Pm Youth Loan Scheme 2023 Online Apply: Bear in mind that you represent the future of Pakistan. The Almighty has endowed you with a multitude of skills and qualities. Channel these abilities positively to contribute to Pakistan’s progress. You hold the keys to our nation’s development. To harness your potential, the Prime Minister of Pakistan has initiated the Youth Loan Program.
Taking charge of youth affairs is an invaluable task, a means to work for the welfare of 68% of the population. Our commitment is to create opportunities for the youth across all sectors. Through initiatives like the PM Laptop Scheme, the Loan Scheme, the Youth Development Center, and the National Youth Commission, we strive to shape your promising future. Join hands with us to make Pakistan a thriving and contented nation.
Prime Minister Youth Loan Scheme 2023 Overview
The Youth Program, established between 2013 and 2018 by the Pakistani Government, comprises several schemes. These include the Prime Minister’s Interest-Free Loan Scheme, the Prime Minister’s Youth Business Loan Scheme, the Prime Minister’s Youth Training Scheme, the Prime Minister’s Youth Skills Development Scheme, the Prime Minister’s Scheme for Laptops, and the Prime Minister’s Scheme to Reimburse Fees for Students from Less Developed Areas.
Latest Update on PM Youth Loan Scheme Online Registration 2023
Leading the charge is Maryam Nawaz Sharif, who spearheaded an investment of twenty billion Pakistani rupees over five years. On May 14, 2014, the government announced interest-free loans of up to Rs. 50,000, benefiting 10,000 people nationwide. Equal numbers of women and men stand to receive assistance.
Apply also for the PM Laptop Scheme.
Application Process for the Youth Loan Program
For the year 2023, you have the opportunity to apply for the Youth Loan Program. We provide a simplified guide for the application process. Complete the form to submit your application for the Youth Loan Program 2023.
Steps to Apply for the PM Youth Loan Scheme
Required Documents:
- Passport-sized photograph
- CNIC (front and back)
- Latest educational degree/certificate (if applicable)
- Experience certificate(s) (if applicable)
- License/Registration with Chamber or Trade Body (if applicable)
- Recommendation Letter from respective chamber/trade body or Union (if applicable)
- Information: National Tax Number, Consumer ID of electricity bill for your current address and office address, Vehicle registration details (if applicable), Name, CNIC, and mobile numbers of two non-relative references, Estimates of monthly business income, business expenses, household expenses, and other income (for new business), Actual monthly business income, business expenses, household expenses, and other income (for existing business)
Additional Requirements:
- Sign up for application submission
- Mobile number registered in your name
- Allow at least 15 minutes for form completion
- Option to save a draft for later submission
- Upload relevant information (e.g. Financial Statements, Business Feasibility, Last 6 months Bank statements)
- Receive a registration number on-screen and an SMS upon form submission
- Get SMS updates on application progress
- Check the application status on the official website.
Prime Minister Youth Loan Scheme 2023
This ongoing program, which started in 2019 and continuing into 2021, offers the youth of Pakistan an opportunity to apply for loans. These loans aid in educational pursuits and business development, free from interest, with flexible repayment options. It has proven to be a commendable government initiative, particularly during the challenges posed by the COVID-19 pandemic.
PM Youth Business Loan 2023 Loan Size
Applicants can seek loans ranging from Rs. 7 to 5 million under the PM Youth Business and Agriculture Loan Scheme. Visit the PM Youth business website for detailed application guidance. Click on the registration button on the website to access step-by-step instructions.
Eligibility Criteria for Youth Loan
Loan program (PMYB&ALS)
Any Pakistani national, including those from AJK & GB, aged 18-45, possessing a CNIC or Form B.
National Innovation Award
Any Pakistani national, including those from AJK & GB, aged 15-35, possessing a CNIC or Form B.
Talent Hunt Youth Sports League (THYSL)
Any Pakistani national, including those from AJK & GB, aged 15-25, possessing a CNIC or Form B.
Conclusion
This article is dedicated to individuals seeking loans through the Ehsaas program to initiate their own businesses. It stands as a valuable option for middle-class families. We trust that after reading this, you have gained clarity and confidence. Should you encounter any issues during the loan application process, our customer support is available to provide solutions. Explore the Prime Minister’s Youth Business & Agriculture Loan Scheme for further information.
BISP Basic Information Required
| Information | Details |
| Contact Number | 0800-26477, 051-9246326 |
| Address | Benazir Income Support Program, Block F, Pak Secretariat, Islamabad, Pakistan |
| Registration Document Required | CNIC, B-Forms, Mobile No, Gas/Electricity Bill, Home Rent Agreement if Available. |