PM Youth Loan Scheme 2024 Youthful entrepreneurs in Pakistan are welcome to mileage the fresh occasion named PM Youth Loan Scheme 2024 Online Apply Check Status Application Tracking blazoned by the Prime Minister of Pakistan, Mian Muhammad Shehbaz Sharif on relatively simple terms and conditions.
The Prime Minister Youth Business Loan( PMYBL) Scheme carries a low luxury rate as compared to the interest rate blazoned by the State Bank of Pakistan for all the marketable, Islamic, and SME banks in Pakistan. The loan blessing is going to be held by the authorized banks and the scheme is subsidized by the Federal Government of Pakistan.
Once you apply for the PM Youth Loan Scheme we suggest you wait for the bank’s response. PM Shehbaz Sharif is veritably keen to encourage youthful entrepreneurs to step forward and play a vital part in the frugality of Pakistan. In the following, you’ll have complete information regarding the Youth Loan Scheme including Eligibility Criteria, Application Form, needed Documents, Loan Calculator, and operation Tracking Facility as per the instructions handed at the sanctioned gate at www.pmyp.gov.pk.
As there’s no last date blazoned for the Prime Minister Youth Business Loan Scheme every aspirant should apply as soon as possible because the Government of Pakistan has allocated 30 billion Rupees for the loan scheme and an aggregate of 40,000 meritorious people shall mileage of this occasion on a merit base. The introductory purpose of the occasion is to enhance the Business and husbandry sector in Pakistan through the youthful and energetic individualities across Pakistan.
PM Youth Loan Scheme 2024 www.pmyp.gov.pk Registration Online Eligibility Criteria:
- All Pakistani Citizens having valid CNIC and progressed between 21 to 45 times are eligible to apply.
- For those who belong to IT/E-Commerce affiliated businesses, the lower age limit will be 18 times with at least Matric or original education needed to apply.
- Ladies are largely encouraged to apply because a 25 Percent share is allocated to ladies.
- A National Tax Number( NTN) isn’t needed during the operation submission procedure but if someone has an NTS can increase the chances of selection
Loan Size:
The loan size is segregated into 3 tiers given below.
- Tier-I: Loan carries an amount up to Rs. 500,000/- PKR with 0% markup.
- Tier 2: Loan carries amount up to Rs. 15,00,000/- PKR with a 5% markup.
- Tier 3: Loan carries amount up to Rs. 75,00,000/- PKR with a 7% markup.
Required Documents for PM Youth Loan Scheme 2024:
- Passport-size picture.
- Scrutinized CNIC on both sides.
- Rearmost educational degree i.e.( Matric, Intermediate, Bachelor, Masters, or over).
- Registration number of any vehicle registered in your name. National Tax Number( Not mandatory).
- Consumer ID of electricity bill of the current home address handed in an online operation. Consumer ID of electricity bill of current office address, if any handed in the online operation.
- Name, CNIC, and mobile figures of two references handed in the operation.
- Detail of yearly income and charges.
Prime Minister Youth Loan Scheme 2024 Online Apply
How to Apply for the PM Youth Loan Scheme 2024:
- Visit the Prime Minister Youth Program’s functionary portal i.e.
- https//pmyp.gov.pk/bank form/new applicant form or through the button given below.
- give the CNIC number and the CNIC issue date in the specified box. named a league i.e.
- league 1 Loan PKR 5 Lakh.
- league 2 Loan 5 to 15 Lakh.
- league 3 Loan 15 to 75 Lakh.
- give all asked information in the prescribed section. Add reference details in the specified fields i.e. Name, CNIC figures, and Mobile figures.
- In the end, the system will produce the Declaration Form, and read it precisely before submitting it because once you submit it you’ll not be able to make any corrections and changes.
PM Youth Loan Scheme Status Check:
Click the following button to check the status of your loan operation and give following details specified below. Make sure the detail you’re going to give for PM Youth Loan Scheme 2024 shadowing, should be handed during form submission.
- Applicant’s CNIC number.
- CNIC Issue Date.
- Applicant’s Mobile Number.
- Applicant’s Date of Birth.