Good news for youth who are interested to start their business because the Prime Minister of Pakistan has initiated an interest-free loan scheme 2021 for the rural and urban poor. Basis 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 apply. Before apply, must check Prime Minister Interest-Free Loan Scheme 2021 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. Those candidates, who have received loans through any other loan scheme like Benazir Income Support Program BISP or BISP Micro Scheme are also eligible to get loans. Registration forms will be available online and aspirants will be able to download them before the last date of the Prime Minister Interest-free loan scheme 2021.
Prime Minister Interest-Free Loan Scheme 2021
Prime Minister Imran Khan has announced an interest-free loan of around 1 million to small business persons. Within few days they will announce the procedure of 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.
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.
Aspirants will be allowed to Prime Minister Interest-Free Loan Scheme Registration Form Free Download online form to apply for this scheme. Forms will also be available at the union councils of each district too. The maximum loan that a person can get under PM interest-free loan scheme is 50,000 rupee. This scheme is working under the Pakistan Poverty Alleviation Fund and Prime Minister Youth Program. The last date to apply for this scheme has not been declared yet.
|Number of Loans||Will Announce Soon|
|Average loan||Will Announce Soon|
|No of District Covered||Will Announce Soon|
|No of the Union councils covered||Will Announce Soon|
Registration Last Date
Till now they have not announced the last date of 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 the information about the last date.
Also Check: PM Youth Skill Development Scheme 2021
You can take the complete information regarding Prime Minister Interest-Free Loan Scheme 2021 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 in the month of August 2021. Unemployed people can take the benefits and complete their dream with the help of the government.