PM Youth Loan limit raised to Rs 25 million, minimum age cut to 18

Announced 8 Nov 2026 · Loans · Federal

On 8 November 2026 Prime Minister Shehbaz Sharif raised the maximum loan under the Prime Minister’s Youth Business & Agriculture Loan Scheme from Rs 7.5 million to Rs 25 million. He also directed that the minimum age be lowered from 21 to 18 and that 30% of loans go to women.

What changed

• A new Tier 4 covers loans above Rs 7.5 million up to Rs 25 million at 8% markup, repayable over up to 8 years. PMYP Chairman Rana Mashhood Ahmad Khan announced the tier on 10 November.
• Laptop loans and loans for overseas workers move to Tier 5. They stay interest-free.
• Loans up to Rs 500,000 (Tier 1) remain interest-free.

Who is affected

Young people with a growing business or farm who needed more than Rs 7.5 million, and 18 to 20-year-olds who could not apply before. Banks will start applying the new minimum age on a date the portal will confirm.

What to do next

1. Read the tier table and worked instalments in our PM Youth Loan guide.
2. Apply only on pmybals.pmyp.gov.pk. There is no fee.
3. Work out your instalment in the loan calculator before you choose a tier.

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