The age limit of PM Youth Business Loans is 45 years. Earlier, it was set to 35 years but in a meeting chaired by Nawaz Sharif, the age limit was increased to 45 years. The loans will be provided to those who will show their willingness and a specific business plan to get loan approved by National Bank of Pakistan (NBP) or First Women Bank Limited (FWB Ltd.).
The loans amount is from Rs. 0.5 to 2 million PKR under Pm Youth Loan scheme. This is one of the six schemes started by Nawaz Sharif in September 2013. Those aged below 45 years are the ones who can get this amount to start any business.
The proffered ones, however, are the young candidates graduated from HEC recognized universities. These young people will be having good ideas and better options to run businesses in this era of modern technologies.