The Government of Pakistan has relaunched and expanded its flagship initiative the PM Youth Business and Agriculture Loan Scheme (PMYBALS) to empower young entrepreneurs and farmers with easy access to capital. As of 2025, individuals can now apply for up to Rs. 7.5 million without interest under specific categories to start or expand their businesses or agricultural ventures.
This scheme is designed to tackle unemployment, support youth-led startups, promote self-sufficiency in agriculture, and create job opportunities across the country. If you’re a young Pakistani aspiring to grow your business or farm, this guide will walk you through the latest features, eligibility, and step-by-step application process.
What is the PM Youth Business & Agriculture Loan Scheme?
Launched under the umbrella of Prime Minister’s Youth Program (PMYP), the scheme offers collateral-free loans to Pakistani youth for business and agricultural purposes. The initiative is divided into three tiers, and the most attractive benefit is the interest-free or subsidized rate depending on the loan amount and category.
In 2025, the loan ceiling has been increased with special incentives for:
- Startups
- Women entrepreneurs
- Farmers and agri-based businesses
- Youth from underdeveloped regions
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Loan Categories and Limits
Tier | Loan Amount | Markup Rate | Repayment Period |
---|---|---|---|
Tier 1 | Rs. 100,000 – Rs. 500,000 | 0% (Interest-Free) | Up to 3 years |
Tier 2 | Rs. 500,001 – Rs. 1.5 Million | 5% Subsidized | Up to 5 years |
Tier 3 | Rs. 1.5 Million – Rs. 7.5 Million | 7% Subsidized | Up to 8 years |
Those seeking Rs. 7.5 million can apply under Tier 3 for agriculture machinery, business expansion, or industrial projects, with highly subsidized interest and long-term repayment plans.
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Who Can Apply?
The scheme is open to a wide range of applicants who meet the following conditions:
- Age between 21 to 45 years
- For IT and e-commerce businesses, the minimum age is 18 years
- Must be a Pakistani citizen with valid CNIC
- Business must be new or existing
- Farmers seeking support for livestock, farming equipment, or irrigation can also apply
- At least 25% of loans are reserved for women
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How to Apply for PM Youth Loan Scheme 2025 – Step-by-Step
Step 1: Visit the Official Portal
Go to the official application portal:
👉 https://pmyp.gov.pk
Step 2: Select “Youth Business & Agriculture Loan”
Click on the designated loan scheme and start your application.
Step 3: Fill the Online Form
- Provide personal information (CNIC, phone, email)
- Enter details about your business plan or agriculture project
- Attach required documents like:
- CNIC front and back
- Business proposal or feasibility
- Educational or experience proof (if applicable)
Step 4: Submit and Wait for Approval
After submitting, you will receive a tracking number. Your application will be reviewed, and if eligible, you will be contacted by the bank for verification and disbursement.
Participating banks include:
- National Bank of Pakistan (NBP)
- Bank of Punjab (BOP)
- Bank of Khyber
- Other partner commercial banks
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Final Words
The PM Youth Business and Agriculture Loan Scheme 2025 presents a golden opportunity for Pakistani youth to become financially independent, grow their ventures, and contribute to the economy. With up to Rs. 7.5 million available without interest for small loans, and subsidized rates for larger projects, the government is making entrepreneurship more accessible than ever.
Make sure to prepare your business plan, check eligibility, and apply through the official PMYP portal. With dedication and a strong idea, your dream project could become reality.
FAQs
1. Can I apply for the Rs. 7.5 million loan without interest?
No, the interest-free option is only available for Tier 1 (up to Rs. 500,000). Higher tiers have subsidized interest rates.
2. Is collateral require to apply for the loan?
For Tier 1 and Tier 2, no collateral needed. For Tier 3, banks may request guarantees based on the business type and loan size.
3. How long does it take to process the loan application?
It typically takes 30 to 45 days from submission to disbursement, depending on the completeness of your documents and bank response.
4. Can women and students apply for this scheme?
Yes, 25% of the loans are reserved for women, and students with a business plan can apply if they meet the age and eligibility criteria.
5. What types of businesses are supported under this scheme?
Both new and existing businesses in agriculture, livestock, retail, manufacturing, services, and e-commerce are supported under PMYBALS.
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