Registration open Business & youth loans · Checked 29 October 2026

On 29 Oct 2026 the online application form was live with Tier 1, Tier 2 and Tier 3 all selectable. Allied Bank's scheme page, updated in September 2026, also lists all three tiers. The scheme has no fixed closing date.

Federal subsidised loan scheme that gives young Pakistanis business and agriculture loans of up to Rs 7.5 million through participating commercial, Islamic, SME and microfinance banks. Loans come in three tiers: interest-free up to Rs 0.5 million, 5% up to Rs 1.5 million and 7% up to Rs 7.5 million.

Installment calculator

Estimate in equal monthly installments. The bank's offer letter gives the final installment.

Who can apply

• Pakistani citizen/resident holding a valid CNIC
• Age 21 to 45 years with entrepreneurial potential
• For IT/e-commerce businesses the lower age limit is 18 years, with at least Matric or equivalent education
• For partnerships and companies, at least one owner/partner/director must be within the age bracket
• Start-ups and existing small and medium enterprises owned by youth are eligible
• Farmers are eligible for agriculture production and development loans (classified per SBP's Indicative Credit Limits & Eligible Items for Agriculture Financing 2020)
• All sectors are eligible, including crop production, livestock, poultry, fishery and dairy
• Clean credit record (e-CIB) with no current overdue or write-off

Who cannot apply

• Government employees
• Non-resident Pakistanis
• Applicants outside the 21-45 age range (18-45 for IT/e-commerce)
• Applicants with overdue loans or write-offs on their e-CIB
• Anyone seeking more than two loans, or more than Rs 7.5 million in total under the scheme

Documents you need

• Online application form (English/Urdu) submitted on the PMYP portal
• Valid CNIC (verified through NADRA)
• Two recent passport-size photographs
• Business plan / feasibility report
• Two references with CNIC copies
• Business financials as per the bank's credit policy (existing businesses)
• Educational or technical certificates, licences or experience letters where the business needs them
• NTN/tax returns, bank statement, utility bill and legal-status documents if the bank asks for them
• Collateral papers and valuation for Tier 3 loans

How to apply

1. Open the PMYB&ALS portal at pmybals.pmyp.gov.pk and click 'Apply for Loan'. Applications are accepted online only; branches do not take paper forms.
2. Enter your CNIC number, CNIC issue date and date of birth exactly as NADRA has them, then select a tier (T1, T2 or T3).
3. Fill in personal, business and financing details, choose the participating bank and branch, and submit the form. Banks charge a Rs 100 processing fee.
4. The bank contacts you to collect documents, check your e-CIB and assess the business plan. For free help preparing the plan, contact SMEDA (111-111-456).
5. Track your application with 'Track Application' on the portal (CNIC, mobile number, CNIC issue date, DOB). Banks are required to decide within 45 days.
6. Once approved, put in your equity share (new businesses) and any collateral (Tier 3) to receive the loan.

Helpline: SMEDA advisory: 111-111-456 (scheme-related complaints via Pakistan Citizen Portal app; loan queries to the chosen bank)

Apply only on the official portal. Registration is free; never pay an agent or share your CNIC, PIN or OTP with anyone who calls you.

Questions

Sources: PMYB&ALS official portal (PM's Youth Programme) · PMYB&ALS online application form · Allied Bank - PMYB&ALS product page (updated Sept 2026) · Bank AL Habib - PMYB&ALS product page · Bank of Punjab - PMYB&ALS product page. Dareecha is not a government website. Scheme rules change; always confirm on the official portal.