Prime Minister Nawaz Sharif has launched the 2013 “youth business loan” to young entrepreneur to initiate their own business, the small business loan scheme will provide loan to the employ especially educated and business enterprises. All Pakistani young men and women aged between 21 and 45 with entrepreneurial potential will be eligible for this loan scheme with 50% percentage for only women.
Prime minister provide the business loan for young entrepreneur between the age group of 21 – 45 years, small business loan with tenure up to 8 years with first year grace period.
SMEDA has been tasked with an advisory role in the implementation of PM scheme by providing more than fifty updates pre feasibility for refreshing by loan.
Guideline For Prospective Loan Application:
Bank without any notification to applicant, cannot with draw the loan money from any account of the person.
Bank statement 1.5% of the demanded loan in the form of bank statement for PM youth loan scheme application.
Govt employment 15th or upper grade for security of your application.
SMEDA has been taken the initiative of developing pre- feasibility studies in 8 sectors and as per director of the prime minister has made them available for the loan beneficiary through SMEDA websites.
They provide a general understanding of the proposed business and are structured like a business plan.
How to get loan?
Your age must be in between 21 and 45
You must be a Pakistani citizen
You must have a valid CNIC.