The Government of Pakistan in collaboration with SBP has launched a scheme named as Prime Minister’s Youth Business & Agriculture Loan Scheme (PMYB&ALS) for rural youth aged between 21-45 years to cater their time period mortgage and dealing capital financing necessities in agriculture sector, on low mark-up price to be backed by the Government of Pakistan with the target of job creation in rural lots.
1= All residents of Pakistan, aged between 21 and 45 years with entrepreneurial potential/engaged in agricultural/cottage actions are eligible.
2= Customers could avail two loans (one quick time period & one long-term) inside their MCL.
3= No Govt. worker can avail of financing below this scheme.
4= Defaulter of ZTBL or every other Financial Institution shouldn’t be eligible for financing below the scheme.
5= Only common real debtors will likely be supplied the ability of enhancement of mortgage restrict.
6= A legitimate copy of CNIC.
Clear e-CIB report from SBP.
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