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Prime Minister’s Youth Business and Agriculture Finance Scheme (PMYB&ALS)
Affordable Working Capital and Term Financing facility for young entrepreneurs & SMEs to purchase inventory, machinery and locally manufactured vehicles for commercial use under Islamic modes.
| Eligibility |
- Open to all Pakistani citizens with a valid CNIC.
- Age: 21 to 45 years for most businesses; 18 years for IT/E-Commerce ventures.
- Applicable to individual and sole proprietors; for other business forms, at least one owner, partner, or director must be within the specified age range.
- Small and Medium Enterprises (startups and existing businesses) owned by youth within the specified age brackets are eligible.
- 25% of finances quota for women entrepreneurs
|
| Profit Rate |
- T2: 5.00% p.a
- T3: 7.00% p.a
|
| Size of Financing |
- Tier 2 (T2): Above Rs 0.5 million and upto Rs 1.5 million
- Tier 3 (T3): Above Rs 1.5 million and upto Rs 7.5 million
|
| Tenor |
- T2 and T3: Up to 8 years, including a grace period of up to one year.
- Working capital/production finance and Murabaha under T2 and T3 have a tenor of up to 5 years.
|
| Security |
- Only PG of the customer for Tier –II and tangible collateral as per Bank’s Policy for Tier –III
- HPA in case of financing commercial vehicle.
- PG of Proprietor/ Partners/ Directors along with PNWS
|
| Debt-Equity Ratio |
For new businesses:
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