Prime Minister Youth Business Loan
Prime Minister’s ‘Youth Business Loan’, for young entrepreneurs between the age group of 21 – 45 years, is designed to provide subsidized financing at 8.0% mark-up per annum for one hundred thousand (100,000) beneficiaries, through designated financial institutions, initially through National Bank of Pakistan (NBP) and First Women Bank Ltd. (FWBL). Small business loan with tenure up to 8 years, with first year grace period, and a debt : equity of 90 : 10 will be disbursed to SME beneficiaries across Pakistan, covering; Punjab, Sindh, Khyber Pakhtunkhwa, Balochistan, Gilgit Baltistan, Azad Jammu & Kashmir and Federally Administered Tribal Areas (FATA). It has a 50% quota for women and 5% quota for families of Shaheeds, Widows and Disabled persons.
“NFML has a business scheme/plan for the beneficiaries of Prime Ministers Youth Business Loan.”
NFML Role & Support for the program
NFML has a business scheme/plan for the beneficiaries of Prime Ministers Youth Business Loan.One can start business by enrolling a C class agency with NFML for selling urea by depositing three hundred thousand only (Rs. 3,00,000/-) as security deposit and can book upto 1800 bags of Imported Urea per month at a rate of Rs.1786/- per bag. This is a business opportunity for the youth to earn a respectable living by contributing in agro based economy of Pakistan.