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.
Download form for PM Youth Business Loans from above link.
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.
Note: The application form will be available on December 2, 2013.