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Prime Minister’s Youth Business & Agriculture Loan Scheme

Prime Minister’s Youth Business & Agriculture Loan Scheme (PMYB&ALS)

The Government of Pakistan in collaboration with SBP has launched a scheme named as Prime Minister’s Youth Business & Agriculture Loan Scheme (PMYB&ALS) for rural youth aged between 21-45 years to cater their term loan and working capital financing requirements in agriculture sector, on low mark-up rate to be subsidized by the Government of Pakistan with the objective of job creation in rural masses.

ZTBL, being participating Bank in the scheme, has developed its product, the key features of which are as under.


Operational Jurisdiction
The scheme will be applicable in all ZTBL branches located across the country.
Eligibility Criteria
  1. All citizens of Pakistan, aged between 21 and 45 years with entrepreneurial potential/engaged in agricultural/cottage activities are eligible.
  2. Customers may avail two loans (one short term & one long-term) within their MCL.
  3. No Govt. employee can avail of financing under this scheme.
  4. Defaulter of ZTBL or any other Financial Institution is not eligible for financing under the scheme.
  5. Only regular genuine borrowers will be provided the facility of enhancement of loan limit.
  6. A valid copy of CNIC.
  7. Clear e-CIB report from SBP.
  8. Obligors Risk Rating (ORR) up to 4.
Required Documents
  1. Loan Application on PM Youth Online Portal.
  2. Mechanism of application:
    1. PM House is the controlling agency under which National Information Technology Board (NITB) with the collaboration of NADRA has developed an online portal for applications under this scheme.
    2. The borrower will lodge application for Bank through PM Portal under Tier-3.
    3. Afterward, the application will be assigned to the relevant Bank for processing.
    4. Field functionaries will be responsible to guide people about the scheme and filling of application forms on online portal.
  3. Agri. Passbook/Fard Jamamadi/Alienability Certificate
  4. Recent Photographs (2)
  1. Maximum Loan Limit
  1. The per borrower/party loan limit for Production Loans under the scheme would be ranging from Rs. 1.500 million to Rs. 2.500 million.
  2. The per borrower/party loan limit for Development Loans under the scheme would be Rs. 1.500 million to Rs. 5.000 million.
Required Documents
  1. Loan Application on PM Youth Online Portal.
  2. Mechanism of application:
    1. PM House is the controlling agency under which the National Information Technology Board (NITB) with the collaboration of NADRA has developed an online portal for applications under this scheme.
    2. The borrower will lodge application for Bank through PM Portal under Tier-3.
    3. Afterward, the application will be assigned to the relevant Bank for processing.
    4. Field functionaries will be responsible to guide people about the scheme and filling of application forms on online portal.
  3. Agri. Passbook/Fard Jamamadi/Alienability Certificate
  4. Recent Photographs (2)
Maximum Loan Limit
  1. The per borrower/party loan limit for Production Loans under the scheme would be ranging from Rs. 1.500 million to Rs. 2.500 million.
  2. The per borrower/party loan limit for Development Loans under the scheme would be Rs. 1.500 million to Rs. 5.000 million.
Borrower’s Contribution 20% of the loan amount will be deposited by the borrower or will be invested towards the project.
Collateral Loan would be secured against all types of tangible properties/securities acceptable to the Bank. In case of non-availability of collateral with rural youth, their parents/family member’s property can be accepted as security by including them as co-applicant.
Cost of Credit L.A Fee @ Rs.100/- will be charged inclusive of NADRA online verification charges.
Monitoring Close monitoring of the scheme would be carried out by the respective Bank authorities, PMYP, SBP and other stakeholders.