The Pakistani government has started a new program called the PM Youth Loan Scheme 2023 to help young people start their businesses. The program intends to give money to young people, between the ages of 21 and 45, who have creative company ideas but lack the resources to make them a reality. Eligible persons may apply for loans from PKR 100,000 to PKR 2 million under the PM Youth Loan Scheme 2023. Young entrepreneurs can manage their money more easily because of the loans’ low markup rates and flexible repayment schedules. All commercial, Islamic, and SME banks will offer the PM Business loan to those who qualify. You can apply for this loan program whenever you need one because there is no deadline.

PM Youth Loan Scheme 2023

For young people who have business ideas but lack the funding to make them a reality, the PM Youth Loan Scheme 2023 is a fantastic opportunity. The program will enable young entrepreneurs to launch their enterprises and contribute to the expansion of Pakistan’s economy by offering financial and technical support. Young entrepreneurs are given technical assistance and training through the program as well. Programs for financial planning, marketing, and business management are included in this. Young entrepreneurs will benefit from the program by gaining the knowledge and abilities necessary to successfully manage their enterprises and overcome any obstacles they may encounter

PM Youth Loan Scheme 2023 Online Registration | Application Form

PM Youth loan Scheme 2023 | pmybl Application Form

Rime Minister’s Youth Business Loans

The borrower is advised to negotiate conditions prior to closing the loan with the lender. The program provides an initial grace period of one year. The length of the grace period is contingent on the nature of the business and the banks’ decisions. The borrower should negotiate the terms before closing the loan with the bank.

Eligibility Criteria For PM Youth Loan Scheme

Applicants for loans through the Prime Minister Youth Loan Program 2023 are required to:

  • Candidates must be males or women with CNICs, be between the ages of 21 and 45, and have the capacity to succeed in business. For businesses involved in IT or e-commerce, the minimum age requirement is 18.
  • According to the SBP, small and medium-sized businesses (both startup and established businesses) are eligible.
  • For IT/E-Commerce-related businesses, matriculation or an equivalent level of education will be required at the very least.
  • Both new and established micro- and small-business businesses are eligible under this program.
  • The program’s minimum age requirement is 21, with a grace period of up to 18 years.
  • The age restriction is 45 as of the application’s submission. At least one partner or director of the company must be within the program’s age restrictions (21-45 years).
  • There is no set standard for a minimum level of education, yet it will be a favorable element in banks’ decision-making.
  • There is no discrimination against women in this program, although a total of 25% of all loans are set aside for them.
  • Applicants who have private employment options are also welcome.
  • The current micro and small companies can benefit from this scheme as well.
  • One application per name, one family member only.
  • The only people who can apply for this program are Pakistanis.
  • No one is permitted to get more than one loan.
  • The program does not let blood relatives of participating bank employees qualify for loans under this initiative from these banks.
  • No applications from government personnel are accepted for this program.
  • All businesses that operate ethically and legally are eligible for this program.
  • The companies that applicants choose should be morally and legally righteous, commercially successful, applicable to their specific professions, and for which they have the basic minimum of education, training, experience, knowledge, and support.

PM Youth Loan Online Application Form

Documents Required for PM Youth Loan Scheme

The following documents are required to apply for the PM Youth Loan Scheme 2023:

  • National ID Card: A copy of the individual’s National ID Card is required to verify their citizenship and age.
  • Educational Qualification: A copy of the individual’s educational qualification, such as a certificate or diploma, is required to verify their minimum educational qualification.
  • Business Plan: A detailed business plan that outlines the individual’s business idea, financial projections, and growth plan is required to assess the viability of the business.
  • Proof of Income: The individual must provide proof of their income to ensure that they can repay the loan. This can include pay slips, bank statements, or tax returns.
  • Financial Statements: The individual must provide financial statements, such as a balance sheet and income statement, to demonstrate the financial health of their business.
  • Collateral: In some cases, the individual may need to provide collateral, such as property or other assets, to secure the loan.

Prime Minister Youth Business Loan 2023 Tiers Details

  • Tier-1: The range is 100,000 – 1,000,000 PKR, with a 3% markup. This tier does not require security.
  • Tier-2: The range is between 1 million and 10,000,000 PKR, with a 4% markup.
  • Tier-3 This range includes more than 10 million up to 25,000,000 PKR, with a 5% markup.

Bank Names

  • Meezan Bank Limited
  • Allied Bank Limited
  • Bank Al Falah
  • Habib Metropolitan Bank Limited
  • MCB Islamic Bank Limited
  • Albaraka Bank Limited
  • Askari Bank Limited
  • Dubai Islamic Bank Limited
  • JS Bank Limited
  • Sindh Bank Limited
  • Bank Al Habib
  • Bank Islamic Pakistan Limited
  • Bank of Khyber
  • Bank of Punjab
  • Faysal Bank Limited
  • First Woman Bank Limited
  • Habib Bank Limited
  • Soneri Bank Limited
  • United Bank Limited
  • MCB Bank Limited
  • National Bank of Pakistan

Installments or Repayment of PM Business Loan 2023

  • The loan is repaid in equal monthly or quarterly, bi-annually, or annual installments. The specific repayment timeframe will be contingent on the particular type of business and the bank’s choice. The borrower is advised to discuss these terms prior to closing the loan to the institution.
  • The scheme allows for a one-year grace period. However, the precise grace period will depend on the particular business type and banks’ decisions. The lender is encouraged to discuss these terms prior to the date when the loan is finalized to the institution.
  • The applicants can opt to make early payments during the loan term which will reduce the amount they owe in the principal.
  • The limit is not set to the number of balloon payments.
  • A borrower may make balloon payments only when the loan is regularly paid and there aren’t any outstanding installments.
  • A person who is making balloon payments has the option to cut down on the loan payment period or reduce the amount of installment, or choose the combination of both these alternatives.
  • A borrower is able to repay his loan completely at any time before the loan’s expiration date.


In conclusion, the PM Youth Loan Scheme 2023 is an important effort that will give young Pakistani businesses financial and technical support. The program’s goal is to assist young people in implementing their entrepreneurial ideas and boosting Pakistan’s economy. Take advantage of this chance to apply for the PM Youth Loan Scheme 2023 if you are a young entrepreneur with a creative company idea.