The Prime Minister Youth Loan Scheme Online Apply 2026, officially known as the Prime Minister’s Youth Business and Agriculture Loan Scheme (PMYB&ALS), is now active and open for applications across Pakistan. This flagship government program is designed to support young entrepreneurs and farmers by providing low interest and interest free loans to help them start or expand their businesses.
With a fully digital application process and multiple loan tiers, the scheme offers a real opportunity for youth, women, and small business owners to access affordable financing. In this complete guide, you will learn how to apply online, eligibility criteria, loan tiers, required documents, and key tips to get approved successfully.
What Is the Prime Minister Youth Loan Scheme
The Prime Minister’s Youth Business and Agriculture Loan Scheme is a federal government initiative launched to promote entrepreneurship, reduce unemployment, and support small and medium enterprises, including agriculture businesses.
Under this scheme, eligible applicants can obtain loans ranging from PKR 500,000 to PKR 7.5 million at highly subsidized markup rates, including a fully interest free option for small startups.
Latest Update: PM Youth Loan Scheme 2026 Is Active
According to the latest official information, the PM Youth Loan Scheme is fully active for 2026. New applications are being accepted nationwide through the official online portal.
WhatsApp ChannelThe government has confirmed:
- The application process is 100 percent online
- No physical forms are required at the initial stage
- NADRA-based CNIC verification is mandatory
- A small non-refundable processing fee of PKR 100 applies for verification
Applicants are advised to apply only through the official portal to avoid fraud.
How to Apply Online for Prime Minister Youth Loan Scheme
The application process is completely digital and user friendly.
Step 1: Visit the Official Portal
Go to the official website:
pmybals.pmyp.gov.pk
Step 2: Register Your CNIC
Enter your 13 digit CNIC number and CNIC issuance date.
Step 3: Select Loan Tier
Choose the loan tier that matches your business needs.
Step 4: Select Your Bank
Pick your preferred bank from the list of participating banks such as:
National Bank of Pakistan
Bank of Punjab
Allied Bank
Other partner banks
Step 5: Fill the Online Form
Enter your personal, business, and financial details carefully.
Upload digital copies of:
CNIC (front and back)
Recent passport size photograph
Step 6: Pay Processing Fee
A non refundable fee of PKR 100 is required for NADRA verification.
Step 7: Submit Application
Submit the form and wait for confirmation and further instructions from the selected bank.
Loan Tiers and Markup Rates (2026)
The scheme offers three flexible loan tiers:
| Tier | Loan Amount | Markup Rate | Repayment Period |
| Tier 1 | Up to PKR 0.5 Million | 0% (Interest-Free) | Up to 3 Years |
| Tier 2 | PKR 0.5M to 1.5 Million | 5% Fixed | Up to 8 Years |
| Tier 3 | PKR 1.5M to 7.5 Million | 7% Fixed | Up to 8 Years |
Applicants should select a tier based on realistic business needs and repayment capacity.
Eligibility Criteria for PM Youth Loan Scheme
To qualify for the Prime Minister Youth Loan Scheme 2026, applicants must meet the following conditions:
- Age: 21 to 45 years
For IT and e-commerce businesses, the minimum age is 18 years - Citizenship: Must be a Pakistani citizen with a valid CNIC
- Business Type:
New startups or existing small and medium enterprises, including agriculture - Gender:
Open to men, women, and transgender individuals
25 percent quota is reserved for women
Meeting the basic eligibility criteria does not guarantee approval. Final selection depends on verification and business feasibility.
Documents Required for Online Application
You will need the following documents in digital format.
- Scanned copy of CNIC (front and back)
- Recent passport size photograph
- Business feasibility report
- Proof of education or experience (if relevant to business)
- CNIC copies and contact numbers of two personal references
Processing Fee and NADRA Verification
A non-refundable processing fee of PKR 100 is required for NADRA verification. This fee is charged to confirm your identity and CNIC details.
Applications without successful NADRA verification are not processed further.
Important Tips for Successful Application
- Use a mobile number registered in your own CNIC
- Enter all information exactly as per NADRA records
- Upload clear and readable documents
- Choose a realistic loan amount
- Write a simple and practical business plan
- Check your email and SMS regularly for updates
What Happens After You Apply
After submission:
- Your application is verified through NADRA
- The selected bank reviews your profile and feasibility report
- Shortlisted applicants are contacted for further documentation or interview
- Final approval and loan disbursement are handled by the bank
The entire process may take several weeks depending on workload and verification timelines.
Final Thoughts
The Prime Minister Youth Loan Scheme Online Apply 2026 is a powerful opportunity for young Pakistanis to turn business ideas into reality with government-backed financial support. With interest-free and low-markup loan options, a transparent online system, and wide bank participation, this scheme is one of the best financing solutions for startups and small businesses in Pakistan.
If you meet the eligibility criteria, apply through the official portal, prepare a clear business plan, and submit accurate information to maximize your chances of approval.
FAQs
Is the PM Youth Loan Scheme application free
No. A small non-refundable processing fee of PKR 100 is required for NADRA verification.
Is the application process fully online
Yes. No physical forms are needed at the initial stage.
Can students apply for the scheme
Yes, if they meet the age and business eligibility criteria.
Is collateral required
Tier 1 loans are generally collateral-free. Higher tiers may require security depending on bank policy.
Can women apply
Yes. Women are strongly encouraged to apply, and 25 percent of the quota is reserved for them.
