How to Apply Tier 2 PM Youth Business and Agriculture Loan Scheme (PMYB&ALS) – September 2025 Guide
The Prime Minister Youth Business and Agriculture Loan Scheme (PMYB&ALS) is one of the most important initiatives of the Government of Pakistan to support young entrepreneurs, farmers, and small business owners. The Tier 2 category is specially designed for medium-scale financing to help citizens start or expand their businesses and agricultural projects. This guide explains how you can apply for the Tier 2 PMYB&ALS in September 2025.
پاکستان میں نوجوانوں اور کسانوں کے لیے حکومت نے وزیر اعظم یوتھ بزنس اینڈ ایگریکلچر لون اسکیم کا آغاز کیا ہے۔ اس اسکیم کا مقصد ایسے نوجوانوں کو مالی مدد فراہم کرنا ہے جو کاروبار شروع کرنا چاہتے ہیں یا اپنی زراعت کو جدید طریقوں سے بہتر بنانا چاہتے ہیں۔ ٹائر 2 کیٹیگری کے تحت درمیانے درجے کے قرضے دیے جاتے ہیں تاکہ زیادہ سے زیادہ افراد اپنی معاشی حالت بہتر بنا سکیں۔
What is Tier 2 PMYB&ALS?
The Tier 2 loan category under PMYB&ALS is designed for individuals who need a medium-sized loan for their businesses or agricultural projects.
- Loan Range: Rs. 500,001 to Rs. 1,500,000
- Target Group: Youth, farmers, and entrepreneurs between the ages of 21 to 45 years (18 years for IT-related businesses).
- Sectors Covered: Business startups, agriculture, and livestock projects.
- Interest Rate: Subsidized mark-up rate supported by the Government of Pakistan.
This category is ideal for those who want to expand beyond small-scale business and need more funds for equipment, production, or agricultural inputs.
Eligibility Criteria for Tier 2 Loan
Before applying, applicants must ensure they meet the eligibility requirements:
- Pakistani citizens holding a valid CNIC.
- Age between 21 and 45 years.
- Minimum matric qualification (relaxed for agriculture-related loans).
- Having a viable business plan or agricultural proposal.
- Applicants must not be defaulters of any bank.
Step-by-Step Process to Apply for Tier 2 PMYB&ALS
Step 1: Visit the Official Portal
The official application can be submitted through the PM Youth Program Loan Portal (https://www.pmyp.gov.pk/).
Step 2: Fill Online Application Form
- Enter personal information (CNIC, name, date of birth, contact details).
- Provide educational qualifications and business background.
- Select the loan tier (Tier 2).
- Upload a business plan or an agricultural proposal.
Step 3: Select Bank and Branch
Applicants can select from participating banks, including:
- National Bank of Pakistan (NBP)
- Bank of Punjab (BOP)
- Habib Bank Limited (HBL)
- Allied Bank Limited (ABL)
- United Bank Limited (UBL)
Step 4: Document Submission
Required documents include:
- Valid CNIC copy
- Two passport-size photographs
- Educational certificates
- Proof of business or agricultural ownership (if applicable)
- Bank account details
Step 5: Verification and Processing
- Bank officials verify the details.
- The case is reviewed by the loan approval committee.
- Applicants are informed about the status through SMS and email.
Step 6: Loan Disbursement
Once approved, the loan amount is transferred to the applicant’s bank account.
Key Features of Tier 2 PMYB&ALS in September 2025
- Loan Amount: Rs. 500,001 to Rs. 1,500,000
- Repayment Tenure: Up to 8 years with a grace period.
- Mark-up Rate: 5% subsidized interest.
- Collateral Requirement: May be required depending on the loan size and bank policy.
- Application Fee: No hidden charges.
Important Things to Remember
- Always submit a realistic business plan.
- Choose a bank branch near your residence or business location.
- Keep your contact number active for bank communication.
- Track your application status through the official PMYB&ALS portal.
Benefits of the Tier 2 Loan Scheme
- Encourages entrepreneurship among youth.
- Supports modern agriculture techniques.
- Provides financial freedom to start and grow businesses.
- Boosts employment opportunities in both urban and rural areas.
Difference Between Tier 1, Tier 2, and Tier 3 Loans
| Tier | Loan Range | Mark-up Rate | Suitable For |
|---|---|---|---|
| Tier 1 | Up to Rs. 500,000 | 0% to 3% | Small businesses and startups |
| Tier 2 | Rs. 500,001 – Rs. 1,500,000 | 5% | Medium-scale business and agriculture projects |
| Tier 3 | Rs. 1,500,001 – Rs. 7,500,000 | 7% | Large businesses and expansions |
September 2025 Updates on PMYB&ALS
In September 2025, the government will:
- Increased the number of partner banks to ensure easy access.
- Simplified the online application process.
- Ensured that more youth in rural areas can apply without hassle.
- Introduced a faster loan approval mechanism for verified applicants.
Final Words
The Tier 2 PM Youth Business and Agriculture Loan Scheme (PMYB&ALS) is a golden opportunity for Pakistan’s youth to secure financial support for their entrepreneurial dreams and agricultural projects. By applying online, preparing the required documents, and presenting a solid business plan, applicants can successfully get financing under this scheme. September 2025 is the right time to apply, as the government is actively encouraging more applicants with simplified procedures and quick disbursement policies.
If you are eligible, don’t delay—start your application today and take the first step toward your financial independence.
