The scheme is designed to be accessible, with a completely digital application process and a tiered system to suit different business needs.
1. Loan Tiers and Markup Rates
The 2026 program is categorized into three main tiers based on the loan amount.
2. Eligibility Criteria
To ensure the funds reach the right candidates, the following criteria must be met: Age Limit: 21 to 45 years. For IT/E-Commerce businesses, the lower age limit is relaxed to 18 years. Nationality: Must be a Pakistani citizen holding a valid CNIC or NICOP. Business Status: Open to both new startups and existing businesses. Gender: While open to all, 25% of the total loan quota is specifically reserved for women. Education: For IT-related loans, a minimum of Matriculation or equivalent is required.
3. How to Apply Online (Step-by-Step)
You do not need to visit a bank to submit your initial application. The process is entirely online via the Digital Youth Hub. Step 1: Visit the official PMYP portal at pmyp.gov.pk. Step 2: Click on the “Apply for Loan” section. Step 3: Select your preferred bank from the list (over 15 banks are participating, including National Bank, Bank of Punjab, and Habib Bank). Step 4: Fill in the application form carefully. You will need to provide your CNIC, educational certificates, and a brief business plan. Step 5: Pay a nominal, non-refundable processing fee of Rs. 100 (this includes the NADRA verification fee).
4. How to Check Application Status via CNIC
Once you have submitted your application, you can track its progress in real-time. Official Tracking Link: Go to pmybals.pmyp.gov.pk/TraceApplication. Details Required: You will need to enter your CNIC Number, Mobile Number, CNIC Issue Date, and Date of Birth. SMS Updates: The system also sends automated SMS updates to your registered mobile number as your application moves from “In-Review” to “Verification” and finally to “Approved.”
5. Required Documents for 2026
Before starting the application, ensure you have clear digital copies (scans/photos) of the following:
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CNIC: Front and back.
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Passport Size Picture: Recent and clear.
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Educational Degrees: Highest degree or technical certificate.
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Business Plan: A simple one-page write-up of your business idea and estimated monthly expenses/income.
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References: CNIC numbers and contact details of two non-family references.
6. What if Your Application is Rejected?
If your application is turned down, the portal will usually specify a reason. Common reasons include: Poor Credit History: If you are a defaulter on any other bank loan. Incomplete Documents: Missing CNIC scans or unverifiable degrees. Age Mismatch: Falling outside the 21-45 (or 18-45 for IT) age bracket. Duplicate Application: Applying with the same CNIC at multiple banks for the same tier.
Important Note: In 2026, the government has integrated the “Prospective Overseas Workers” category, allowing youth who have job offers abroad to apply for Tier-1 loans to cover their travel and visa expenses.