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

IMG 20230709 063645 11zon

What is Auto insurance and Types of Auto insurance

Auto insurance Commercial auto insurance Commercial auto insurance covers all these things.Business auto insurance/vehicle insurance/ …

IMG 20230707 062306 11zon

What is Insurance and Benefits of Insurance

What is business insurance? Just as we take out insurance to protect our family, so …

Leave a Reply

Your email address will not be published.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