The youth program was launched by the Government of Pakistan from 2013 to 2018. This plan has many options such as:
- PM scheme of an interest-free loan
- PM scheme of Youth skills development
- PM scheme of Youth business loan
- PM scheme of Youth training etc.
Until now, 10000 people, including women and men, across the country will benefit from this scheme.
Documents required:
- Passport size CNIC photo (front and back)
- Completion degree/certificate (if applicable)
- Professional certificate (if applicable)
- Chamber of Commerce or Trade Licensing/Registration Certificate (if applicable)
Required information:
- National Consumer Identification number for your current address’s electric bill Consumer ID for your current address bill Electricity (If Applicable)
- Enter the registration number of a vehicle registered in your name (if applicable).
- The name, CNIC, and phone number of the two parents
- Estimates of monthly business income, operating expenses, household expenses, and other income (for new businesses).
- Monthly business income, operating expenses, household expenses, and other income (for existing businesses)
| Scheme | Description |
| Interest-free loan scheme | Offers loans up to Rs. 50,000. |
| Skills development scheme | Provides skill enhancement programs. |
| Business loan scheme | Supports young entrepreneurs. |
| Training scheme | Offers various training opportunities. |
Apply for the scheme 2024
Applicants can apply for a loan of Rs. 7-50 lakh under the Prime Minister Youth Business and Agriculture Loan Scheme. If you don’t understand what to do, you can get all the information by visiting the Prime Youth loan program’s official website. After visiting the website, you need to click on the register button, all registration steps will be explained to you.
Conclusion
The program started in 2019 and has continued until now. Young Pakistanis will apply for this loan. This loan is designed to help students study and develop their businesses. These loans are interest-free. Young people can pay this price by making smart payments. Many people applied for and used this loan. This is a great step by the government of Pakistan to reduce unemployment.
Also Read: KPK Ramadan Assistance Program Payment 10000 Rupees Eligibility Criteria and Registration Process
FAQs
When did the program start?
The program started in 2019 for the first time.
What is the amount of the loan?
The government announced interest-free loans of up to Rs.50000.
