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Prime Minister Youth Business loan

​Prime Minister Youth business loan scheme is for youth of the Country to get better opportunities of employment and economic empowerment in the society launched by Govt. of Pakistan.

Features of the scheme

  • ​Maximum loan size PKR 2 Million

  • Mark-up 6% per annum
  • Tenor: Maximum 8 years (1 year grace period)
  • Application processing fee of Rs. 100 will be charged to the customer

Requirements

  • ​Applicant should be Pakistani resident with a valid CNIC 

  • Applicant must be between 21 years and 45 years of age
  • For existing businesses: Genuine business concern plus applicants involvement in the business
  • For new establishments: Applicant must have relevant technical skills/ educational degree
  • Borrowing request should accompany a Workable Business Feasibility
  • Borrower should meet KYC and AML guidelines of HBL.
  • Life insurance of the borrower must equal to the amount of loan (before loan disbursement)
  • Compliance to relevant PRs of Small Enterprise SE
  • Applicant to confirm that he/ she hasn’t availed PMYBL from any other bank
  • Guarantor Criteria: Guarantor(s) must have individual or collective net worth of 1.5 times of requested loan. OR
  • Be Government employee with minimum 8 years of remaining service.
  • Borrower can also offer property as collateral valuing at least 1.5 times the loan amount in lieu of guarantee.
  • Clean CIB report of the borrower and guarantor(s)
  • Applicant will be required to provide at least 10% equity in the form of cash or immovable property (of the approved amount at the time disbursement)
  • Hypothecation of Business Assets
  • Current and Movable Assets both duly insured with bank clause.

Preferred Sectors

Services

  • Beauty Clinic
  • Boutique
  • Footwear Retail
  • Interior Decoration
  • Medical Store
  • Montessori School
  • Wholesale/ Distribution Agency

Livestock

  • Dairy Farming
  • Meat Shop
  • Poultry Farming
  • Veterinary Clinic

​Engineering and Manufacturing

  • Auto and Tractor Parts Manufacturing
  • Engineering Workshops
  • Furniture Manufacturing Unit
  • Handmade Carpets and Rugs Manufacturing
  • Injection moulding plastic products
  • Leather goods manufacturing

Minerals

  • Marble & Onyx Products manufacturing
  • Marble mosaic development center
  • Marble tiles manufacturing unit

Agriculture & Fruit Processing

  • Fruit grading & packaging
  • Seed oil extraction unit

Food

  • Bakery & confectionary
  • Catering & decorating services
  • Restaurant or fast food