Loan will given Under the supervision of State Bank of Pakistan, initially the National Bank and First Women Bank will execute the scheme while other banks may join in after approval of their respective business-plans. 350,000 youth/persons would be given loans.
Prime Minister Of Pakistan Nawaz Sharif Qarz-e-Hasana Scheme 2013
Applications Form Also available on First Women Bank Website http://www.fwbl.com.pk/ and National Bank of Pakistan site http://www.nbp.com.pk/ and SMEDA website http://www.smeda.org/
Free Download PM Youth loan Form in PDF file format Link Given Below
Speaking on the occasion, Nawaz Sharif said that excessive nationalisation by previous governments had devastated industry and economy in Pakistan.
Therefore PM decide to make better economy it launched loan scheme and also he decided to give the subsides financing at 8% mark-up per annum for 100, 000beneficiaries through the National Bank of Pakistan and First Women Bank.This Loan scheme is the largest part of Prime Minister’s Youth Programme.
The total mark up rate would be 15% but the government would pay the remaining seven percent on behalf of applicants.
Those falling in the age group of 21 and 45 years are eligible to apply for loans inside the range of Rs0.5 million to Rs2 million.
Small business loans with tenure up to seven years plus one year grace period and a debt-equity ratio of 90:10 will be disbursed across the country including four provinces‚ Gilgit-Baltistan‚ Azad Jammu and Kashmir and Federally Administered Tribal Areas.
Small and Medium Enterprise Development Authority has been tasked with an advisory role in the implementation of Prime Minister’s scheme.