BOK
Prime Minister Youth Business & Agriculture Loan Scheme (SME & Agriculture)
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Introducing the Prime Minister Youth Business & Agriculture Loan Scheme (SME & Agriculture), an initiative that provides financing upto Rs. 7.5 Million for new business or expansion of existing business on flexible repayment options.
| Purpose: | For new business or expansion of existing business |
| Eligibility: | All men/women entrepreneurial skills |
| Age Limit: | From 21 to 45 years - for IT sector 18 to 45 years |
| Financing & Mark-Up | Tier II – from Rs. 0.5 Million to Rs. 1.5 Million @ 5% p.a. Tier III – from Rs. 1.5 Million to Rs. 7.5 Million @ 7% p.a. |
| Tenor: | Upto 8 years, including 1 year grace period |
| Other Features: | - 25% loans reserved for women - Quick processing - Minimum documentation - Loan repayment on easy installments |
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