Prime Minister’s ‘Youth Business Loan’, for young entrepreneurs between the age group of 21 – 45 years, is designed to provide subsidised financing at 8.0% mark-up per annum for one hundred thousand (100,000) beneficiaries, through designated financial institutions, initially through National Bank of Pakistan (NBP) and First Women Bank Ltd. (FWBL). Small business loan with tenure up to 8 years, with first year grace period, and a debt : equity of 90 : 10 will be disbursed to SME beneficiaries across Pakistan, covering; Punjab, Sindh, Khyber Pakhtunkhwa, Balochistan, Gilgit Baltistan, Azad Jammu & Kashmir and Federally Administered Tribal Areas (FATA). It has a 50% quota for women and 5% quota for families of Shaheeds, Widows and Disabled persons.
Ministry of Industries & Production (MoIP)is playing a key role in Prime Minister’s Youth Business Loan scheme in vigorous methods. MoIP has also created different pre-feasibility reports related to Industries and Production. Youth who want to avail the business loan opportunity are encouraged through different creativities like Seminars, Conferences, Workshops, Video trainings and media campaigns. Ministry of Industries & Production will keep on supporting Prime Minister’s initiative for greater good of Pakistan.
