The PM Loan Scheme- Business Loans for skilled and educated persons
The Prime Minister's loan scheme is an initiative launched by the Government of Pakistan to provide financial assistance to small and medium-sized businesses. The scheme offers loans at 0% markup with a repayment period of up to 8 years. The loans are available for various sectors, including agriculture, manufacturing, services, and others.
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| PM Loan Scheme |
Check if you are eligible: The scheme is open to all Pakistanis who have a valid CNIC and are between the ages of 21 and 45 years. You can check the eligibility criteria for each sector on the official website of the scheme.
Prepare your business plan: You will need to submit a detailed business plan along with your loan application. The plan should outline your business idea, marketing strategy, financial projections, and other relevant details.
Choose a participating bank: The scheme is being implemented through various banks in Pakistan. You can choose a bank that is participating in the scheme and submit your loan application along with the required documents.
Wait for approval: Once you submit your loan application, it will be reviewed by the bank and the State Bank of Pakistan. If your application is approved, you will be notified and the loan amount will be disbursed to your account.
It is important to note that the process may vary depending on the sector you are applying for and the participating bank. Therefore, it is recommended to visit the official website of the scheme or contact a participating bank for detailed information.
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