Prime Minister PM Youth Loan Scheme New Updates 2025 NEW APPLICATION DATE
The Government of Pakistan has introduced major updates to the Youth Loan Scheme to empower the country’s youth and support self-employment. With easier loan terms and a streamlined application process, this initiative aims to help young people start their businesses and contribute to the economy.
Key Updates in 2025
- Higher Loan Limits: Youth can now apply for loans ranging from PKR 50,000 up to PKR 7.5 million, depending on their business plans.
- Zero Interest on Smaller Loans: Loans up to PKR 500,000 are available at 0% interest, making it easier for startups to grow without the pressure of interest payments.
- Simplified Online Application: Applicants can now submit their forms and required documents entirely online through the official Youth Loan Scheme portal.
- Sector Preferences: The government prioritizes businesses in IT, agriculture, e-commerce, vocational services, and small industries.
Who Can Apply?
To be eligible for the Youth Loan Scheme, applicants must:
- Be a Pakistani citizen.
- Be between 18 and 45 years old.
- Have no default history with banks
- Provide a viable business plan.
- Women, differently-abled persons, and skilled youth are strongly encouraged to apply.
Loan Tiers
| Tier | Loan Range | Interest Rate |
|---|---|---|
| 1 | PKR 50,000 – 500,000 | 0% (Interest-free) |
| 2 | PKR 500,001 – 1,500,000 | 5% |
| 3 | PKR 1,500,001 – 7,500,000 | 7% |
Benefits of the Scheme
- Promotes youth self-employment
- Reduces unemployment in Pakistan
- Boosts economic activity and local businesses
- Encourages skill-based and innovative entrepreneurship
- Offers financial freedom to the younger generation
How to Apply?
- Visit the official portal: youth.psic.punjab.gov.pk
- Complete the registration process.
- Fill out the application form with your business idea
- Upload your CNIC, education documents, and business proposal
- Submit the form and wait for verification or balloting results
What is the Youth Loan Scheme?
The Youth Loan Scheme is a government-funded program that provides easy and low-interest loans to individuals aged between 18 and 45. The goal is to help them launch small or medium-sized businesses and reduce dependence on traditional employment.
