What is the Prime Minister’s youth Small business Loan Scheme?
ANSWER: 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?
ANSWER: 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?
ANSWER: 50% of loans will go to women borrowers.
What is debt is equity ratio for small business loan scheme.
ANSWER: 90:10 with tenure of up to 8 years
What is total rate for small business loan?
ANSWER: 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?
ANSWER: Rs.0.5 – 2.0 Million
What is the average loan size?
ANSWER: Rs.1.25 Million
Where from I can submit my application for Small Business Loan Scheme?
ANSWER: NBP and First Women Bank under the guidance and supervision of SBP. Other Banks will be encouraged to join.
Is there any specific sectors and products government promoting?
ANSWER: All sectors included. Standardized schemes/projects/ undertakings will be designed by SMEDA, projects designed by private sector service provider or individuals themselves.
Designed & Developed by