Prime Minister Youth Business Loan Scheme Documents Required And Who Can Apply , Detail Application Procedure
Prime Minister Youth Business Loan Scheme Documents Required and Who Can Apply , Detail Application Procedure
Documents Required for Loan Scheme
PM Youth Loan form is available to the citizens of Pakistan. The following documents are required in combination with the PM Youth Loan form.
- Application Form
- Copy of Computerized Identity Card Number
- Feasibility Report for the business category applied
- Educational / Experience Certificate (If any) It is not required if you are not educated.
After your business loan application is accepted then the bank will ask you to provide two guarantees if your loan amount is below Rs. 749,999 otherwise you will be required to submit the papers of property or gold as deposit to the respective bank if the amount of loan is equal to or greater than 7,50,000 to 20,00,000.
All the photocopies should be attest by a notary public representative.
Who Can Apply:
There is no restriction to apply for the loan. Any Pakistani citizen who can provide the documents necessary for the business plan are eligible to have loan.
If the person applying for loan is educated or have graduated from HEC recognized university, then he/she will be proffered in providing loan. Otherwise all Pakistanis are eligible for this scheme.
This loan scheme is also for the widows and families of martyrs. Special persons are also encouraged to apply as they have special quota in this scheme.