Scope & Eligibility:

• All citizens of Pakistan holding CNIC, aged between 21 and 45 years (18 for IT professionals having matriculation or equivalent education) with entrepreneurial potential are eligible.
  • Age limit is applicable on individuals and sole proprietors.
  • Other forms of business including partnerships and companies, only one of the owners, partners or directors must be in the age bracket prescribed above.
• Small and Medium Enterprises (startups and existing businesses) owned by youth as per above mentioned age brackets are also eligible.
• In case of agriculture, farmers’ classification as per SBP’s “Indicative Credit Limits & Eligible Items for Agriculture Financing 2020” will be applicable.

Offering:

• Long Term / Development Loans 
• Working Capital/Production Loans

Loan Tenor:

• For Long Term/ Development Loans: Upto 8 years (Grace period upto 1 Year)
• For Working Capital/ Production Loans: Upto 5 years (Option for Grace Period wherein only markup will be payable during first 2 years).

Limit Structure:

Gender Equality

• 25% of the loans will go to women borrowers.

Target Market (Geography/Sectors)

• All business segments/sectors spread across Pakistan, including Agriculture

Application Process

• Apply through PMYP Online Portal with an application processing TAT of 45 days.
  https://pmyp.gov.pk/bankform/NewApplicantForm 

-Terms and Conditions Apply.

Please note that regulatory TAT for processing of application is 45 Days and will be stated clearly in the application form as per IH&SMEFD Circular No. 12 of 2022.