Starting January 2025, a new loan scheme is being introduced by Punjab Chief Minister Maryam Nawaz to support young people in launching or growing their businesses. This program is focused on giving interest-free and low-markup loans to youth, especially encouraging women entrepreneurs and job creators.
What Is the Maryam Nawaz Youth Business Loan Scheme?
This is not just another loan—it’s a full-scale opportunity to fuel small businesses, with the goal of reducing unemployment and supporting self-reliance. Through this scheme, young men and women can receive loans from Rs. 100,000 to Rs. 30 million.
Key Features You Should Know:
-
Zero Interest for Women: Women applicants will receive completely interest-free loans to promote gender equality in business.
-
Low Markup for Men: Male entrepreneurs will be offered a loan with only 3% to 5% markup, much lower than regular bank loans.
-
Flexible Amounts: Whether you’re starting a grocery shop or a tech startup, the scheme offers funding from small to large scale.
-
5-Year Repayment: Easy installments with a 5-year repayment period to reduce financial pressure.
Why This Scheme Matters
-
Empowers Youth: Helps young people take charge of their future with financial backing.
-
Creates Jobs: Every new business has the potential to employ more people, boosting the local economy.
-
Supports Women: By removing interest for women, it promotes female entrepreneurship at a national level.
Eligibility Criteria:
-
Must have Punjab domicile
-
Valid CNIC required
-
Must have a viable business idea or plan
-
Should not have any pending loans or legal issues
How to Apply:
-
Online Registration: Visit the official government loan portal.
-
Submit Business Plan: Your idea should be clear, goal-oriented, and realistic.
-
Wait for Evaluation: Applications will be reviewed based on potential and impact.
-
Loan Disbursement: Funds will be transferred through the Bank of Punjab.
Also Read: BISP 8171 Reverification Open – Confirm Now to Unlock Your Rs. 13,500 May Payment
Documents Required:
-
CNIC (original and valid)
-
Punjab Domicile Certificate
-
Detailed business plan or proposal
Final Thoughts
This is a rare opportunity for the youth of Punjab to transform their ideas into income. Whether you run a small food stall or plan to launch an online service, this loan can be the push you need. Don’t wait—prepare your documents, build a strong business plan, and apply once registration opens in January 2025.