PM Youth Loan Scheme 2024 Application Form Online

The Prime Minister Pakistan has announced the PM Youth Loan Scheme 2024 for the young Generation of Pakistan and their career, they can get the Load by Govt via NBL and then they can start their small business. If you are below the age of 35 years, and you want to get loan through the PM Youth Loan Scheme 2024, then you need to complete an online application form. The online application form can be found at the Prime Minister Youth Program PMYP official website. So those residents of Pakistan who are eligible and unemployed and want to get loan by this scheme are directed that they can submit their application for loan.

Prime Minister Muhammad has said that the government is committed to empower the youth by providing them Rs 3.7 billion easy loans as it would not only help the country but also strengthen national economy. Prime Minister said that in the past up to 70 percent of youth population had no access to loans, as only the influential businessmen were eligible to get loans from banks.

He said the youth would lead the nation as in the developed countries 80 percent youth were playing their role in strengthening the economy.

PM Youth Loan Scheme 2024 Pakistan

The Prime Minister Youth Loan Scheme (PMYLS) is a government-run financial aid program that provides loans to students who are between the ages of 18 and 35 years old. The PMYLS was announced in the 2018 federal budget and is scheduled to commence on July 1, 2020. The purpose of the PMYLS is to help young Canadians access affordable education, vocational training, or other post-secondary programs. Eligibility for the PMYLS will depend on your income and family status.

You must also be a Canadian citizen or permanent resident, have a valid social insurance number, and be enrolled full-time in an eligible program at an accredited post-secondary institution. The maximum loan amount available through the PMYLS is $35,000. Loans will be repaid over a period of 10 years. Applications for the PMYLS can be made online through the government’s website.

The www.pmyp.gov.pk Loan Scheme 2024 is an online loan scheme that the Prime Minister’s Youth Loan Corporation has launched to help young entrepreneurs in Pakistan. The scheme offers loans up to PKR 10 million, and the interest rate is fixed at 8%. Loans can be used for a range of purposes, including starting a business, purchasing a property or equipment, or upgrading your existing business.

PM Youth Loan Scheme 2024 Application Form

To apply for a loan through the www.pmyp.gov.pk Loan Scheme 2024, you will first need to register with the PMYLC using your National ID card or passport number. Next, you will need to complete an application form and provide documentation supporting your application. You can also submit additional documents if required. Once your application has been processed, you will receive an approval letter specifying the amount of your loan and the terms of repayment. You will then need to sign the loan agreement and submit copies of all relevant documentation to the PMYLC.

Download Application Form

PM Youth Loan Scheme 2024 Application Form Online

1st draw list of youth loan scheme will accommodate 6,000 youth which will help in economy of Pakistan. Here we uploaded the Selected Candidates lists you can check your name in that list and you can download that list easily.

For Further Details and updates, you must keep stay with us and is you have any question in your mind regarding PM Youth Loan scheme 2024 Draw Result List and Selected Candidates Lucky Draw then you should comment us here in given comment section we will help you as we can.

Pm youth loan scheme 2024 calculator

Eligibility for PM Youth Business Loan Scheme 2024

• This plan is only available to Pakistani nationals.
• Applicants who are unemployed and want to establish their own enterprises are eligible to apply for the PM youth loan initiative.
• Candidates must be between the ages of 21 and 45, with the IT and E-commerce businesses having an age range of 18 to 45.
• Applicants who have already done business may increase their operations.

Documents Required to Apply for PM Loan Scheme

These are the files you must have in order to finish your application.

• passport-size photo
• scanned copy of the CNIC (front and back)
• Current certificate or degree of education (PhD, Master’s, Bachelor’s, Intermediate, etc.)
• certificates of experience, if any
• Permit or enrollment with a trade association or chamber, if applicable
• If the firm is already operational, a letter of endorsement from the relevant chamber, trade association, or union
  Statements of finances
• Plan of business
• bank statements for the last six months

Also, you need to have the following information on hand:

• Number for National Taxation
• The consumer ID found on your current residential power bill
• If applicable, the consumer ID from your current office address’s power bill
• Number plate of any car that is registered under your name
• Name, CNIC, and cell phone numbers of two references (who are not related by blood)
• Information on monthly earnings and expenses for the home, company, and other sources

How to Apply for PM Youth Loan Scheme 2024?

Here is a step-by-step guide on how to apply for the Prime Minister’s Youth Loan Scheme:

• Access the registration portal by clicking on this link. If the link does not work, you can manually type in the following URL in your browser: https://pmyp.gov.pk/bankform/newapplicantform.
• Click on the ‘Instructions’ button and carefully read each pointer to avoid any confusion.

Provide your CNIC number, the CNIC issue date, and select a tier based on your loan requirements:
– Tier 1: A loan of up to PKR 5 lakh with 0% markup
– Tier 2: A loan of up to PKR 15 lakh with a 5% markup
– Tier 3: A loan of up to PKR 75 lakh with a 7% markup

• Press enter to be redirected to the application form.
• The application form is divided into multiple sections. Begin with Section A: Initial Selection and fill in the relevant fields to the best of your ability. Please note that fields marked with an asterisk (*) are mandatory and must be filled.
• Once you have completed all nine sections, provide the details of your chosen references in the appropriate fields. This includes their names, your relationship to them, their CNIC numbers, and their mobile numbers.
• Towards the end of the form, you will come across a Declaration Form. It is crucial to thoroughly review your application at least twice before signing the last section.
• Please follow these steps carefully to ensure a successful application for the PM’s Youth Loan Scheme.

PM Youth Loan Scheme 2024 pdf