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Web Desk — Prime Minister (PM) Shehbaz Sharif relaunched the PM Kamyab Jawan Entrepreneur Loan Scheme as the PM Youth Business and Agriculture Loan Scheme (PMYBS&ALS) on Tuesday.
Shehbaz Sharif, while addressing the occasion, specifically encouraged women, transgenders, and differently-abled citizens to apply for loans under the initiative.
Jameel Ahmad, Governor State Bank of Pakistan, said that banks have been issued special instructions to process the loan applications on a priority basis.
Necessary details about the PM Youth Business and Agriculture Loan Scheme.
Who Can Apply?
All Pakistani nationals, including citizens of Azad Jammu and Kashmir (AJK) and Gilgit Baltistan (GB), having a valid CNIC or a Form-B can apply for loans.
Age Limit
The lower age limit is 18 years while the upper age limit is 45 years.
Required Documents
.Pictures
.CNIC
.Latest academic degree
.Experience certificates (if applicable)
.License/registration with chamber or trade body/union (if applicable)
.Recommendation letter from respective chamber/trade body/union (mandatory in case of existing business)
.Other Important Details
.National Tax Number (NTN)
.Consumer ID of electricity bill of current address (if applicable)
.Registration number of any vehicles registered in the applicant’s name (if applicable)
.Name, CNICs, and mobile numbers of two references other than blood relatives
.An estimate of monthly business income, business expenses, household expenses, and other income in case of new business and actual monthly business income, business expenses, household expenses, and other income in case of existing business
How Can One Apply?
Those who are eligible will be required to apply online at the PM Youth Business and Agriculture Loan Scheme portal.
