20230125 000515

Prime Minister youth business loan 2023

Prime Minister youth business loan

The Prime Minister’s Youth Business Loan (PMYBL) is a government initiative that provides financial assistance to young entrepreneurs between the ages of 18 and 45. The loan provides up to Rs 2 million in funding for new business ventures for youth.

PM Nawaz sharif Youth Business Laon

The loan can be used for purchasing raw materials, capital equipment, machinery, and other business-related expenses. The loan is offered with a repayment period of 8 years, at a fixed interest rate of 8%. The loan also includes a 1-year grace period and a 1-year moratorium period. To be eligible for the PMYBL, applicants must have a valid CNIC and must demonstrate the capacity to repay the loan.

apply now

Prime Minister’s Youth Business Loan 2023

The Prime Minister’s Youth Business Loan (PMYBL) is a government initiative to provide financial assistance to youth entrepreneurs between the ages of 18 and 45. The loan provides up to Rs 2 million in funding for new business ventures. It offers a repayment period of 8 years, a fixed interest rate of 8%, a 1-year grace period, and a 1-year moratorium period.

20230125 000515

Eligibility Criteria

To be eligible for the PMYBL, applicants must have a valid CNIC and must demonstrate the capacity to repay the loan. The PMYBL offers a number of benefits to young entrepreneurs. It provides access to capital for business start-ups, enabling them to grow their businesses.

The loan also provides a cheaper source of credit than private lenders and can help reduce the burden of debt on young entrepreneurs. Additionally, the loan also provides a secured business environment and a flexible repayment structure.

Check Also

Ehsaas Ration Program

New Registration For Ehsaas Ration Program 2023 How To Apply

Ehsaas Rashan Portal Scheme 2023 Ehsaas Ration Portal Registration 2023 Ehsaas Ration Portal is a …

hamqadam program online registration

Ehsaas Sarparast Program | CM punjab ehsaas program

Ehsaas Sarparast Program The Punjab Government, under the leadership of Chief Minister Usman Bazdar, has …

Leave a Reply

Your email address will not be published. Required fields are marked *