National bank of Pakistan and First Women Bank has issued forms for PM Youth Business Loan.
, National bank of Pakistan and First Women Bank has issued forms for PM Youth Business Loan. Fill this application form and submit it to the respective bank. Banks will start receiving application forms from December 2, 2013.
You only have to submit Rs. 100 to the bank. There is no other amount to be given to the bank or to any other person. If any one demands money for giving you loan, call at 0800-77000 and inform about that person.
**** Instructons Regarding PM Youth Loan Scheme ****
Application form for Small Business Loan under PM Youth Program will have to be submitted to the banks nominated to issue the loans. Download the application for for Pm Youth Loan. The banks are going to start receiving forms from December 2, 2013.
PM Youth Small Business Loan is provided to start small business with a start up amount of 0.5 million to 2 million PKR to all Pakistanis. Women, disabled and minorities have special quota and are encouraged to apply or PM Youth Small Business Loans.
1st year of loan is financed as grace period and you will start paying back after 1 year of loan period. 8% interest rate is applied on the total amount of loan that will be provided.
What you need prior to apply:
>> Prepare all your documents including your CNIC, academic documents.
>> 2 personal guarantees including one Grade 17 officer’s guarantee is required for loans from Rs. 500,000 to Rs 749,999.
>> You will need to deposit or mortgage any thing equivalent to the loan amount exceeding the above said limit.