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Prime Minister’s Youth Business & Agriculture Loan Scheme

The Government of Pakistan in collaboration with SBP has launched a scheme named Prime Minister’s Youth Business & Agriculture Loan Scheme (PMYB & ALS) for rural youth aged between 21-45 years to cater to their term loan and working capital financing requirements in the agriculture sector, on low mark-up rates to be subsidized by the Government of Pakistan.

ZTBL, being participating Bank in the scheme, has developed its product, the key features of which are as under.

Terms & Conditions:

Operational Jurisdiction The scheme will be applicable in all ZTBL branches located across the country.
Eligibility Criteria
  1. All citizens of Pakistan, aged between 21 and 45 years with entrepreneurial potential/engaged in agricultural activities are eligible.
  2. Customers may avail of two loans (one short-term & one long-term) within their MCL.
  3. No Govt. employee can avail of financing under this scheme. ZTBL is a public sector bank, hence, its employees including KSSL cannot avail financing under PMYBALS as also clarified by the SBP.
  4. Defaulter of ZTBL or any other Financial Institution is not eligible for financing under the scheme.
  5. Only regular genuine borrowers will be provided the facility of enhancement of loan limit.
  6. Borrowers may avail new financing under PMYB&AL scheme after complete repayment of previous PMYB&ALS loan.
  7. A valid copy of CNIC.
  8. Clear e-CIB report from SBP.
  9. Obligors Risk Rating (ORR) up to 4.
Required Documents Loan Application on PM Youth Online Portal.

Mechanism of application:

  1. PM House is the controlling agency under which the National Information Technology Board (NITB) with the collaboration of NADRA has developed an online portal for applications under this scheme.
  2. The borrower will apply for Bank through PM Portal under Tier-3.
  3. Afterward, the application will be assigned to the relevant Bank for processing.
  4. Field functionaries will be responsible to guide people about the scheme and filling out application forms on the online portal.
  5. Agri. Passbook/Fard Jamamadi/Alienability Certificate.
  6. Recent Photographs (2).
Maximum Loan Limit
  1. The per borrower/party loan limit for Production Loans under the scheme would be ranging from above Rs. 1.500 million to Rs. 2.500 million.
  2. The per borrower/party loan limit for Development Loans under the scheme would be above Rs. 1.500 million to Rs. 5.000 million.
Borrower’s Contribution 20% of the loan amount will be deposited by the borrower or will be invested towards the project.
Collateral The loan would be secured against all types of tangible properties/securities acceptable to the Bank:

  1. Agri. Land
  2. Land & Building in urban areas
Cost of Credit L.A Fee @ Rs.100/- will be charged inclusive of NADRA online verification charges.
Rate of Mark up 7% markup on loans will be paid by the borrowers and rest would be borne by the Government of Pakistan.
Sanction of Loan Loan would be sanctioned by the Central Loan Sanctioning Department (CLSD), at Head Office from above Rs. 1.500 million & upto Rs. 5.000 million.
Repayment Schedule
  1. Production/working capital loans will be recovered within 5 years wherein only markup will be payable during the first 2 years and thereafter both principal along with the markup will be paid in next 3 years making it total repayment period upto 5 years. In case of closure of loan by the borrowers, system will allow repayment of outstanding amount of principal along with upto date mark-up at prescribed rate.
  2. Development loans will be recovered within 8 years in half yearly installments.
Utilization
 Loan utilization report under the scheme will be submitted by the respective MCO, Branch Manager, Zonal Chief & other officials as per their prescribed ratios
Monitoring Close monitoring of the scheme would be carried out by the respective Bank authorities, PMYP, SBP and other stakeholders.

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  • Headquarter: 1 Faisal Ave, Near Zero Point Interchange, G-7/1, Islamabad Capital Territory, P.O Box 1400.
  • UAN: 051- 111-30-30-30
  • Tel:(051) 9252805
  • *For Pakistan, ZTBL calls its customers from 051-7080500 & 051-7080501
  • Customer verification for visa/ immigration purpose
  • Email: head.bod@ztbl.com.pk
  • Email: contactus@ztbl.com.pk
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ZARAI TARAQIATI BANK LIMITED (ZTBL) is licensed and regulated by the State Bank of Pakistan