Following documents are required for the submission of application form for Loan Scheme:
2-Copy of Computerized Identity Card Number (CNIC)
3-Feasibility Report/Business Plan
4-Educational / Experience Certificate (If any) It is not required if you are not educated.
The people not more than 45 years old can apply for this scheme. At early stges the age criteria was setted on 35 years but after a meeting chaired by Pm Nawaz Sharif the age limit was increased to 45 years.
Loan will be provided on the basis of PM youth loan scheme. Banks who will deal this scheme are National Bank of Pakistan (NBP) and First Women Bank limited (FWBL). Loan amount raging from 0.5 to 2 million. You can apply for any loan amount from the given range.
Is there any preference for educated persons?
There will be a some what preferences for young applicants. Educated and young persons will prefer but if you have strong and ideal business plan then you can also get more preference. Your business plan should be modern technology related. I just want to say that “an idea can change your life” so think and plan well. If your are educated then it is a good point for you which will help you during selection process