FAQ Hub – PM Youth Business & Agriculture Loan Scheme (PMYB&ALS)
The PM Youth Business & Agriculture Loan Scheme (PMYB&ALS) is a government initiative offering financial support to aspiring entrepreneurs and farmers across Pakistan. Here is a comprehensive FAQ Hub addressing the most common questions related to eligibility, application, tracking, repayment, and other areas.
Eligibility Criteria
Q1: Who can apply for the PM Youth Business & Agriculture Loan Scheme?
Pakistani citizens aged between 21 and 45 years with a valid CNIC can apply. For IT and E-Commerce related businesses, the lower age limit is 18 years. Applicants must have a business plan and no criminal record.
Q2: Is there a gender preference in the scheme?
No. The scheme is open to all genders. However, a special focus is placed on encouraging women entrepreneurs, with 25% of the loans reserved for female applicants.
Q3: Can students apply for the loan?
Yes, students can apply if they meet the age and business requirements. A viable business plan is mandatory.
Loan Tiers & Financing Details
Q4: What are the different tiers in PMYB&ALS?
- Tier 1: Up to PKR 0.5 million (interest-free)
- Tier 2: Above PKR 0.5 million to PKR 1.5 million (5% markup)
- Tier 3: Above PKR 1.5 million to PKR 7.5 million (7% markup)
Q5: Can I apply for multiple tiers?
No, you can apply for one tier at a time. Applicants are advised to choose a tier based on their business need and capacity.
Q6: What is the repayment period?
Repayment tenure is between 1 to 8 years, with a grace period of up to 1 year depending on the bank and business nature.
Application Process
Q7: Where do I apply?
Apply online through the official PM Youth Portal: https://pmybals.pmyp.gov.pk/
Q8: What documents are required?
- CNIC
- Passport-size photo
- Educational certificates (if applicable)
- Business plan
- Experience certificates (if any)
- NTN certificate (for T2/T3)
Q9: Can I edit my application after submission?
No. Once submitted, the application cannot be edited. Ensure all information is accurate before submission.
Q10: How do I track my application?
Visit the same portal and click on “Track Application”. Enter your CNIC and tracking ID.
Documentation & Verification
Q11: Is a guarantor required?
For Tier 2 and Tier 3 loans, collateral or a guarantor may be required by the bank.
Q12: What if I don’t have a registered business?
You can apply with a new business idea. A strong, viable business plan is essential.
Q13: Do I need to submit a business feasibility report?
Yes, particularly for Tier 2 and Tier 3. The report should include business scope, revenue projections, and market analysis.
Loan Approval & Disbursement
Q14: How long does it take for loan approval?
Processing time varies but typically takes 30-60 days, depending on the bank and documentation.
Q15: How is the loan amount disbursed?
Funds are disbursed into the applicant’s bank account or directly to suppliers/vendors, based on the bank’s policy.
Q16: Can I apply again if rejected?
Yes, but only after addressing the issues in your previous application and waiting for a cooldown period (usually 6 months).
Technical Support & Contact
Q17: Is there a helpline?
Yes. You can call the PMYB&ALS Helpline: 051-111-111-678 or email: info@pmyp.gov.pk
Q18: Where can I get business plan templates?
Templates are available on the PM Youth Portal or at participating bank branches like NBP, BOK, and BOP.
Q19: Which banks are offering PM loans?
- National Bank of Pakistan (NBP)
- Bank of Punjab (BOP)
- Bank of Khyber (BOK)
Sector-Specific Questions
Q20: Can I apply for agricultural machinery under this scheme?
Yes, the scheme allows financing for agricultural inputs, tools, and machinery under Tier 2 and Tier 3.
Q21: Is livestock or dairy farming eligible?
Yes, livestock, poultry, and dairy farming are eligible sectors.
Q22: Is the scheme available in all provinces?
Yes, the scheme is available nationwide, including Punjab, Sindh, Balochistan, KPK, Gilgit Baltistan, and AJK.
Repayment & EMI
Q23: How do I pay my monthly installments?
EMIs can be paid through online banking, ATM transfers, or direct bank deposits.
Q24: What happens if I miss an installment?
Late payments may result in penalties and impact your credit history.
Q25: Can I pay off the loan early?
Yes. Early repayment is allowed without prepayment penalties in most cases.
