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Overview – PMYB & AFS

The Government of Pakistan, in collaboration with the State Bank of Pakistan (SBP), has introduced the PM Youth Business & Agriculture Finance Scheme (PMYB & AFS). The primary objective of this initiative is to create self-employment opportunities for individuals with entrepreneurial potential. The scheme offers several key benefits including subsidized profit/rental rates and long-term repayment tenors.

1. Subsidized Rates

Enjoy reduced profit rates for accessible and affordable financing.

2. Types of Financing Available

  • Term Finance

  • Working Capital Finance

  • Leasing (Ijarah) for locally manufactured (new or used) vehicles intended for commercial use

3. Financing Tiers

Tier Finance Amount (PKR Million) Customer Pricing (% p.a.)
Tier II 0.5 to 1.5 5%
Tier III 1.5 to 7.5 7%

4. Eligibility Criteria

a. Age:

  • Minimum: 21 years

  • Maximum: 45 years

  • For IT/E-Commerce businesses: Minimum age is 18 years

b. Business Type:

  • Applicable for agriculture businesses and SMEs (startups or existing businesses)

5. Tenor

  • Up to 8 years for long-term/development finance (with max 1-year grace period)

  • Up to 5 years for working capital/production finance and Murabaha under Tiers II & III

6. Repayment Frequency

  • Equal monthly or quarterly installments

7. Equity Contribution

Category T II T III
New Business 90:10 80:20
Existing Business Nil for all tiers

8. Quick Processing

Loan processing within 45 days

9. Branch Availability

Facility available at all ABL Islamic Banking branches

10. Processing Fee

Only PKR 100/-

General Requirements:

  • Financing Application Form (English and Urdu)

  • Two recent passport-size photographs

  • Valid CNIC/SNIC + NADRA Verisys or biometric verification as per SBP AML/KYC/CFT guidelines

  • Feasibility Report Assessment Sheet (where applicable)

  • Business financials as per bank’s credit policy

  • Clean e-CIB (no current overdue/write-off history)

  • Relevant SBP PR-compliant undertakings

  • Property valuation/collateral documentation (if applicable)

  • Undertaking: single-bank facility only, not a guarantor for others

  • Declaration of non-relation to ABL employees

  • Clean SME exposure declaration

  • Two references with CNICs

Additional (Where Required):

  • Educational/Technical diplomas or experience certificates

  • Valid driving license (self or authorized driver)

  • Business operation license

  • NTN & latest tax return

  • Proof of other income sources

  • Legal status documents (for partnerships/companies)

  • Letter from Chamber / Trade Union / Association

  • Utility bill copies

  • Bank account statements (minimum 3 months)

Additional Documents for Agriculture Sector (If Applicable)

  • Three passport-size photographs

  • Farm/site visit report

  • List of successors/legal heirs

  • Seizure/hold undertaking in case of default

  • Veterinary arrangement proof vetted by ACO/BM

  • Vaccination certificate

  • Legal opinion

  • Any other required documentation



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