The Prime Minister of Pakistan has launched a PM Youth Loan Scheme for unemployed people. Under this scheme, men and women between 18 and 45 years old have been given Rs. You can get an interest-free loan up to Rs.500,000, and you have to pay back this amount of five lakh rupees to the government of Pakistan within five years. The most important thing here is that you should not pay any installments for the first six months.
After six months, you have to start giving it and the installment is not too much, about 8500 rupees per month will be your installment. What are the requirements of this loan scheme? Read this article to learn the complete procedure for applying.
PM Youth Loan Scheme
The complete details of the Prime Minister’s Business Loan Scheme 2024 have been released, friends, if you want to get a loan in 2024 to start your own business under the Prime Minister’s Business Loan Scheme, then you have a golden opportunity.
PM Youth Loan Scheme Update
Friends who applied under the Prime Minister Business Loan Scheme, about 2 lakh 11674 loans have been approved. Your loan has been approved or not. How can you check online at home? Tell me the complete information. If you have been approved for a loan, you can contact your bank and get your loan.
PM youth loan scheme eligibility
First of all, friends, we are talking about if you want to get a loan under the Prime Minister Business Loan Scheme in 2024, on which rules you will be given a loan.
- About 15 commercial and Islamic banks are providing loans under the PM youth loan scheme.
- At present, friends, the age limit is from 21 to 45 years, if you are between 21 to 45 years, then you can apply for this loan program.
- Friends if you have a child or brother who wants to start an IT/ E-Commerce related business then the minimum age should be 18 years and max. If your age should be up to 45 years, then you can apply for a loan.
PM Youth Loan Scheme Total Tier
Now let’s talk about the loan, and how much loan you can get:
- Tier 1: Friends, remember here that if you want to get a loan without any interest, then you will get a loan of only five lakh rupees.
- Tier 2: If you want to get a loan between five lakh rupees to 15 lakh rupees, then you have to pay a fixed rate of five percent per annum and you have to pay interest.
- Tier 3: If you want to get a loan from 15 lakh rupees to 75 lakh rupees, then friends you have to pay a fixed annual interest of up to seven percent on top of that and interest must also be charged.
Prime Minister Youth Loan Scheme 2024 Online Apply
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PM Youth Loan Scheme Application Form
- First, you have to open the application form
- After opening the application form, a box will appear in front of you in which you have to fill in the information
- In the first box, you have to enter your CNIC number
- In the second box, you have to fill in the issue date of your CNIC number
- In the third box, you have to select the loan TR that you want
- After filling in all the information mentioned above, you have to click on the enter button
When you press the enter button, another form will open in front of you in which you have to enter information about yourself and your family and about your business. After filling in all this information, you submit. Click on the button and your registration will be submitted.
Banks:
Prime Minister Youth Loan Scheme Application Status Check
Have you already submitted your registration in the Prime Minister Youth Loan Scheme, now you want to check your registration status online, then follow all the steps given below, after following my steps, you will be able to check your registration status sitting at home:
- You have to visit the Prime Minister Youth Program portal or click on this link – TraceApplication
- After opening the portal you have to fill in some information that you submitted at the time of registration
- In the second box, you have to enter your phone number
- In the third box, you have to enter the issue date of your CNIC number
- In the last box, you have to put the current date
Conclusion
In this article you have been provided with complete information related to the Prime Minister Youth Loan Scheme, how to apply, what is the eligibility criteria, how to register, how to check the registration, how to use the complete information, and what to expect. You will like this article if you like this article share it with your family members and friends.