How to Apply Tier 2 PM Youth Business and Agriculture Loan Scheme (PMYB&ALS)

Do you want to apply for a loan of 0.5 million to 1.5 million PKR (5 lacs to 15 lacs)? You can apply Tier 2 PM Youth Business and Agriculture Loan Scheme (PMYB&ALS). The complete application process is given below to apply Tier 2 PM Youth Business and Agriculture Loan Scheme. Please check the required documents below before applying for the Tier 2 loan.

Rs. 0.5-1.5 Million

5% Markup

Tenure: 08 Years

Documents Required to Apply Tier 2 PM Youth Business and Agriculture Loan Scheme

Applicant’s Picture
Applicant’s CNIC Pictures (Front & Back)
Father’s/Husband’s/Guardian’s CNIC
Mobile number registered with the applicant’s CNIC
Utility Bills
Educational Degrees/Documents
Business vehicle registration number and vehicle picture (if you have one)
National Tax number (optional)
Experience certificates (if you have any)
Feasibility reports (optional)

Note: Please note that the documents mentioned above are the documents that you should have before starting the application. The other required details are mentioned in their respective sections.

How to Apply Tier 2 PM Youth Business and Agriculture Loan Scheme (PMYB&ALS)

This process is for the PM Youth Business & Agriculture Loan Scheme (PMYB&ALS) Tier 2 Application. If you want to apply tiers like Tier 1 or Tier 3, please check out their respective articles for application. Below is the application process for the Tier 2 application.

Click on the “Apply” button given below to start the application process.

Apply Now

Click on the “Apply” button given below to start the application process.
Enter your 13-digit CNIC number and CNIC issue date, select Tier-2, and click “Enter” to start the application.

Step 01: Initial Selection

In the first step, you will provide basic information. It includes your government employee status, citizenship status, business status, PEP (Politically Exposed Person) status, etc.
After that, you will give details about your CNIC. You will also share the bank you want to use for the PM youth and agriculture loan. Lastly, select your employment status with the bank.
Click “Submit and Next” to proceed to the next step.

Step 02: Personal Information

In this step, you will provide personal information. You will enter your name, select your gender, marital status, religion, and any disability if you have.
Then you will provide information about your income, bank account, utility bill, consumer ID, and national tax number.
Lastly, you will upload your images along with your CNIC pictures (both front and back). Click “Submit and Next” to proceed.

Step 03: Qualification Details

In this section, you will provide information about your education, technical education, and artisanship.
After that, you will upload the respective documents of your education.
Click “Submit and Next” to proceed.

Step 04: Contact Details

In this section, you will provide your current and permanent address. You will put your addresses along with the selection of your district, division, tehsil, and province.
Additionally, you will also provide your mobile number, SIM owner, and details about your residency type.
Save your information and click “Submit and Next” to proceed to the next section.

Step 05: Business Information

In this section, provide details about the business for which you want to get the loan.
Provide information about the business sector, business nature, business name, business details, and address.
Then you will select your business registration status, business utility bill consumer ID, and business national tax number.
Lastly, provide information about any registered vehicles on your business (if any).

Step 06: Financing Details

In this section, you will provide details about your loan.
You will select your loan type, tier type, tenure, amount, grace period, and equity contribution.
Save and click “Submit and Next.”

Step 07: Business Plan

In this section, you will provide details about the business plan for which you are applying for the loan.
You will tell about your estimated cost, initial cost, estimated monthly revenue and expenses, and any relevant experience.
Lastly, upload your documents of experience and any other documents if necessary.
Save and click “Submit and Next” to proceed to the next section.

Step 08: Financing History

In this section, you will provide details about the loans that your father or spouse has availed.
Simply select “No” if not availed, otherwise provide details if they have availed the loan.

Step 09: References

In this section, you will provide details of your two references. The references must not be your blood relatives.
You will provide their names, CNIC, mobile number, and your relation with them.
Click “Save and Next,” and a declaration certificate will pop up. Enter your CNIC details, date of birth, and mobile number. Check the “Terms and Conditions” box and click “Submit” to submit your application successfully.

Note: After applying, you will be further notified by the bank you selected. You can also track your application by clicking the button given below.

Check Your Application Status for PM Youth Business and Agriculture Loan Scheme (PMYB&ALS)

After the successful submission of the application, you can check your application status later on. Here’s how you can check it:

Click on the button given below.
Enter your CNIC number, CNIC issue date, mobile number, and date of birth. This information should be the same as that you have provided in the application.
Click on the “Submit” button to check your application status.

Check Application Status

Loan Repayment Calculator

The Loan Repayment Calculator helps you understand your loan payments. It is designed for the Prime Minister’s Youth Business and Agriculture Loan Scheme. Please click on the button below to access it.

Calculate Now

Frequently Asked Questions

You can apply for the Tier 2 PM Youth Business & Agriculture Loan Scheme if you want to get a loan of 0.5 million to 1.5 million PKR. Please note that for Tier 2, the markup will be 5%.

You can apply for the Tier 2 loan in both cases, whether you have an already established business or not.

No, government employees are not eligible to apply for any tier of the PM Youth Business & Agriculture Loan Scheme.

Conclusion

You can apply Tier 2 PM Youth Business and Agriculture Loan Scheme if you want to get a loan of 0.5 to 1.5 million PKR. The markup rate will be 5% for Tier 2. You can check the complete step-by-step application process. Moreover, you can also check your application status and calculate your repayment/installments above.

How to Apply Tier 2 PM Youth Business and Agriculture Loan Scheme (PMYB&ALS)

Documents Required to Apply Tier 2 PM Youth Business and Agriculture Loan Scheme