JS Smart
JS Smart Internet Banking Internet Banking
Urdu Icon Urdu Icon Hover
JS / Business / SME / PMYB&ALS

PMYB&ALS

JS Bank brings an exciting opportunity for the youth of Pakistan to make them financially independent through JS Prime Minister Youth Loan scheme which aims at extending financing to individuals possessing entrepreneurial potential by providing subsidized loans at the lowest markup and convenient terms for setting up or expanding their existing business.

Prime Minister Youth Loan Scheme (Business & Agriculture)

Prime Minister Youth Business & Agriculture Loan Scheme (PMYB&ALS) is an initiative launched by the Government of Pakistan to support youth in pursuit of establishing or expanding their businesses. The scheme provides self-employment opportunities to deserving youth.

Product Features of PMYB&ALS

Loan Limits and Pricing:
Tier 1(T1)
Tier 2(T2)
Tier 3(T3)
Min & Max Financing
Up to PKR500,000/ (*MFBs / MFIs)
Above 500,000/
& Up to
PKR1,500,000/
Above PKR1,500,000/
& Up to PKR7,500,000/
Pricing
0%
Fixed at 5%
Fixed at 7%
Debt: Equity Ratio (New Business)
Nil for Existing Businesses
90:10
90:10
80:20

*Micro Finance Banks / Micro Finance Institutions


Apply Now:

  • Click here to apply now on the PMYB&ALS portal
  • Please select “JS Bank Limited” in the drop down under Bank Name

Loan Tenor
Variable: Up to Eight (8) years
Grace Period
Up to one year grace period will be applicable.
Loan Type

Term loans/ working capital loans and leasing/financing of machinery and locally manufactured vehicles for commercial use.

Only one vehicle per borrower is allowed. A borrower in food franchise and distribution business may avail financing for more than one vehicle.

Up to 65% of total financing limit can be availed for Civil Works.

For agriculture, production and development loans are eligible
  • All citizens of Pakistan holding CNIC, aged between 21 and 45 years with entrepreneurial potential are eligible.
  • For IT/E-Commerce related businesses, the lower age limit will be 18 years and at least matriculation or equivalent education will be required. The above age limit condition is applicable to individuals and sole proprietors. In the case of all other forms of business including partnerships and companies, only one of the owners, partners, or directors must be in the age bracket prescribed above.
  • Small and Medium Enterprises (startups and existing businesses) owned by youth as per above mentioned age brackets are also eligible.
  • In the case of agriculture, farmers’ classification as per SBP’s “Indicative Credit Limits & Eligible Items for Agriculture Financing 2020” will be applicable.
  • T1: Clean (secured only by the personal guarantee of the borrower). In addition, rules & regulations of SECP/SBP shall be complied with by MFBs/MFIs
  • T2: Clean (secured only by the personal guarantee of the borrower).
  • T3: As per bank policy.
  • Vehicle(s) financed under T1, T2 & T3 to serve as collateral.

  • Legal Documentation Charges: At Actual
  • Insurance & Tracker Charges: At Actual
  • Any other Charges: As per SOC
  • Customers are required to deposit monthly payments as per their schedule into their JS Bank current accounts.
  • Failure to do so may result in legal recourse.
  • For further details contact us at 021 111 654 321 or visit your nearest JS Bank branch