In 2025, the Government of Pakistan continues to support entrepreneurs and businesses through various financial schemes. One such initiative is the Prime Minister’s Youth Business & Agriculture Loan Scheme (PMYB ALS), which offers interest-free loans to eligible applicants.
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Table of Contents
Understanding the Loan Scheme
The PMYB ALS is structured into three tiers:
| Tier | Loan Amount Range | Markup Rate |
| 1 | Up to PKR 0.5 million | 0% |
| 2 | Above PKR 0.5 million to 1.5 million | 5% |
| 3 | Above PKR 1.5 million to 7.5 million | 7% |
As per the current structure, the maximum loan amount available is PKR 7.5 million. Therefore, obtaining a 30 million interest-free loan under this scheme is not feasible. Applicants seeking higher loan amounts may need to explore other financial avenues or government programs that cater to larger funding requirements.
Eligibility Criteria for the 30 Million Loan Without Interest
To qualify for the PMYB ALS, applicants must meet the following criteria:
- Age: 21 to 45 years (minimum age for IT/E-commerce businesses is 18 years).
- Nationality: Pakistani resident.
- Business Potential: Demonstrable entrepreneurial potential or engagement in agricultural activities.
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Online Application Process for Interest-Free Loan Scheme
Follow these steps to apply online:
- Access the Application Portal: Visit the official PMYB&ALS application portal.
- Complete the Application Form: Fill out the online form with accurate personal and business information. Ensure that your CNIC number, issue date, and date of birth are entered correctly, as they will be verified by NADRA.
- Select the Preferred Bank: Choose a participating bank from the list provided in the application.
- Upload Required Documents: Prepare and upload the necessary documents, including:
- Valid CNIC
- Recent passport-sized photographs
- Proof of business or employment
- Bank statements (if applicable)
- Any other documents as specified by the selected bank
- Submit the Application: Review all information for accuracy and submit the application online.
- Application Tracking: After submission, you can track the status of your application through the portal.
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Required Documents for the Interest-Free Loan Scheme
Prepare the following documents for your application:
- Valid CNIC
- Two recent passport-sized photographs
- Proof of business or employment
- Bank statements (if applicable)
- Proof of allotment or title documents for collateral (if required)
- Undertaking for first-time homeowner (for housing loans)
Ensure all documents are clear and legible to facilitate the verification process.
Conclusion
While the PMYB&ALS offers substantial financial support to entrepreneurs and agriculturists, the maximum loan amount is capped at PKR 7.5 million. Applicants requiring larger sums, such as PKR 30 million, should consider alternative funding sources or consult financial advisors to explore suitable options.
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Frequently Asked Questions
Can non-resident Pakistanis apply for the PMYB&ALS?
No, only resident Pakistani citizens are eligible for this scheme.
Are government employees eligible to apply?
No, government employees are not eligible to apply under this scheme.
Is there an application fee for the PMYB&ALS?
The official guidelines do not mention any application fee. However, it’s advisable to consult the selected bank for any processing charges.
Can I apply for multiple loans under different tiers simultaneously?
Applicants are typically allowed to apply for one loan at a time. For detailed information, refer to the scheme’s official guidelines or consult the selected bank.
How long does the application process take?
Processing times may vary depending on the bank and the completeness of your application. Generally, it may take several weeks.