Search for:
Search for:

Overview – PMYB&ALS

The Prime Minister’s Youth Business & Agriculture Loan Scheme (PMYB&ALS) is an initiative by the Government of Pakistan aimed at promoting financial inclusion and economic empowerment among the youth.
Formerly known as PMKJ-YES, the scheme has been revamped to include interest-free microloans and agriculture-focused financing, offering expanded opportunities for small businesses and agri-entrepreneurs.

This government-backed loan program empowers individuals and SMEs to achieve sustainable growth and pursue long-term success across various sectors—particularly in agriculture and rural development.

The scheme has the following benefits:

i. Subsidized markup rates

Loan Type Loan Amount (PKR Million) Obligor Pricing (% p.a.) Loan Tenor
Tier I (T1) Up to Rs. 0.5 million 0% Up to 3 years
Tier II (T2) Above Rs. 0.5 million and up to Rs. 1.5 million 5% Working Capital Loans – Up to 5 yearsUp to 8 years for long-term/development loans with a maximum grace period of up to one year
Tier III (T3) Above Rs. 1.5 million and up to Rs. 7.5 million 7% Working Capital Loans – Up to 5 yearsUp to 8 years for long-term/development loans with a maximum grace period of up to one year

iii. Facility up to 08 years
iv. Repayment in monthly installments with a grace period option
v. Loan amount up to Rs. 7.5 million
vi. Quick processing in 45 days
vii. Facility available at all ABL branches
viii. Loan processing fee of Rs. 100/- only

  • Term Loan

  • Working Capital Loan

  • Leasing/Financing of Machinery and locally manufactured vehicles for commercial use. (Only one vehicle per borrower is allowed. A borrower in food franchise and distribution business may avail financing for more than one vehicle.)

  • For agriculture, production and development loans are eligible.

1. Age

  • Minimum: 21 Years

  • Maximum: 45 Years (with entrepreneurial potential)

  • For IT/E-Commerce related businesses, the lower age limit is 18 years

2. Business Type:

  • SMEs (startups and existing businesses) owned by youth as per the above-mentioned age brackets

  • For agriculture, farmers’ classification per SBP’s “Indicative Credit Limits & Eligible Items for Agriculture Financing 2020” will be applicable

Tier Loan Amount Security
T1 Up to Rs. 0.5 million Clean (secured only by personal guarantee of the borrower)
T2 Above Rs. 0.5 million and up to Rs. 1.5 million Clean (secured only by personal guarantee of the borrower)
T3 Above Rs. 1.5 million and up to Rs. 7.5 million Secured Loan

Equity

For New Businesses

  • T1 & T2 Loans – 90:10

  • T3 Loans – 80:20

For Existing Businesses

  • Nil for all tiers

  • Loan Application Form (English and Urdu)

  • Two recent passport-size photographs

  • Valid CNIC/SNIC of the obligor with NADRA Verisys or biometric verification

  • Feasibility Report

  • Financials of the business as per Bank’s Credit Policy

  • Clean E-CIB of the applicant/obligor with no current overdues or write-off history

  • Undertakings in compliance with SBP PRs

  • In case of collateral, proper valuation and formalities as per CP & CPM

  • Undertaking from obligor to avail facility from one bank only

  • Undertaking confirming not being a close relative of an ABL employee

  • Two References CNICs

  • Other Documents (if required):

    • Educational/Technical Certificates

    • Experience Certificates

    • Valid Driving License

    • Business License

    • NTN and Latest Tax Returns

    • Proof of other income sources

    • Legal Status Documents (for partnerships/companies)

    • Letter from Chamber/Trade Body/Association

    • Bank Statement

    • Utility Bills Copy

  • Any other document as required by the approving hierarchy

This site is registered on wpml.org as a development site.