The Pakistani government has started some loan schemes. This is for helping young people. This is for entrepreneurs and small company owners. These programs help individuals expand their existing businesses. So you can start your own ventures and create new jobs.
Let's take a quick look at this program.
1. Punjab Government Loan Scheme (CM Loan Scheme)
The Chief Minister of Punjab introduced the Punjab Government Loan Scheme . This is referred to as the Asan Karobar Scheme. The goal is to give Punjabi entrepreneurs who wish to launch or grow businesses free of interest or zero-interest loans.
Key Details:
- Loan amount: Up to PKR 10 million (depending on category)
- Interest rate: 0% to very low rates
- Eligibility:
- Age between 21 to 57 years
- Resident of Punjab
- Must have a valid CNIC
- Must be a taxpayer or planning to register for tax
- Purpose: For small businesses, shops, startups, and self-employment
Loan Tiers:
Tier | Loan Amount | Interest Rate | Processing Fee |
Tier 1 | Up to PKR 1 million | 0% | PKR 5,000 |
Tier 2 | PKR 1 million – PKR 30 million | 0% | PKR 10,000 |
The Asan Karobar Scheme helps small traders, shop owners, and youth with easy financing so they can grow their income without paying high interest.
2. Prime Minister Youth Program (PMYP)
The Prime Minister Youth Program (PMYP) is a national initiative. This program supports young people in many ways. It includes education programs, skill development, internships, and the Prime Minister Youth Loan Scheme. This is best for businesses and agricultural prosperity.
Key Details:
- Age limit: 21–45 years (minimum 18 for IT/ IT/e-commerce)
- Loan purpose: For business or agriculture
- Interest rate: 0% to 7% depending on tier
- Apply online: pmyp.gov.pk
Loan Tiers (PMYB&ALS):
Tier | Loan Amount | Markup Rate |
Tier 1 | Up to PKR 0.5 million | 0% |
Tier 2 | PKR 0.5 – 1.5 million | 5% |
Tier 3 | PKR 1.5 – 7.5 million | 7% |
This Prime Youth Loan Scheme encourages new entrepreneurs to start their businesses without worrying about high markups.
3. Kamyab Jawan Program
The Kamyab Jawan Program is another major initiative launched to help Pakistan’s youth become financially independent. It provides small and medium loans to help start or expand a business. You can apply and check your status on the official website kamyabpakistan.gov.pk.
Key Details:
- Loan amount: PKR 100,000 to PKR 25 million
- Interest rate: 3% to 5% depending on loan tier
- Eligibility:
- Pakistani citizen aged 21–45
- Must have CNIC and business idea
- Both new and existing businesses can apply
Kamyab Jawan Program Verification:
Applicants can check their loan verification and application status online using their CNIC number on the official website.
Loan Tiers:
Tier | Loan Range | Interest Rate |
Tier 1 | PKR 100,000 – PKR 1 million | 3% |
Tier 2 | PKR 1 million – PKR 10 million | 4% |
Tier 3 | PKR 10 million – PKR 25 million | 5% |
This program focuses on creating more entrepreneurs and reducing unemployment across Pakistan.
4. Prime Minister Loan Scheme
The Prime Minister Loan Scheme is another name commonly used for the loans provided under the PM Youth Program. It includes the Prime Minister Youth Business and Agriculture Loan Scheme (PMYB&ALS) and the Kamyab Jawan Program.
Through this scheme, young people can get interest-free or low-interest loans to start small or medium-sized businesses.
Steps to Apply for PMYP Loan Online:
- Visit the official website: pmyp.gov.pk
- Click on “Loan Application” or “PMYB&ALS” section
- Fill out the online form with your CNIC, personal, and business details
- Upload required documents (CNIC, photos, business plan, etc.)
- Submit your form and wait for verification
You can also visit the Bank of Punjab, National Bank of Pakistan, or Habib Bank Limited for assistance with your application.
5. Qarza Scheme (Easy Loan)
The word “Qarza Scheme” is used for government-provided easy loan programs in Pakistan. These are interest-free loans or soft loans provided under schemes like PMYP and Asan Karobar Scheme. They are designed to help low-income individuals start small businesses and support their families.
Summary of All Loan Schemes
Scheme Name | Loan Range | Interest/Markup | Who Can Apply | Website |
Asan Karobar Scheme (Punjab) | Up to PKR 30 million | 0% | Residents of Punjab | punjab.gov.pk |
Prime Minister Youth Loan (PMYB&ALS) | Up to PKR 7.5 million | 0–7% | Youth aged 21–45 | pmyp.gov.pk |
Kamyab Jawan Program | Up to PKR 25 million | 3–5% | Entrepreneurs across Pakistan | kamyabpakistan.gov.pk |
Final Thoughts
These government loan schemes represent an excellent chance for Pakistan's youth. Whether you live in Punjab or another province, you can apply for loans through the PMYP. All this is know for Asan Karobar Scheme, or the Kamyab Jawan Program.
If you want to create a small business or grow an existing one, go to the official websites, study the eligibility requirements carefully, and fill out the online forms.
With the correct idea and honest effort, these youth loan programs can help you make your dreams a reality.
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