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5 Lakh Loan without Interest in Pakistan

Good news for youth who are interested to start their business because the Prime Minister of Pakistan has initiated a 5 Lakh Loan without Interest in Pakistan Scheme for the rural and urban poor people. The basic purpose of this scheme is to provide a Microfinance facility, in order to raise industry from 2.5 million people to 5.0 in the next five years under the umbrella of the Pakistan Poverty Elevation Fund. Those who want to apply for this interest-free loan can submit the application. Before applying, must check the 5 Lakh Loan without Interest in Pakistan Registration Form Free Download Last Date from this page. Aspirants from all across the country can apply for Interest-free loans but preference will be given to those areas, where microfinance network facilities are low. Equal opportunities are given to men and women.

5 Lakh Loan without Interest in Pakistan

Prime Minister Shehbaz Sharif has announced an interest-free loan of around 5 Lac Rupees. Within a few days, they will announce the procedure for the application submission. When they will announce we will share it with the audience. Further, this is most beneficial for those people who want to start a business but due to lack of money, they do not start. When they will issue the application submission then we will share it with the audience.

Eligibility Criteria:

  • Those aspirants whose poverty score is between 18.5 to 40 can apply for the interest-free loan scheme.
  • Those aspirants having an 18.5 poverty score and who received loans under BISP can also apply.
  • Preference for these loans will be given to the areas and districts where microfinance beneficiaries are as low as 12%. Loans will be provided without any gender discrimination.
  • Almost 50% of loans will be provided to female borrowers under Prime Minister Interest-Free Loan Scheme.
  • Mark up rate is 0% and candidates have 3 years’ time to return this loan.

Prime Minister Youth Business Loan Apply Online

Step No. 1

  • Open the official webpage of PMYB&ALS.

Step No. 1

Step No. 2

  • Give complete details regarding Personal like Name, Father’s Name, CNIC, and some others.

Step No. 2

Step No. 3

  • Enter complete business details.

Step No. 3

Step No. 4

  • Enter Loan info like Duration, Amount, and other

Step No. 4

Step No. 5

Step No. 5

Loan Detail:

Loan Detail

Registration Last Date

Last Date to Apply Update Soon

Till now they have not announced the last date for application submission because everyone wants to take the loan and start a business. When they will release the advertisement then properly issue the last date of the application submission. Keep in touch with this page for information about the last date.

Prime Minister Interest Free Loan Scheme 2018 Registration Form Free Download Last Date

Also Check: PM Youth Skill Development Scheme 2023

You can take the complete information regarding the 5 Lakh Loan without Interest in Pakistan Registration Form is available. On the other hand, the department is working on this project under the supervision of the Prime Minister. In addition, they will launch this scheme the previous month. Unemployed people can take the benefits and complete their dream with the help of the government.