NBP Prime Minister Youth Business Loan 2024 Scheme Apply process

Eligibility, Apply Process, Total Amount Details

NBP Prime Minister Youth Business Loan 2024 Scheme

The 2024 Scheme for NBP Prime Minister Youth Business Loan has been introduced with the aim of promoting entrepreneurship and providing financial assistance to young individuals in starting their own businesses. This scheme is a continuation of the government’s efforts to empower the youth and create employment opportunities. Under this scheme, eligible individuals between the ages of 21 and 45 can apply for loans ranging from Rs. 100,000 to Rs. 5 million to establish new ventures or expand existing ones. The scheme also offers various incentives and benefits to the loan recipients, including a grace period of up to eight years for the repayment of the loan, technical and business training programs, and mentorship opportunities. These additional support mechanisms aim to enhance the entrepreneurial skills and knowledge of the loan recipients, enabling them to effectively manage their businesses and increase their chances of success.

Total Amount Details

Under this scheme, eligible candidates can avail loans ranging from PKR 100,000 to PKR 5,000,000 at a subsidized interest rate of 6% per annum. The repayment period for these loans is up to 8 years, making it easier for borrowers to manage their finances effectively. The 2024 Scheme for NBP Prime Minister Youth Business Loan emphasizes inclusivity and encourages applications from marginalized communities, women entrepreneurs, and individuals from underprivileged backgrounds. Special quotas and reserved funds are allocated to ensure equal opportunities for all aspiring entrepreneurs.

Important Dates:-

  • Application submission date: Monday- Friday (10 A.M. – 5 P.M)
  • Loan Issue date: after seeing terms and conditions
  • Loan Installment Duration: Minimum 8 years

Contact:-

TOLL FREE NUMBER 0800-77000

Note:- The loan is issued after fortnight of inauguration of Prime Minister Youth loan Scheme.

Click Here for Download Prime Minister Youth business loan application download PDF

NBP Prime Minister Youth Business Loan 2024 Scheme 

NBP Prime Minister Youth Business Loan 2024 Scheme Application form Download Online Eligibility total amount details

Eligibility

  1. The people of age between 21 to 45 years old have the computerize Identification care (male/ female) are eligible for the loan application.
  2. There is age limit relaxation for the IT and E commerce people, Their age limit is 18 years old for prime minister loan.

 Apply Process for NBP Youth Business Loan

  1. Download Application Form: The application form for the NBP Prime Minister Youth Business Loan can be downloaded from the NBP website or obtained from any branch of the National Bank of Pakistan.
  2. Complete Application Form: The application form must be filled out accurately and completely, and all required fields must be answered. Incomplete forms will not be accepted.
  3. Attach Required Documents: The following documents must be attached with the application form:
    • CNIC (Computerized National Identity Card)
    • Proof of education (degree or certificate)
    • Proof of business registration (if applicable)
    • Proof of business ownership (if applicable)
    • Proof of income (if applicable)
    • Other supporting documents (such as a business plan or feasibility report)
  4. Submission of Application: The duly filled application form along with all required documents should be submitted to the nearest NBP branch.
  5. Preliminary Review: NBP will conduct a preliminary review of the application to ensure that it meets the eligibility criteria and that all required documents have been submitted.
  6. Interview: If the application passes the preliminary review, the candidate will be called for an interview with the NBP’s credit committee.
  7. Credit Committee Evaluation: The credit committee will evaluate the application based on its merits, taking into account factors such as the viability of the business, the candidate’s credentials, and the potential for job creation.
  8. Approval: If the application is approved, the candidate will receive a sanction letter detailing the terms and conditions of the loan.
  9. Disbursement: After signing the loan agreement, the loan amount will be disbursed to the borrower’s account.

The application process may vary depending on the specific circumstances of the applicant and the policies of the NBP at the time of application. Therefore, it’s recommended to consult the NBP’s website or visit a nearby branch for the most up-to-date information.

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65 Comments

  1. Every citizen can get this loan in Pakistan according to the government condition and criteria.

  2. I need a loan for a business but there is no form to apply the loan this loan is not for middle class peoples this loan is only for high class peoples.Hamare pas APNA Ghar nhi hy hum ny try kiya loan k Liye but nhi hua hamare pas apni Zameen bhi hy phir bhi nhi hua mein business k Liye loan Lyna chahata hun but mujhy nhi lgta k milay ga.I am voter of Imran Khan but this is hamara new Pakistan.
    Pakistan zindabad.gareeb awam Murdabad.

  3. Hello, this weekend is good in support of me, as this moment i am
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    here at my residence.

  4. I think this is one of the most vital info for me. And i am glad reading your
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  5. Sir:
    1.Apsy yeh malom krna hai k pm youth business loan ki jo raqam govt de rhi hai iski wapsi sod k sath hogi ya yeh loan govt baghair sod k dy rhi hai.
    2.
    Pm youth business loan sy nea karobar shro krny k ley jitni rakam hmen chahey hogi who sari government dy gi ya applicant ko khud sy bhi kuch raqam shamil krna hogi.
    3.
    Pm youth business loan hasil krny k ley applicant National bank ya jin banks ko govrment ny select kea hai wahan hard copy min submit krana hogi ya online?
    4.
    Short term loan aur long term loan leny k ley 2no k application form same hain ya alehda alehda hain?

  6. Mujy apna business start kerna h logo ke under kam nhi kerna mai 1 saal ka experience hai salon ka so plz help me

    1. Sir:
      1.Apsy yeh malom krna hai k pm youth business loan ki jo raqam govt de rhi hai iski wapsi sod k sath hogi ya yeh loan govt baghair sod k dy rhi hai.
      2.
      Pm youth business loan sy nea karobar shro krny k ley jitni rakam hmen chahey hogi who sari government dy gi ya applicant ko khud sy bhi kuch raqam shamil krna hogi.
      3.
      Pm youth business loan hasil krny k ley applicant National bank ya jin banks ko govrment ny select kea hai wahan hard copy min submit krana hogi ya online?
      4.
      Short term loan aur long term loan leny k ley 2no k application form same hain ya alehda alehda hain?

    2. Dear sir I have to apply pm loan
      Kindly tell about my loan status I have Recieved call from NPB operator.
      Then I can’t recieved loan

  7. Respected Pm
    Sir I bag to say that I have an urgent need of money please help me please I need 10 lakhs rupees

  8. sir me huma Aslam and my sister tahmina Aslam.. did MBA-IT from AIOU. PAKISTAN ..
    WE BOTH SISTER HV LIFE N DEATH EXPERIENCE…
    IN THAT PROCESS we hv nothing… tell which give bank loan to achieve that opportunity …
    we have also multibusiness at very small level .. involve( heome made stitching clothes+ fruits n vegetables sale in front of home…+ ) so plz must consider about that thanks…my contact # 3067842754.. Bahawalpur Punjab Pakistan.
    facebook account is (Humatahmina Hm)

  9. I want to apply for PM Youth loan program, but online pages are not responding so kindly suggest me and help me out . Regards

  10. if some one having age of 50 wants to enhance his business and needs loan what should he do?
    i want to take loan but my age is 50 years

  11. How females can get loan
    Sholud they have to show any business plan or any other plan to get loan
    Like i am graduated since 2018 but i could not get any job and i want ti earn money and having 2 or 3 plans for earning then am i eligible to get loan?
    Kindly guide me.

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