PM’s Small Business Loans Scheme 2013 Online Registration
Islamabad: Prime Minister’s Youth Program 2013-14 is launched by Prime minister of Pakistan for the younger of the Pakistan. This youth program will help all the talented person and hardworking students to earn good opportunities of employment, acquiring skills needed for the job, job training and use of computers.How To Apply and Forms with any Registration Process:
You can apply in PM’s Scheme for small business loan as per eligibility criteria mentioned above. The federal cabinet has already given approval to all these initiatives. All arrangements for the implementation of these programs have been completed. The small business loan program will be completely on merit basis and transparent.
Therefore only eligible candidates should apply for this program. Government of Pakistan will announce the registration procedure with application forms after 3rd October 2013. Here on this page you will soon be updated with the application process and registration forms will be available on this website awampk.com.
PM’s Small Business Loans Scheme
Brief description Small business loans scheme will focus on unemployed youth, especially educated, looking for establishing new enterprises.
Eligibility criteria All young men/women. Age not more than 35 Years. Entrepreneurial potential.
Focus on women 50% of loans will go to women borrowers.
Debt-Equity ratio 90:10 with tenor of up to 7 years
Pricing 8% fixed for borrower but government will pay the difference of the cost at KIBOR+500 bps.
Refinancing SBP to explore providing 50% refinance at the risk of participating banks
Risk mitigation Government will share 50% of losses subject to a maximum of 10% of the loan amount
Number of Loans
Size of Loan Rs.0.5 – 2.0 Million
Average Loan Size Rs.1.25 Million
Allocation in Budget 2013-14 Rs.5 billion
Executing agency NBP and First Women Bank under the guidance and supervision of SBP. Other Banks will be encouraged to join.
Sectors and Products All sectors. Standardized schemes/projects/ undertakings will be designed by SMEDA, projects designed by private sector service provider or individuals themselves.