The Government of Pakistan has always emphasized the importance of youth empowerment and entrepreneurship for national growth. In this vision, the Prime Minister’s Youth Business and Agriculture Loan Scheme (PMYB&ALS) has been introduced to provide financial support to young Pakistanis who aspire to start or expand their businesses. This initiative encourages self-employment, innovation, and economic stability by offering business loans on simple terms and with low markup rates through a wide network of commercial, Islamic, and SME banks.
What Is PMYB&ALS?
The Prime Minister’s Youth Business and Agriculture Loan Scheme (PMYB&ALS) is a government-backed financing program aimed at promoting entrepreneurship and supporting youth-led business ventures. The scheme helps individuals turn their innovative ideas into successful businesses, especially in sectors like agriculture, IT, manufacturing, e-commerce, and services.
This program operates through 15 participating banks across Pakistan, including both commercial and Islamic banks, ensuring wide accessibility and convenience for applicants.
Who Can Apply for the PMYB&ALS?
All Pakistani residents who meet the following criteria are eligible to apply:
- Age Requirement:
- 21 to 45 years for general business applicants.
- 18 years and above for IT and e-commerce-related businesses.
- Entrepreneurial Potential:
Applicants must demonstrate genuine interest and capability to start or expand a business. - Business Category:
Individuals can apply for loans to start new businesses or expand existing ones, including startups, agriculture, and small-scale industries. - Application Method:
All applications are to be submitted online only through the official PMYB&ALS website:
👉 https://www.pmyp.gov.pk/
Loan Tiers and Financing Structure
To ensure flexibility and fairness, the PMYB&ALS is divided into three tiers, each designed for different levels of business investment needs.
Tier 1 (T1)
- Loan Range: Up to PKR 0.5 million
- Markup (Interest) Rate: 0% (Interest-free)
- Repayment Period: Up to 3 years
- Purpose: Ideal for micro and small startups or individuals starting a new business.
Tier 2 (T2)
- Loan Range: Above PKR 0.5 million to PKR 1.5 million
- Markup Rate: 5% per annum
- Repayment Period: Up to 5 years
- Purpose: Suitable for small and growing businesses needing moderate capital.
Tier 3 (T3)
- Loan Range: Above PKR 1.5 million to PKR 7.5 million
- Markup Rate: 7% per annum
- Repayment Period: Up to 8 years
- Purpose: Designed for medium-sized businesses seeking expansion or modernization.
Participating Banks
The PMYB&ALS loans are processed and disbursed through 15 participating banks, including both Islamic and conventional financial institutions. Some of the major banks include:
- National Bank of Pakistan (NBP)
- Bank of Punjab (BOP)
- Habib Bank Limited (HBL)
- Meezan Bank (Islamic)
- United Bank Limited (UBL)
- Askari Bank
- Zarai Taraqiati Bank Limited (ZTBL)
These banks have simplified procedures to make the loan application and approval process transparent and efficient.
How to Apply for PMYB&ALS
Applying for the PMYB&ALS is simple and completely online. Follow these steps:
- Visit the official website: https://www.pmyp.gov.pk/
- Click on “Apply for Loan.”
- Fill in the online application form with accurate personal and business details.
- Upload the required documents (CNIC, business plan, educational certificates, etc.).
- Submit the form and note down your application number for tracking.
Applicants will be notified via SMS or email about their application status after evaluation.
Key Benefits of PMYB&ALS
- No hidden fees or complicated paperwork.
- Low markup rates compared to market rates.
- Equal opportunity for men and women.
- Encourages youth-led startups and innovation.
- Boosts agriculture, IT, and small business sectors.
- Creates employment opportunities across Pakistan.
Why This Scheme Matters
Pakistan has one of the youngest populations in the world, with over 60% under the age of 30. Many talented individuals have great ideas but lack the financial resources to bring them to life. The PMYB&ALS directly addresses this issue by providing accessible financing and empowering youth to become job creators rather than job seekers.
The inclusion of IT and e-commerce startups is particularly noteworthy, as it aligns with the global digital transformation and encourages tech innovation in Pakistan.
Final Thoughts
The Prime Minister’s Youth Business and Agriculture Loan Scheme (PMYB&ALS) is more than just a financial program—it’s a gateway to opportunity and self-reliance. By making business loans accessible to young Pakistanis, the government is investing in the country’s future innovators, entrepreneurs, and leaders.
If you have a business idea and the determination to make it work, this is your chance to turn your dreams into reality. Visit the official PMYB&ALS website today and take the first step toward building your own success story.
All Pakistani residents, aged between 21 and 45 years with entrepreneurial potential are eligible to apply for the loan. For IT/ E-Commerce related businesses, the lower age limit is 18 years. Applications have to be submitted online only through our website.
Loans provided under PMYB&ALS are segregated into 3 tiers.