PM Yuva Loan Scheme Registration

PM Yuva Loan Scheme Registration

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PM Yuva Loan Scheme:

Former Prime Minister Nawaz Sharif launched the Pradhan Mantri Yuva Yojana in 2013, which aims to empower the young generation in our country by providing them with various opportunities for advancement.

PM Yuva Loan Scheme,

Under this project, many schemes are actively working to support the youth in Pakistan. One such scheme is the PM Yuva Loan Yojana, specifically designed to provide interest-free loans to young entrepreneurs wishing to start their ventures and in need of capital.

Eligibility Criteria to apply for PM Yuva Loan Scheme:

The PM Loan Scheme caters to the needs of individuals aged between 21 to 45 years and is available in three tiers, catering to business and agriculture purposes.

Eligibility Criteria to apply for PM Yuva Loan Yojana:

1. Pakistani citizens holding CNIC within the age range of 21 to 45 years are eligible to participate provided they have the capacity to start their own business.
2. For those interested in starting an IT or e-commerce business, individuals can be up to 18 years of age but must have completed at least matriculation or equivalent level of education. The age requirement applies to both individuals and business owners. In cases of partnerships or companies, at least one of the owners, partners or directors must fall within the specified age limit.
3. Young entrepreneurs in the mentioned age group can participate if they have small or medium sized startups or existing businesses.
4. In agriculture, the classification of farmers will be in line with the guidelines outlined in the document “Indicative Credit Limits and Eligible Commodities for Agricultural Financing 2020” provided by the State Bank of Pakistan.

Loan Level:

– Tier 1: Up to Rs 0.5 million
– Tier 2: Above Rs 0.5 million and up to Rs 1.5 million
– Tier 3: Above Rs 15 lakh and up to Rs 75 lakh

The requirements of the Prime Minister Youth Agriculture and Business Loan Scheme include:

1. Eligibility: Individuals falling within the age limit of 21 to 45 years, meeting the specified criteria for business or agriculture initiative.

2. Application Process: Applicants can visit the official website of Prime Minister Youth Program to apply online. Additionally, they can obtain application forms from designated branches of specific banks.

3. Fund Allocation: The Government of Pakistan has allocated Rs 30 billion to support approximately 40,000 eligible individuals seeking financial assistance for their business or agricultural enterprises.

4. Application Availability: Apart from online application, interested candidates can visit the branches of designated banks to collect the application form and apply for the Prime Minister Youth Agriculture and Business Loan Scheme.

It appears that there may be some confusion in the information provided. As per my last update in January 2022, the Prime Minister of Pakistan was Imran Khan, not Shehbaz Sharif. Additionally, initiatives such as the Youth Loan Scheme were originally launched during the tenure of former Prime Minister Nawaz Sharif.

Here’s a modified version considering the exact information:

The government of Prime Minister Imran Khan launched several initiatives aimed at empowering the youth of Pakistan. Youth Loan Scheme is one of the projects launched to provide financial assistance for both business and agriculture purposes. Individuals between the age of 21 to 45 years are eligible to apply for this loan scheme. The Government of Pakistan has allocated Rs 30 billion for this program to facilitate aspiring entrepreneurs and farmers in the country.