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Prime Minister’s Youth Mortgage Scheme relaunched with interest-free microloans

by Pakistan Latest News Update

KARACHI – The federal authorities has relaunched Prime Minister’s Youth Mortgage Scheme to supply interest-free and sponsored mortgage schemes to youth.

After remaining suspended for the final 5 months, the mission has once more launched with tweaks to make it extra useful for companies and agriculture working at small and medium ranges.

In a notification, the State Financial institution of Pakistan stated ‘the revised scheme has introduced two new components of financing, namely micro-loans and agriculture loans’.

SBP maintained that the scheme gives financing of as much as Rs 75 lace every in three slabs, for a most interval of as much as 9 years. It additional added that one-fourth of the loans will go to girls debtors and the processing time won’t exceed 1.5 months.

Eligibility Standards

  • Pakistani nationwide, aged between 21 and 45 years with entrepreneurial potential
  • Matriculation or equal schooling for IT/E-Commerce associated companies; age restrict lowered to 18 years  
  • For agriculture loans, State Financial institution Indicative Credit score Limits & Eligible Objects for Agriculture Financing 2020 shall be relevant

Mortgage Dimension


Tier 1 (T1)

As much as Rs 0.5 million

Tier 2 (T2)

Above Rs 0.5 million and as much as Rs 1.5 million

Tier 3 (T3)

Above Rs 1.5 million and as much as Rs 7.5 million

The ousted authorities led by Imran Khan first launched Kamyab Jawan Youth Entrepreneurship Scheme whereas the Sharif-led authorities revised the scheme and renamed it to Prime Minister’s Youth Enterprise & Agriculture Mortgage Scheme.

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