The basic requirements or Sharait for Prime Minister Youth Business Loan Scheme Program are as under:
1. Loan amount is upto Two Million Rupees
2. Markup or Sood is 8% per Annum
3. Re-Payment or Payment of Instalments are given in Eight Years
4. One Personal Guarantee also required to get this Loan and there is no any other security needed
90% Bank Loan and 10% Equity will be contributed by Applicant.
5. 50% of Loan Quota is for Women and 5% Quota is for Dependents or Shaheeds, Windows and Disabled persons..
6. There is no any Application form cost or fee, but there are 100 Rupees Processing Charges fee is to be deposited in the concerned Banks at the time of Application.
