Prime Minister Youth Loan Scheme 2023 Online Registration

Prime Minister’s Youth Program

Prime Minister Youth Loan Scheme – The Prime Minister’s Youth Program in Pakistan started in 2013 with Mr. Nawaz Sharif as the Prime Minister. Its main goal was to help young people in Pakistan get better opportunities. This program had different plans to support young people.

One big part of the program was the interest-free loan scheme. It gave young people loans without any extra money added, which made it easier for them to start their own businesses and be financially independent. Another important part was the Youth Business Loan, which gave money to young people with business ideas to start their own businesses.

The program also focused on education. It provided laptops to students so they could use technology for learning. It also had a loan scheme to help students from areas that didn’t have many resources. This made it easier for them to pay for their education and use digital tools for learning.

In 2019, the PTI government continued this program by starting the Kamyab Jawan loan scheme. This was part of the Prime Minister’s Youth Program and aimed to give money to young people who wanted to start or grow their businesses. It was a big step in helping young people become entrepreneurs.

The program actually started in 2014 when Mariam Nawaz was in charge of the PM Nojawan program. During the 2013-2018 period when the PML N government was in power, they allocated a lot of money, 20 billion PKR, for this program.

Overall, the Prime Minister’s Youth Program is a way to help Pakistan’s young people. It gave them opportunities to start businesses, get a good education, and become successful in life. It was meant to make Pakistan’s future brighter by empowering its youth.

Prime Minister Youth Loan Scheme 2023 Online Registration

Main Features of the Prime Minister Youth Loan Scheme

The Prime Minister’s Youth Loan Scheme is a program in Pakistan that helps young people start their own businesses by providing them with loans. Here are the important details about this scheme:

  • Loan Amount: Under this scheme, young individuals can borrow from Rs. 0.5 million to Rs. 2 million. This money can be used to start or expand their businesses.
  • Low Interest Rate: The interest rate on these loans is only 8%. This means that when you pay the money back, you don’t have to give a lot of extra money as interest.
  • Loan Distributors: The loans are given out by two banks: the National Bank of Pakistan (NBP) and the First Women Bank (FWB).
  • Number of Loans: A total of 100,000 loans are available through this scheme, so many young people can benefit from it.
  • Eligibility: Any Pakistani citizen between the ages of 21 and 40 can apply for these loans. Even if you have a basic education (at least up to the Middle level), you can still apply.
  • Project Feasibility: If you want a loan, you need to show that your business idea can work. This means you have to submit a plan that explains how you will use the loan money.
  • Guarantee: You need one person to vouch for you and promise that you will pay the loan back.
  • Seed Money: You must have 10% of the loan amount as your own money to start your project. This shows your commitment.
  • Quick Approval: Your loan application can be approved within 15 days, which is quite fast.
  • Merit-Based: The loans are given out fairly based on merit, meaning that deserving individuals get the loans.
  • Gender Equality: Half of the loans, which is 50%, are reserved for women. This encourages women to start their own businesses.
  • Loan Repayment: You have seven years to repay the loan, and you’ll pay it back in monthly installments.
  • Government Support: To reduce the risk, the government will share 50% of the losses, but this is limited to a maximum of 10% of the loan amount. This means you won’t have to bear the entire burden if something goes wrong.

Also check: Prime Minister Youth Business Loan Scheme 2023 Apply Online

Banks Partnered with Prime Minister Youth Loan Program

The Kamyab Nojawan program in Pakistan is working together with different banks and financial institutions to support the country’s young generation. This partnership aims to offer important assistance to young people. Let’s take a closer look at the banks that are part of this program:

  • National Bank of Pakistan (NBP): NBP is a major bank in the Kamyab Nojawan program. It plays a big role in making it easier for young people to get financial help.
  • Bank of Khyber (BOK): BOK is another bank in the program. It provides its services to help young individuals achieve their dreams of starting their own businesses.
  • Bank of Punjab (BOP): BOP helps the Kamyab Nojawan program by giving loans and financial advice to eligible applicants.
  • Zarai Taraqiati Bank Limited (ZTBL): ZTBL is an important partner, especially for young farmers and entrepreneurs in the agriculture sector.
  • Habib Bank Limited (HBL): HBL’s involvement in the program helps young people who want to start or expand their businesses by filling in financial gaps.
  • Meezan Bank Limited (MBL): MBL joins the effort by providing financial solutions that follow Sharia guidelines to support young entrepreneurs.
  • JS Bank Limited (JSBL): JSBL plays a crucial role in making financial resources more available to young people as part of the Kamyab Nojawan program.
  • Faysal Bank Limited (FBL): FBL is dedicated to helping young individuals through this program, offering financial aid and advice.
  • Askari Bank Limited (ABL): ABL helps the program succeed by providing loans and financial expertise to young applicants.
  • Allied Bank Limited (ABL): ABL actively participates in helping young people achieve their dreams by offering loans and financial services through various program schemes.

These banks work together to provide loans to young individuals who are eligible for the program’s Youth Entrepreneurship Scheme and the Green Youth Movement. These loans have lower interest rates and flexible repayment terms, making it easier for young people to start new businesses or expand existing ones.

Also check: PMYBL Application Form Download PDF 2023 – Online Apply

Prime Minister Youth Loan Scheme Online Apply

Are you a young person looking for money to help make your dreams come true? The Prime Minister’s Youth Loan Scheme might be what you need. Let’s go through the steps to apply in an easy way.

Prime Minister Youth Loan Scheme 2023 Online Registration

Go to the Official Website

  • Start by visiting the official website of the Prime Minister’s Youth Loan Scheme. There, you’ll find everything you need to apply.

Check Your Details

  • Before you fill out the application, make sure you have your ID card details ready. You’ll need your CNIC number, date of birth, and the date your ID card was given to you.

Find the Application Form

  • On the website, look for the application form for the Kamyab Jawan Scholarship. This is the form you need to complete to ask for the loan.

Fill in the Form

  • Take your time to fill in the application form carefully. Be sure all the information you provide is correct. Mistakes can slow things down.

Send Your Application

  • Once you’re sure your form is right, send it through the official website. Follow any instructions they give you for sending it.

Wait for a Reply

  • After you send your application, you’ll need to wait. It might take some time for them to review it. Keep an eye on your email or the official website to see if they update you on your application.

Stay Updated

  • While you’re waiting, stay informed about anything else they might need from you. This will help make the process go faster and make sure your application is complete.

In the end, applying for the Prime Minister’s Youth Loan is a great chance for young people with big dreams. By following these easy steps and staying informed during the process, you can improve your chances of getting the financial help you need to chase your goals. Don’t wait – take that first step toward a brighter future today!

Note: Please note that all the information provided in this post is obtained from official sources and other reliable resources. It is advised not to share your ID card number or mobile phone number here. Thank you for your understanding. We are solely focused on sharing information on

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