Prime Minister’s Youth Loan Scheme 2023 Business & Agriculture

The Prime Minister of Pakistan, Mian Shahbaz Sharif has announced the Prime Minister’s Youth Loan Scheme 2023 for Business & Agriculture purposes. You can start your own business with the financial funding of Government of Pakistan. You can become an entrepreneur after avail the opportunity of business loan. You can apply online for  PMYBL (PM Youth Business Loan) scheme for the businesses and Agriculture field. The terms and conditions for business loan are simple and maximum 7% markup with the loan amount 75 Lac.

All the individuals who are interesting to apply only for PM Business Loan then your age must be between 21 to 45 years. If you are interested to start your own business in IT field then you can apply minimum at the age of 18 years, You can get the loan amount from 15 commercial, SME and Islamic banks of Pakistan.  The PM Shahbaz Sharif has relaunched the Youth Business Loan for the young people of Pakistan who want to cultivate and advance their business endeavors.

All the Male, Females and Transgender’s are eligible to apply for Prime Minister’s Youth Business Loan. The minimum amount of the loan is 5 Lac and you can apply for the maximum loan is 75 Lac. The female applicant have 25% quota. The PM Loan for Business is providing in the three basic tiers.


Prime Minister Youth Business Loan 2023 Tiers Scheme

Tier-1 The range is 100,000 upto 1 million PKR with 3% markup. No Security required for loan in this tier.
Tier-2 The range is above 1 Million upto 10 Million PKR with 4% markup.
Tier-3 The range is above 10 Million upto 25 Million PKR with 5% markup.

List of Banks For PM Youth Business Loan Scheme 2023


  • Meezan Bank Limited
  • MCB Islamic Bank Limited
  • National Bank of Pakistan
  • Sindh Bank Limited
  • Soneri Bank Limited
  • United Bank Limited
  • First Woman Bank Limited
  • Habib Bank Limited
  • Habib Metropolitan Bank Limited
  • JS Bank Limited
  • MCB Bank Limited
  • 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

PM Business Loan Scheme 2023 Eligibility


  • All the information available on Kamyab Jawan Yes Program is almost same with this loan scheme
  • All men/women holding CNIC, aged between 21 and 45 years with entrepreneurial potential are eligible. For IT/ E-Commerce related businesses, the lower age limit will be 18 years.
  • All businesses which are ethical and permitted under the law are eligible for this scheme.
  • Applicants are advised to select businesses which are ethical, legal, commercially viable, and suitable for applicants’ respective areas and for which applicants possess required minimum knowledge, experience, training and support
  • Small and medium enterprises (startups and existing businesses) as per definition of SBP and owned by youth as per above mentioned age brackets are also eligible.
  • For IT/E-Commerce related businesses, at least matriculation or equivalent education will be required.
  • This scheme is for both startups as well as existing micro and small business enterprises.
  • A person cannot avail more than one loan
  • Blood relatives of employees of participating banks cannot apply for loans under this scheme from the banks where their blood relatives are employed
  • Government employees are strictly barred from applying under this scheme.
  • This scheme is for both startups as well as existing micro and small business enterprises.
  • You can always re-apply if you want to avail the increase in maximum loan size announced recently.
  • No physical application is not allowed. All applications have to be submit online
  • The minimum age for the applicant under this scheme is 21 years at the time of application submission. However, it is relaxable to 18 years in case of applicants applying for IT or Computer related businesses. The maximum age limit is 45 years at the time of application submission.
  • There is no gender discrimination in this scheme and applicants of all genders are offered equal opportunities. However, considering the ground realities and to protect the fair gender, a minimum of 25% share on aggregate basis of all loans is kept for women.
  • Persons employed in private jobs can also apply
  • Existing micro and small enterprises can also benefit from this scheme.
  • One family member cannot apply in another’s name.
  • This scheme is only for resident Pakistanis

Prime Minister Business Loan 2023 Installments


  • There is no limit on the number of balloon payments.
  • A borrower can make balloon payments only if the loan is regular, that is there are no overdue installments.
  • An applicant making balloon payment has the option to reduce the loan repayment period, or have the installment reduced or opt for a combination of both of these options.
  • An applicant can repay the loan in full any time before the loan maturity date.
  • Loan can be repaid in equal monthly, quarterly, bi-annually or annually installments. However, the exact repayment terms would depend upon the specific business types and banks’ decision. The applicant is encouraged to negotiate these terms at the time of finalization of loan with the bank.
  • Scheme allows a maximum of 1-year grace period. However, the exact grace period would depend upon the specific business types and banks’ decision. The applicant is encouraged to negotiate these terms at the time of finalization of loan with the bank.
  • Applicants can make early repayments during the loan tenor which would reduce the principal portion of their liability.

How To Apply For PM Business Loan 2023


  • You must have scanned copies / clear visible pictures of following documents ready before you start your application:
  • Passport Size Picture
  • CNIC – Front Side and CNIC – Back Side
  • Latest Educational degree / certificate, if and whichever applicable: Matric, Intermediate, Bachelors, Masters, PHD etc.
  • Experience certificate(s), if applicable
  • License / Registration with Chamber or Trade Body, if applicable
  • Recommendation Letter from respective chamber / trade body or Union, this is mandatory in case of existing business.
  • You must have the following information handy before you start your application:
  • National Tax Number, in case you don’t have one please register at https://fbr.gov.pk/categ/register-income-tax/51147/30846/71148  https://fbr.gov.pk/categ/register-income-tax/51147/30846/71148
  • Consumer ID of Electricity bill of your current address. (NITB to link image of where consumer ID is written on electricity bill)
  • Consumer ID of Electricity bill of your current office address, if applicable.
  • Complete Registration number of any vehicle registered in your name, if applicable.
  • Name, CNIC and Mobile numbers of Two References other than Blood relatives.
  • An estimate of Monthly business income, business expenses, household expenses and other income should be available with you in case of new business while in case of existing business please provide actual Monthly business income, business expenses, household expenses and other income, if any details.
  • Please Note:
  • Please sign up to submit application.
  • You must have a mobile number registered in your name to start this application on which Bank shall communicate with you.
  • This application shall take at least 15 minutes to complete subject to availability of above listed information.
  • You may complete the form in one go or save a draft for submission later on.
  • Please upload as much information as you have e.g. Financial Statements, Business Feasibility, Last 6 months Bank statement, etc. This shall help to better evaluate your application.
  • Once the form is submitted, your application registration number shall appear on the screen and you will also receive SMS stating the same, please keep it safe.
  • You will receive SMS once your application moves to next stage of process, however you may check your submitted application status on this web site as well.
PM-Youth Website Registration Online
Ehsaas Program HomePage

Prime Minister's Youth Loan Scheme 2023 Business & Agriculture

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