Kworld trend / pmyp.gov.pk loan
pmyp.gov.pk loan
PMYB&ALS promotes entrepreneurship among youth by providing business loans on simple terms and with less markup through 15 Commercial, Islamic, and SME banks.
All Pakistani residents, aged between 21 and 45 years with entrepreneurial potential are eligible to apply for the loan. For IT/ E-Commerce related businesses, the lower age limit is 18 years. Applications have to be submitted online only through our website.
Loans provided under PMYB&ALS are segregated into 3 tiers.
How to apply to pmyp loan
TO Those applicants Of the previous phase Of the loan scheme. It is informed that under the previous phase of the loan scheme, your loan application could not be processed since the scheme was under review to make it more customer friendly. The Government of Pakistan has not launched Prime Minister’s Youth Business & Agriculture Loan Scheme which also provides interest-free loans. Therefore, strongly encouraged you to re-apply through tilling prescribed online form now available at PM Your Program portal https:/lpmyp.gov.pkl After that, your application shall be processed on first priority.
- It is mandatory to fill the required information in all sections with a * mark.
- You can submit your suggestions/feedback/ complaints regarding the (PMYB&ALS) at Citizen Portal App.
- Please ensure to fill in the required fields of Applicant’s CNIC Number, CNIC Issue date, and DOB correctly as they will be verified by Nadra.
INSTRUCTIONS
Dear Applicant
You must have scanned copies / clear visible pictures of the following documents ready before you start your application:
- Passport Size Picture
- CNIC – Front Side
- CNIC – Back Side
- 4. Latest Educational degree/certificate, if and whichever is applicable: Matric, Intermediate, Bachelor, Masters, Ph.D. etc.
- Experience certificate(s), if applicable
- License / Registration with Chamber or Trade Body, if applicable
- Recommendation Letter from respective chamber/trade body or Union, this is mandatory in case of existing business. You must have the following information handy before you start your application:
- National Tax Number, in case you don’t have one please register at https://fbr.gov.pk/categ/register-income-tax/51147/30846/71148
- Consumer ID of Electricity bill of your current address. (NITB to link the image of where consumer ID is written on electricity bill)
- Consumer ID of the Electricity bill of your current office address, if applicable. pmyp.gov.pk loan
- Complete the Registration number of any vehicle registered in your name, if applicable.
- Name, CNIC, and Mobile numbers of Two References other than Blood relatives.
- An estimate of Monthly business income, business expenses, household expenses, and other income should be available with you in case of new business while in case of existing business please provide actual Monthly business income, business expenses, household expenses, and other income if any details.
Please Note:
- Please sign up to submit an application.
- You must have a mobile number registered in your name to start this application on which Bank shall communicate with you.
- This application shall take at least 15 minutes to complete subject to the availability of the above-listed information.
- You may complete the form in one go or save a draft for submission later on.
- Please upload as much information as you have e.g. Financial Statements, Business Feasibility, Last 6 months’ Bank statements, etc. This shall help to better evaluate your application.
- Once the form is submitted, your application registration number shall appear on the screen and you will also receive an SMS stating the same, please keep it safe.
- You will receive an SMS once your application moves to the next stage of the process, however, you may check your submitted application status on this website as well.
