Prime Minister’s Youth Enterprise & Agriculture Mortgage Scheme promotes entrepreneurship amongst youth by offering enterprise loans on easy phrases and with much less markup by way of 15 Industrial, Islamic and SME banks.
All Pakistani residents, aged between 21 and 45 years with entrepreneurial potential are eligible to use for the mortgage. For IT/ E-Commerce associated companies, the decrease age restrict is eighteen years. Purposes should be submitted on-line solely by way of our web site.
Loans supplied below PMYB&ALS are segregated into 3 tiers.
Tier 1The vary is 0.5 million PKR with 0% markup
Tier 2The vary is above 0.5 Million upto 1.5 Million PKR with 5% markup
Tier 3The vary is above 1.5 Million upto 7.5 Million PKR with 7% markup
Who can apply?
All males/girls holding CNIC, aged between 21 and 45 years with entrepreneurial potential are eligible. For IT/ E-Commerce associated companies, the decrease age restrict will probably be 18 years.
Small and medium enterprises (startups and present companies) as per definition of SBP andowned by youth as per above talked about age brackets are additionally eligible.
For IT/E-Commerce associated companies, a minimum of matriculation or equal training will probably be required.
How do I’d know that my utility has been accepted for processing
Upon submission of your utility on the portal and verification of credentials by NADRA, an SMSmessage will probably be delivered to your supplied cell quantity with affirmation of utility submission and particulars of your chosen financial institution and assigned department.
For extra Data: Go to the web site for Prime Minister’s Youth Enterprise & Agriculture Mortgage Scheme