Name of the Organization : Prime Minister’s Youth Programme (youth.pmo.gov.pk)
Name of the Scheme : Prime Minister’s Interest Free Loans Scheme
Country : Pakistan
Website : youth [dot] pmo [dpt] gov [dot] pk
Prime Minister’s Interest Free Loans Scheme:
Brief Description:
Micro-finance facility aimed at helping the industry raise current access level of 2.5 million people to 5.0 million in next 5 years.
Related :
Prime Minister’s Youth Business Loan Scheme 2015 Pakistan : https://www.statusin.org/1104.html
Eligibility Criteria:
Vulnerable rural and urban poor with a poverty score of up to 40
The focus of the program would be in the category of the poor scoring between 18.5 and 40. Even though double dipping will not be allowed to those who are recipients of loans under BISP, since not all those scoring up to 18.5 are BISP recipients (BISP micro-scheme or actual BISP) or taking loans under BISP umbrella, they will be eligible provided they meet other requirements of this scheme.
For Further Details Visit : http://www.ppaf.org.pk/ .
Focus on Women:
50% of loans will go to women borrowers.
Geographical Spread:
All over Pakistan, preferably limited and un-served areas.
The focus will be on districts with no or low microfinance network facilities. Districts in which microfinance beneficiaries are 12 percent or below as per the Micro Finance Network (MFN) data, will be given first priority
Pricing:
It will not carry any mark-up.
Tenor of Loan: Up to 3 years
Size and Number of Loans: 250,000 loans of Rs.25,000 average (upto RS 50,000)
Government Grant 2013-14: Rs.3.5 billion.
Executing Agencies: Pakistan Poverty Alleviation Fund (PPAF)
People to Contact:
Coordinator:
Mr. Omar Ayub Khan, MNA oaknova [AT] gmail.com | oaktareen [AT] yahoo.com
Focal Person:
Mr Farid Sabir farid [AT] ppaf.org.pk
Important Stats :
Total Budget 3.5 billion
Total amount released 3.5 billion
| Achievements | Total |
| Number of Loans Disbursed | 272,092 |
| Women Borrowers | 62% |
| Amount disbursed to Borrowers (Rs. In Million) |
6,110 |
| Amount Disbursed to 26 POs by PPAF till date (Rs. In Million) | 3,100 |
| Average loan size | 22,455 |
| Rate of Recovery | (99%) |
| No of Partner Organizations (POs) | 26 |
| Number of branches/loan centers established | 233 |
| No. of Districts Covered | 44 |
| No of Union Councils (UCs)Covered | 431 |
Prime Minister’s Youth Business Loans :
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% service charges per annum for nearly one hundred thousand (100,000) beneficiaries, through designated financial institutions namely National Bank of Pakistan (NBP) and First Women Bank Ltd. (FWBL).
FAQs :
What is the Prime Minister’s youth Small business Loan Scheme?
Prime Minister’s Business Loans will focus on unemployed youth, especially educated, looking for establishing new enterprises.
What are the eligibility criteria for Prime Minister Youth Small Business Loan Scheme?
All young men/women not more than 35 Years old with potential Entrepreneurial skills are elegible to apply.
Are Women eligible to get benefit from Prime Minister Youth Small Business Loan Scheme?
50% of loans will go to women borrowers.
What is debt is equity ratio for small business loan scheme.
90:10 with tenure of up to 8 years
What is total rate for small business loan?
8% fixed for borrower but government will pay the difference of the cost at KIBOR+500 bps.
What is the size of small business loan scheme?
Rs.0.5 – 2.0 Million
View Comments (2)
Did you give laptop to every student or just in merit ?
Eligibility Criteria :
1) Students, both male and , registered in an HEC approved educational institution are eligible for the scheme. All masters/doctoral students and 50% under-graduate students will get the laptop.
2) Laptops will be provided to following categories of students enrolled in any public sector HEIs of Pakistan and AJK duly recognized by HEC.
** MS (18 year education), M.Phil. & PhD scholars in any public sector HEIs
** Polytechnic students