📢 Rs. 221 Billion Already Disbursed | 461,795 Beneficiaries Facilitated | 25% Reserved Women Quota | Interest-Free Tier-1 Loans Up to Rs. 500,000 | Proposed Expansion to Rs. 300 Billion
📋 What is the PM Youth Business & Agriculture Loan Scheme?
The Prime Minister's Youth Business & Agriculture Loan Scheme (PMYB&ALS) — previously known as PMKJ-YES (Kamyab Jawan) — is the Government of Pakistan's flagship entrepreneurship initiative designed to provide self-employment opportunities to the country's youth through affordable, low-interest financing.
Launched under the Prime Minister's Youth Programme (PMYP) led by Chairman Rana Mashhood Ahmad Khan, the scheme has already disbursed an impressive Rs. 221 billion to 461,795 beneficiaries across Pakistan. The government is now preparing to expand the scheme's allocation from Rs. 200 billion to Rs. 300 billion for the 2026–27 cycle.
The scheme operates on four key pillars — education, engagement, environment, and employment — and covers everything from small startups to large-scale agricultural operations. Whether you're a micro-entrepreneur selling products online, a freelancer needing equipment, or a farmer looking to expand your livestock, PMYB&ALS has a financing tier designed for you.
📊 Loan Tiers — How Much Can You Get?
The scheme is divided into four tiers, each with its own loan amount, markup rate, and conditions:
| Tier | Loan Amount | Markup Rate | Equity Requirement | Security |
|---|---|---|---|---|
| Tier 1 | Up to Rs. 500,000 | 0% (Interest-Free) | 90:10 | Personal Guarantee Only |
| Tier 2 | Rs. 500,000 – Rs. 1.5 Million | 5% p.a. | 90:10 | Personal Guarantee Only |
| Tier 3 | Rs. 1.5 Million – Rs. 7.5 Million | 7% p.a. | 80:20 | As per bank policy |
| Tier 4 | Special Purpose Loans | 0% (Interest-Free) | 80:20 | Varies by purpose |
📝 Note: Tier 3 loan ceiling is under review for enhancement to between Rs. 20 million and Rs. 30 million for the next cycle.
🎯 Tier 4 — Special Purpose Loans
The newly added Tier 4 category provides interest-free financing for specific needs:
💻 Laptop Financing
- Purpose: Provide laptops to students, freelancers, and young entrepreneurs
- Eligibility: Pakistani citizens aged 18-30 years, studying at HEC-recognized institutions
- Markup Rate: 0% (Interest-Free)
- Process: Through PMDYH portal — universities may refer students to banks
✈️ Overseas Workers Financing
- Purpose: Training, travel, visa-related expenses, and settlement costs
- Eligibility: Pakistani citizens aged 21-45 years with a valid job offer letter authenticated by Pakistan Mission abroad
- Markup Rate: 0% (Interest-Free)
- Requirement: Must provide details of overseas training and job offer to justify fund utilization
👩 Women's Special Quota — 25% Reserved
The PMYB&ALS has a 25% dedicated quota specifically for women entrepreneurs. Key benefits for women include:
- Priority Processing: 25% of all loans are reserved for women, ensuring your application gets priority
- Interest-Free Option: Tier 1 allows up to Rs. 500,000 with zero markup
- Grace Period: Up to 1 year grace period before full repayments begin
- Long Tenure: Repay over up to 8 years
- Who Qualifies: Dreamers with business ideas, scalers running small setups, tech-savvy freelancers, e-commerce store owners, and women farmers in poultry, dairy, or crop farming
✅ Eligibility Criteria
- Nationality: Must hold a valid Pakistani CNIC
- Age Limit: 21 to 45 years (lower age limit is 18 years for IT and E-commerce businesses)
- Entrepreneurial Potential: Must demonstrate a solid business idea, plan, or existing small setup
- Business Types: All sectors including small wholesalers, retailers, traders, manufacturers, and agriculture
- Clean Credit History: Must not be a defaulter of any financial institution
📄 Required Documents
- Valid CNIC (front and back copies)
- Recent passport-sized photograph
- Educational certificates and experience certificates (if applicable)
- Business feasibility plan / business proposal
- NTN (if applicable)
- Bank statements (if applicable)
- Electricity bill consumer ID
- References from 2 non-relatives
📝 How to Apply — 100% Online Process
You do not need to visit a bank to start. The process is entirely online:
Step 1: Visit the Official Portal
Go to pmybals.pmyp.gov.pk — this is the only official application portal.
Step 2: Register & Fill the Form
Sign up with your registered mobile number. Select your preferred Tier (T1-T3), fill in personal details, business information, and select a bank from the list.
Step 3: Upload Documents
Upload digital copies of your CNIC, photo, business plan, and any other required documents. The process takes approximately 15+ minutes.
Step 4: Pay Processing Fee
A nominal processing fee of Rs. 100 is charged when submitting your application.
Step 5: Submit & Track
Submit your application and note your tracking number (SMS confirmation is sent). You can check your application status anytime on the same portal.
Step 6: Bank Review & Disbursement
The selected bank reviews your application, verifies documents, and upon approval, disburses the loan amount.
🏦 Participating Banks
Multiple major banks across Pakistan participate in PMYB&ALS, including:
- Askari Bank
- MCB Bank
- United Bank Limited (UBL)
- Allied Bank
- Other commercial and Islamic banks nationwide
📊 Scheme Performance — By the Numbers
⚠️ Important Points to Remember
- Valid Till 30 June 2026: The current scheme cycle ends on this date — apply before it expires.
- Online Applications Only: No physical forms are accepted. Use the official portal only.
- No Collateral for Tier 1 & 2: You don't need to hand over property documents — your personal guarantee is sufficient.
- Grace Period Available: Up to 1 year grace period may be available to help your business stabilize before repayments begin.
- Expansion Coming: Tier 3 loan ceiling may increase from Rs. 7.5 million to Rs. 20-30 million in the next cycle.
- 25% Women Quota: Women entrepreneurs receive priority processing and dedicated loan allocation.
📢 Ready to start or expand your business? Apply online today at the official PMYB&ALS portal. With interest-free loans up to Rs. 500,000 and a 25% reserved women quota, your entrepreneurial journey is just a few clicks away!
💼 Apply Now — Official Portal