How to apply for prime minister loan scheme 2013

How to apply for prime minister loan scheme 2013

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 Step by Step process to Apply for the Loan Scheme 2013.

1) Download the Application Form, Print it and Fill it. Download. or you can get it from Following Banks, There is no cost of application form.
National Bank of Pakistan (NBP)
First Women Bank (FWBL)

2) One personal guarantee required – No other security
Following individuals can provide guarantee for the loan applicants:
Government Servant of BPS 15 or above, OR
Any other individual having net worth of 1.5 times of the loan amount applied for.
Net worth is total assets (Moveable or immoveable) in the name of the individual minus any liabilities such as loans from banks or other individuals.
No, Blood Relatives’ guarantee is usually not acceptable to the Banks.

3) You are required for 10% of the loan amount as Borrowers Capital

4) If you are a bank defaulter, you are ineligible. You cannot apply for loan

5) Following documents are required along with loan application form.

prime minister youth loan scheme 2013 procedure

 

a) 1 Recent Passport size photograph of the applicant
b) Photocopy of Applicants CNIC
c) Photocopy of Guarantor’s CNIC
d) Basic Borrowers Fact Sheet (Part A of form)
e) Guarantor’s Information (Part B of form)
f) Copy of SMEDA Pre-feasibility Study or Applicant’s own prepared Business Plan / Feasibility / Project Proposal

pm youth loan

After Fulfilling All Above Requirements.

Submit Loan applications can be submitted in all branches of following banks

National Bank of Pakistan (NBP)

First Women Bank (FWBL)

Rs 100 has to be paid as processing charges to participating Banks at the time of form submission 15 days are required by participating banks to process the loan.

The bank will inform you about through letter / telephone call / SMS/email.TheSMS will come from PMYouthProg or 80028 PMO websitewww.pmo.gov.pk). Confirmation from any other number / source should not be relied upon.

Loan Amount is up to Rs. 20 Lack (Rs.100000/= – Rs. 20,00000/=) Maximum Loan under this scheme is Rs. 20 Lack.

Total No. of loans to be given are 100,000 for Year 2013-14

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After you Get Lone Start Working on your Business.

  • First Loan installment will be due after one year of loan disbursement
  • Sometimes businesses have problems. All loan beneficiaries are advised to give their best to make their business successful. It is also advisable to keep your banker informed of any problems, which may affect your ability to repay loan and seek technical guidance. SMEDA and the banks have been directed to put in place system of periodic guidance to the entrepreneurs in running their businesses successfully.
  • Mark-up Rate is 8% p.a.
  • The maximum tenor of the loan is 8 years, including 1 year’s grace period. The tenor will depend upon the nature of business, pattern of income and repayment capacity.

See Also:

37 COMMENTS

  1. aslam o alaikm mri taleem matric he or me business k lie loan lena chata hoon please muuhe loan dia jay ta k me apne waldeen ki kfalt kr sakkoon buhat mehrabani ho gi

  2. aslam o alikum

    Respected PM. This effort is really really admirable. i will suggest to all my brothers that who are still unemplyed to take benefit from this opportunity. This is a golden chance to get their destiny.

    Regards

    Aafandi Mirza

  3. all the best for the scheme
    a big initiative for further developmental schemes for Pakistan’s youth
    May Prime minister’s sincere efforts be successful and you get maximum results for betterment of youngster’s employment

  4. who is eligoible for 500000 loan and who is 2000000 loan???i got cnfused please help me out if anybody knows…….

  5. What’s the F*****k is this

    2) One personal guarantee required – No other security
    Following individuals can provide guarantee for the loan applicants:
    Government Servant of BPS 15 or above, OR
    Any other individual having net worth of 1.5 times of the loan amount applied for.
    Net worth is total assets (Moveable or immoveable) in the name of the individual minus any liabilities such as loans from banks or other individuals.
    No, Blood Relatives’ guarantee is usually not acceptable to the Banks.

    Bhaijaan kon maai ka laal hai jo ye waali guarantee laega???
    Agar koi bewaquf 15 ya us se upar ka Ch****tya phhans bhi bhi gaya to kya usey kuttey ne kaata hai ke apni Bank Statement show karega or 3 post dated cheques dega??

    Bhaiyon bura mat maana 100 Rs khrch karne se pehle ye zarur soch lena…..

