Following documents are essential for the submission of application form for youth loan scheme:

1-Application Form
2-Copy of Computerized Identity Card Number (CNIC)
3-Feasibility Report/Business Plan
4-Educational / Experience Certificate (If any) It is not required if you are not educated.

The people not more than 45 years old can apply for this scheme. At early stages the age criteria was settled on 35 years but after a meeting chaired by Prime Minister the age limit was increased up to forty five years.

Loan will be given on the behalf of Prime Minister Youth Loan Scheme. Banks that will contract this scheme are First Women Bank limited (FWBL) and National Bank of Pakistan (NBP). Loan amount is ranging from 0.5 to 2 million. You can apply for any loan amount from the given range. 

Is there any priority for qualified person? 

There are some preferences for youth in loan scheme. Qualified, young and energetic persons will prefer but if you have strong and ideal business plan then you have also an extra edge. Your business plan should be unique technology related. I just want to say that “an idea can change your life” so think and plan well. If you are educated then it is a good point for you which will help you during selection process.

Is feasibility report essential to apply for loan? 

Feasibility report is required and per-requisite for applying loan. The sample of this type of report can be access from SMEDA. You must have a proper and fine plan for your business. You have to write a business based proposal.

Application should be based on a self-made idea for business along with the application. You have to just put your thoughts and idea and try to formulate your own business plan on simple work sheet. Self-prepare Business plan is essential for submission of application.

Most important points for business plan:

• Should be objective
• Should be perfect
• Must be clear and strong

The loans will be issued to those have business plan meets the standards set by SMEDA. The expert has issued more than 48 business sample plans to guide the public.

Loan Scheme is launch now. Click below to download application form, fill it and arrange the documents necessary for loan.

Application Form Available Here