Last Updated on January 25, 2023 by Galaxy World
The PM of Pakistan, Mr. Shahbaz Sharif has inaugurated the Prime Minister Youth Loan Scheme 2023 for Business and Agriculture purposes. The main target of this interest-free and with-interest loan scheme is to make the youth employed and prosperous.
Apply Online Prime Minister Youth Loan Scheme 2023
As per this new Prime Minister Loan Scheme, the youth of Pakistan may get up to 7.5 Million (75 Lacs) loan amount in easy steps. They can grow their business as well as agricultural development.
Eligibility Criteria for Loan
- All males and females between the age of 21 years to 45 years, Special persons (Disabled), and Transgender
- For IT Business age limit is 18 years instead of 21 years.
- The government has fixed 25% Loan for women
Table of Prime Minister Youth Loan Amount and Interest
|Sr. No||Tier||Limit of Loan||Interest Rate|
|1||T-1||Upto 5 Lac (0.5 million)||Interest-Free|
|2||T-2||5 lac to 15 Lac (0.5 million to 1.5 million)||5%|
|3||T-3||15 lac to 75 Lac (1.5 million to 7.5 million)||7%|
Procedure to Apply Online
The willing young male and females can apply online for this youth loan scheme of the Prime Minister of Pakistan.
Data Required to Fill:
- Organization Name
- Legal Status
- Name of Authority
- CEO/Head/ Executive Director
- Number of Board Members
- Website URL
- Number of Team Members
- Twitter URL
- LinkedIn URL
- Facebook URL
- Instagram URL
- Mobile Number
- Office Contact
- Focus Area
- Office Address
This loan opportunity for the young people of Pakistan is very useful. Many young people are unable to start their businesses due to a lack of money. If they get this loan amount they can start their business. This way, they can make a part to grow the economy of Pakistan. There is a great scope for investment in the IT field. Before this, there was also a launch of the Kamyab Jawan Loan Scheme for the youth of people.