Thu. Feb 29th, 2024
PM Youth Loan Scheme Online Registration New Update August 2023

Dear Youth of Pakistan,

Always bear in mind that you represent the future of our nation. The talents and virtues bestowed upon you by the Divine are plentiful. Employ these gifts for noble purposes, thereby contributing to the advancement of our beloved country. You hold the power to shape the destiny of our nation.

To harness your potential, the Prime Minister of Pakistan has initiated the Youth Loan program. This initiative aims to cultivate and amplify your abilities, enabling you to become the architects of progress and prosperity for Pakistan.

With unwavering dedication and responsible use of your talents, you have the potential to lead Pakistan towards a brighter and more prosperous future.

PM Youth Loan Scheme Online Registration New Update August 2023

PM Youth Loan Scheme Online Registration New Update August 2023

Championing youth affairs is a remarkable endeavor, as it involves catering to the needs of a substantial 68% of the population. Our foremost focus lies in ensuring comprehensive provisions across all domains for our young citizens. Through initiatives like the PM Laptop Scheme, the Loan Scheme, the Youth Development Center, and the National Youth Commission, we are dedicated to sculpting a promising future for you. Come join us in the journey towards a prosperous and joyful Pakistan, where success is abundant.

PM Youth Loan Scheme Online Registration New Update August 2023

PM Youth Loan Scheme Online Registration New Update August 2023

The Pakistani Government initiated the youth program between 2013 and 2018, encompassing several initiatives. These include the Prime Minister’s Interest-Free Loan Scheme, Youth Business Loan Scheme, Youth Training Scheme, Youth Skills Development Scheme, Laptop Provision Scheme, and Fee Reimbursement Scheme for Students from Less Developed Areas.

PM Youth Loan Scheme Online Registration New Update August 2023

 

Maryam Nawaz Sharif spearheaded the initiative with a commitment of twenty billion Pakistani rupees to be invested over a span of five years. On May 14, 2014, the government introduced a scheme offering interest-free loans of up to Rs. 50,000, benefiting 10,000 individuals nationwide. Notably, equal proportions of both men and women are set to receive this assistance.

Additionally, the PM Laptop Scheme is also open for applications.

Application for the Youth Loan Program is now available for the year 2023. We have streamlined the process to provide comprehensive details on how to apply for the loan. To apply for the Youth Loan Program 2023, please complete the provided application form.

PM Youth Loan Scheme Online Registration New Update August 2023

How to apply for pm youth loan new update

  • Documents required:
  • Passport size picture CNIC (front and back side)
  • Latest Educational degree/certificate (if applicable)
  • Experience certificate(s) (if applicable)
  • License/Registration with Chamber or Trade Body (if applicable)
  • Recommendation Letter from respective chamber/trade body or Union (if applicable)
  • Information required: National Tax Number Consumer ID of electricity bill of your current address Consumer ID of electricity bill of your current office address (if applicable)
  • 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 Estimate of monthly business income, business expenses, household expenses, and other income (for new business) Actual monthly business income, business expenses, household expenses, and other income (for existing business)

Other requirements:

  • Sign up to submit an application
  • Mobile number registered in your name
  • At least 15 minutes to complete the application form
  • Option to save a draft for submission later
  • Upload as much information as you have (e.g. Financial Statements, Business Feasibility, Last 6 months Bank statements)
  • The application registration number will appear on the screen and you will receive an SMS once the form is submitted.
  • SMS once your application moves to the next stage of the process
  • Check the application status on the official website.

Prime Minister Youth Loan Scheme 2023

Initiated in 2019 and ongoing through 20213, this initiative has been serving the youth of Pakistan by offering them a unique opportunity. Designed as a means to support both academic pursuits and entrepreneurial endeavors, the program provides interest-free loans. These loans aim to empower students, enabling them to further their studies and cultivate their businesses. The repayment process is flexible, allowing young individuals to settle the amount in manageable installments. Notably, during the challenging period of the COVID-19 pandemic in 2021, numerous applicants seized the benefits of this government initiative. Undoubtedly, this program stands as a commendable action taken by the government to uplift the nation’s youth.

PM Youth Loan Scheme Online Registration New Update August 2023

PM Youth Business Loan 2023 Loan Size

Prospective applicants have the opportunity to request a loan ranging from Rs. 500,000 to Rs. 7 million through the PM Youth Business and Agriculture Loan Scheme. In the event that an applicant requires guidance on the application process, they can access comprehensive information by visiting the official PM Youth business website. Once on the website, they should locate and click the registration button, which will lead them through a detailed explanation of the registration steps.

PM Youth Loan Scheme Online Registration New Update August 2023

Eligibility Criteria Youth Loan

Loan program (PMYB&ALS)

  • Any Pakistani, including (AJK & GB) National having CNIC or Form B with Age 18-45

National Innovation Award

  • Any Pakistani, including (AJK & GB) National having CNIC or Form B with Age 15-35

Talent Hunt Youth Sports League (THYSL)

  • Any Pakistani, including (AJK & GB) National having CNIC or Form B with Age: 15-25

Conclusion: 

This guide is tailored to individuals aspiring to secure a loan through the Ehsaas program, aiming to kickstart their entrepreneurial journey. It presents an excellent opportunity, especially beneficial for middle-class households. I trust that after perusing this piece, any concerns or hesitations you might have will be alleviated. Should you encounter any obstacles during your loan application, please don’t hesitate to reach out to our dedicated customer support. They are committed to providing effective solutions to any challenges you may face. Additionally, you can explore the Prime Minister’s Youth Business & Agriculture Loan Scheme for further options and information.

PM Youth Loan Scheme Online Registration New Update August 2023