Prime Minister’s Business Loans will focus on unemployed talented youth of Pakistan, irrespective of location and background looking for establishing new enterprises
All young men/women, Pakistani citizens with a valid CNIC. Age 21 – 45 Years. Entrepreneurial potential.
Focus on Women
50% of loans will go to women
90:10 with tenor of up to 8 years; 1st year grace period and then easy monthly installments for 7 years.
8% fixed for borrower but government will pay the difference of 7% and any other charges
SBP to explore providing 50% refinance at the risk of participating banks
Government will share 50% of losses subject to a maximum of 10% of the loan amount
Number of Loans
100,000 in fiscal year 2013-14
Size of Loan
Rs.0.1 – 2.0 Million
NBP and First Women Bank under the guidance and supervision of SBP. Forms are available across Pakistan on all branches or online
Sectors and Products
All sectors. Standardized schemes/projects/ undertakings will be designed by SMEDA, projects designed by private sector service provider or individuals themselves.