    • ye sahe kaha bhai ne
      Aijaz Shahid (Inspector) FBR ap ki bt 1000% sahi ha
      agr sb kuch ho gya to end ma qura andazi ho gi……

      • read again with care!15 scale waale ne bank statement show nai krni!agar koi govt officer nai hai tu usne bank statement show krni hai!option hai betwen two!
        3 cheques waali baat kahan likhi hai? O.o

  6. i want to take loan for my business i want to open a store to facilitate my self plzzzz pay me or inform me via email

  7. Sir,
    It is stated that is there any possibility that we can get the loan with out mark_up.
    Regard Mujahid Islam

  8. I am not interesting in this program, because there is Mark-up of 8% in this program.which is not allowed in Islam.

  9. Ghareeb aadmi ko koi sath nh bithata us k lakhon k loan ki guarantee kon day ga? Is this a joke really? aaj kal k doar main bhai bhai ka nh aur upar say ap ghareeb hn to kaisay possible hy k koi third person ap ki guarantee lay ga?

    Nawaz sharib sb. ny kaha tha k nojwano ko rozgar dain gye nokrion k sorat main nh balkay karobar ki sorat main. Ab program aisa layain hain jissay daikh k lagta hy k ye to pehlay say experienced aur established logon k liye sirf bna hy. We are again left hopeless

    • ji bhai Wajid ye logon ko mazeed Loans me hasana chahtey hen ta k log in loans k neche hi dabe rahenye bht kameeny log hen r in se ziada kameeney hm awam hen jo aaj bhi in ko support de rahe hen

  10. there is attached a second page with form that is borrower’s information.. what does that mean? and how to make a feasibility application?

  11. 1: Tamam logon se guzarish hai k PM ka thanks krne ki zarorat nai hai Q k ye Loan wo apne zaati Account se nai de raha AWAM ke peseon me se hi de raha hai.

    2 : Loan k ley rules aise rakhey gaey hen k AAM aadmi to shayad kbhi b nai le sakey ga r khas aadmi b mushkil se hi le sake ga

  12. i appreciate but there is a guarantee problem.
    where can i find 15 grade officer or above
    i am from mid class family there is no 15 grade officer or above as guarantee.
    what should me do
    i have ha better plan for KAROBAR I need some money , i have a better way to spent and earn , and loan refund plan so please advise me,
    thanks

  13. salam me business k lie loan lena chata hoon please muuhe loan dia jay ta k me apne waldeen ki kfalt kr sakkoon buhat mehrabani ho gi

  14. Blank cheques saga bap b nai dy ga kisi ko. Bhot fraud hy ye program. Berozgar ki guarantee koi nai dta ye cheques ki bt krte hn

  15. All these brothers who say thanks to PM ,, Plz its my humbly request to all of u,if anyone of u get this loan plz mention here because i am very crazy about this stupid scheme…… PM make u fool .
    Loan will be given through Draw (Qurrodazi) . U people are not so lucky that u will be slected from 18 crore. If anyone who have any reference with MPA,MNA he can avail this oppurnity otherwise don’t waste ur time …..

    thanks

  16. yar agr kisi ne form deka hai to is jo ha. A- borrowers basic fact sheet-for individuals

    first reference information name adress etc
    Second Reference information. name cnic adress etc

    is mein kya kya lkna hai plz someone guide me.

  17. PM saib aslam alakum nice sceam.
    1)Interest not allowed in Islam
    2)Gurantie kon la ga humre
    3)03 blan check kon da ge poor man kelaye
    4)Qurandazi Q requerment of the man Q nahi.
    5)why 15grad officer gurante of poor man.
    Ye tamam rule rahe AAM aadmi tu kia khas aadmi b muskhil se he loan laga.

    I also

    need loan for some busnis but with thise problume what will be i DO.

  18. yes , its reality that , this scheme is not prefer to any person ,because its rules are very strict sooo my appeal is , please mian sahib , you should consontrate on its terms and conditions ,so that , for the people ,your people , for us ,for poors people

  19. mushkil sy 17 scale ka guarentor mila jab form submit karwae to unhon ny kaha N.B.P ky govt servent ki guarenty nahi chalti.P.M sahb mehrbani karain

  20. Dear Sir,

    While going through the loan scheme details two most important aspects have not been devised.
    The first is Job Creation
    Second it has not discouraged the people already running business and looking for working capital.
    Both the aspects would foil all attempts to brig in the youth and deserving candidates for taking the advantage.
    The experience of working with an established business house or the technical knowledge should be given advantage.
    This loan should benefit new business rather than providing working capital of existing business houses

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