PM Youth Loan Limit Raised to Rs 25 Million – New Tier 4, Age 18, Apply Online
The maximum loan under the PM Youth Loan Scheme has been raised to Rs 25 million. Prime Minister Shehbaz Sharif announced the change on 8 November 2026. The maximum was Rs 7.5 million before this announcement.
The minimum age has also been lowered from 21 to 18. The Prime Minister directed that 30 percent of loans go to women. Dawn reported on 11 November 2026 that the Cabinet and the Economic Coordination Committee sanctioned a new Tier 4 for the scheme.
But there is one important warning: the new Tier 4 bank terms had not yet been notified by the State Bank of Pakistan at the time of reporting. Banks were still applying the old tiers until then.
| Item | Detail |
|---|---|
| Scheme | PM Youth Business and Agriculture Loan Scheme |
| New maximum | Rs 25 million |
| Announced | 8 November 2026 |
| New Tier 4 | Above Rs 7.5m to Rs 25m, 8% markup, up to 8 years |
| Minimum age | 18 years (lowered from 21) |
| Women share | 30% of loans directed to women |
| Official portal | pmybals.pmyp.gov.pk |
What Is the PM Youth Loan Scheme?
The PM Youth Business and Agriculture Loan Scheme gives loans to young Pakistanis for business and agriculture. It covers new businesses and existing businesses. It also covers agriculture.
The PM Youth Loan scheme is run through banks. You apply online, and the bank checks your application. The loan is not a grant.
What Are the New Loan Tiers?
The scheme now has four tiers. The first three tiers are the existing ones. The fourth tier is new.
Tier 1 is up to Rs 0.5 million at 0 percent markup. Tier 2 is above Rs 0.5 million to Rs 1.5 million at 5 percent markup. Tier 3 is above Rs 1.5 million to Rs 7.5 million at 7 percent markup. Tier 4 is above Rs 7.5 million to Rs 25 million at 8 percent markup, for up to eight years.
Tier 4 is the new category sanctioned by the Cabinet and the ECC, as reported by Dawn on 11 November 2026.
What Has Changed for Age and Women?
The minimum age has been lowered from 21 to 18. This means that an 18-year-old can now apply. Before the change, 18 was allowed only for IT and e-commerce in some cases. Now 18 applies more widely, under the Prime Minister’s directive.
The Prime Minister also directed that 30 percent of loans go to women. This is a target for the scheme. Women who meet the other eligibility rules can apply in the same way as other applicants.
Who Can Apply?
You can apply if you are a Pakistani citizen aged 18 to 45. You must not be a government employee. Government employees are barred from all tiers under the official rules.
You can apply for a new business, an existing business, or agriculture. Your business plan must match the tier you apply for.
How to Apply Online
Apply only through the official portal at pmybals.pmyp.gov.pk. You can also check pmyp.gov.pk for information about the programme.
First, open the portal and register with your CNIC and mobile number. Second, fill in your personal details and your business details. Third, choose the tier that fits your need. Do not apply for Tier 4 unless your business plan supports a loan above Rs 7.5 million. Fourth, upload the documents asked for. Fifth, submit the form and keep your tracking number.
After you submit, the bank will check your application and may ask for more documents. Do not pay any agent to submit the form.
The SBP Warning — Read This First
The new Tier 4 terms had not yet been notified by the State Bank of Pakistan at the time of reporting. That means banks were still applying the old tiers when the announcement was made.
Do not assume that a bank will give you a Tier 4 loan on the new terms today. Check with the bank first. Ask whether Tier 4 has been notified and whether the bank has started taking Tier 4 applications. If the bank says it is still on the old tiers, wait for the notification.
Documents You May Need
Keep your CNIC, proof of address, and business details ready. You may need a business plan, proof of an existing business if you have one, and bank statements if the bank asks for them. For agriculture, you may need land or farming details.
The exact list depends on your tier and your bank. The portal and the bank will tell you what is needed. Upload clear copies and give correct information. Wrong information can lead to rejection.
Frequently Asked Questions
What is the new maximum PM Youth Loan?
Rs 25 million, raised from Rs 7.5 million on 8 November 2026.
What is Tier 4?
Tier 4 is above Rs 7.5 million to Rs 25 million at 8 percent markup, for up to eight years, sanctioned by the Cabinet and ECC.
What is the minimum age now?
18 years. It was lowered from 21 on 8 November 2026.
Can government employees apply?
No. Government employees are barred from all tiers under the official rules.
Is there a closing date?
No closing date has been announced for this scheme.
Conclusion
The PM Youth Loan limit is now Rs 25 million, with a new Tier 4, a lower age of 18, and a 30 percent share for women. Apply only on the official PM Youth Loan portal, choose the tier that fits your business, and check with your bank first whether Tier 4 has been notified by the State Bank of Pakistan. Students who need support for study instead of a business loan can read about the Honhaar Scholarship Phase IV, which covers 100% tuition for eligible Punjab students.
Official sources: pmybals.pmyp.gov.pk, pmyp.gov.pk
Disclaimer: This is not an official government website. Always confirm on the official portal.
