, and the applicant must have at least a matriculation certificate.

The program offers loans under three tiers. Tier 1 (T1) loans up to PKR 0.5 million. Tier 2 (T2) loans above PKR 0.5 million and up to PKR 1.5 million. Tier 3 (T3) loans above PKR 1.5 million and up to PKR 7.5 million. These loans can be used for business startups, expansion, and agricultural development​.

Loans can be used for startups and existing businesses in any sector. Agricultural ventures, including crop farming, livestock, poultry, fishery, and dairy. E-commerce and IT-related businesses.

Applicants can apply online via the official PMYP portal (pmyp.gov.pk) or visit participating banks like the Bank of Punjab (BOP), National Bank of Pakistan (NBP), or others. Supporting documents such as a business plan, CNIC, and income proof are required​.