The Kamyab Jawan Program is the federal youth business loan that now runs as the Prime Minister’s Youth Business and Agriculture Loan Scheme (PMYB&ALS). As of September 2026, it is still taking applications online, with loans of up to Rs 7.5 million at 0% to 7% markup through banks. This guide explains the current tiers, who can apply, the documents you need, and how to apply safely.
The scheme is part of the Prime Minister’s Youth Programme. Its loan form is on pmybals.pmyp.gov.pk, linked from the main portal pmyp.gov.pk. Applying is online only.
What is the Kamyab Jawan Program now?
Kamyab Jawan began in 2019 as a State Bank of Pakistan (SBP) lending program for young entrepreneurs, and was revised in 2020 as the Kamyab Jawan Youth Entrepreneurship Scheme. In December 2022, SBP renamed it the Prime Minister’s Youth Business and Agriculture Loan Scheme, with new tiers and lower markup. The Prime Minister relaunched it in January 2023.
Applicants from the old Kamyab Jawan phase were told that their applications could not be processed and that they should apply again under the new scheme. So if you applied years ago, that application does not count now.
Here is who does what:
- The Finance Division pays the markup subsidy from the federal budget.
- SBP sets the rules for banks.
- Banks, microfinance banks and microfinance institutions check your case and lend the money.
- The National Information Technology Board hosts the online portal.
Kamyab Jawan Program status in September 2026
- On 15 September 2026, the application form at pmybals.pmyp.gov.pk was live, with its tier selector and no closing notice.
- In June 2026, Dawn reported the Finance Minister saying that Rs 9.5 billion was set aside in the 2026-27 budget for the scheme’s subsidy, for loans worth more than Rs 109 billion.
- In August 2026, ProPakistani reported the Finance Minister’s written reply to the National Assembly: 104,237 women had received loans by 31 May 2026, and financing “remains available” to eligible women.
- On 11 September 2026, Business Recorder reported that SMEDA and the PM Youth Programme signed an agreement to widen access to the scheme and study why applications are rejected.
A plan to raise the Tier 3 limit above Rs 7.5 million was reported in February 2026 as “under review”. As of September 2026, the official form still shows the Rs 7.5 million cap.
PM Youth loan tiers and markup
These are the current tiers on SBP’s scheme page and the live application form:
| Tier | Loan amount | Markup for you | Maximum period | Security |
|---|---|---|---|---|
| Tier 1 | Up to Rs 0.5 million | 0% | 3 years | Personal guarantee |
| Tier 2 | Above Rs 0.5 million to Rs 1.5 million | 5% | 8 years, with up to 1 year grace | Personal guarantee |
| Tier 3 | Above Rs 1.5 million to Rs 7.5 million | 7% | 8 years, with up to 1 year grace | As per the bank’s policy |
A few more rules from SBP:
- Tier 1 loans are handled only by microfinance banks and institutions.
- Working capital loans under Tier 2 and Tier 3 run for up to 5 years.
- A new business must put in some of its own money: 10% for Tier 1, and up to 20% for larger loans. An existing business does not.
- You can have at most two loans (one long-term and one short-term), within the Rs 7.5 million total.
- 25% of loans are meant for women.
- Up to 65% of a loan can go on building work, and farmers can borrow for crops, livestock, poultry, fishery, dairy and machinery.
Tier 4: laptops and loans to work abroad
In February 2025, SBP added a Tier 4 at 0% markup for the borrower:
- Laptops for students of HEC-recognised institutions aged 18 to 30: Rs 150,000, Rs 300,000 or Rs 450,000 depending on the laptop, or the actual cost if lower, repaid over up to 4 years. The university refers students to the bank through the PMYP portal.
- Prospective overseas workers aged 21 to 45: up to Rs 1 million for training, travel, visa and settling-in costs, repaid over up to 5 years. You need a job offer authenticated through the proper channels, such as the Protector of Emigrants.
Both Tier 4 loans ask you to put in 20% yourself.
Kamyab Jawan eligibility
According to SBP and the PMYP loan page, you need to be:
- A citizen of Pakistan with a valid CNIC
- Aged 21 to 45 when you apply. For IT and e-commerce businesses, the lower limit is 18, with at least Matric.
- A resident Pakistani. Non-resident Pakistanis cannot apply.
- Not a government employee
- Running an existing business, or starting a new one, anywhere in Pakistan, including AJK and Gilgit-Baltistan
There is no general education requirement. For a partnership or company, only one owner, partner or director needs to be in the age range.
Banks also check your record with SBP’s credit bureau (e-CIB). One partner bank’s page, updated in September 2026, asks for a clean record with no current overdue loans or write-offs. You cannot apply if you are already a guarantor for someone else’s loan under this scheme, and you cannot use the scheme to pay off an existing bank loan.
Documents you need
The application form asks you to keep these ready:
- A passport-size photo, and your CNIC, front and back
- Your latest degree, and experience certificates if you have them
- A recommendation letter from a chamber, trade body or union. This is mandatory for an existing business.
- Your NTN (tax number). If you do not have one, the form tells you to register with the FBR first.
- A licence or chamber registration, if your business needs one
- The electricity bill consumer ID for your home, and your business if applicable
- Names, CNICs and mobile numbers of two references who are not blood relatives
- Monthly income and expense figures, as estimates for a new business or actual figures for an existing one
Financial statements, a feasibility report and 6 months of bank statements are recommended, not required. You also need a mobile number registered in your own name. Our CNIC SIM check guide shows how to confirm that.
How to apply online, step by step
Step 1: Open the official form
Go to pmybals.pmyp.gov.pk and open the loan application form, or sign in at pmyp.gov.pk and choose Apply for Loan.
Step 2: Enter your CNIC and choose a tier
Enter your CNIC, its issue date and the tier you want. NADRA checks your CNIC details automatically.
Step 3: Choose a bank and fill in your plan
Pick a bank and branch, the loan type, the tenure (1 to 8 years), your own money share and any grace period. Then fill in your business plan, any loan history and your two references. The form takes at least 15 minutes, and you can save a draft.
Step 4: Submit and track
Submit the form. Your registration number appears on screen and comes by SMS, and the bank contacts you. You can track your application on the portal’s Trace Application page with your CNIC, mobile number, CNIC issue date and date of birth. SBP’s rules say processing should not take more than 45 days.
If your application is rejected
Ask the bank for the reason in writing. Common reasons include a weak business plan, a poor credit record or missing documents. SMEDA gives free guidance to applicants on (042) 111-111-456. If a bank treats you unfairly, complain to the bank first, then to the State Bank through its Sunwai complaint portal, or through the Pakistan Citizen’s Portal.
Kamyab Jawan or Asaan Karobar?
| PM Youth loan (Kamyab Jawan) | Asaan Karobar Card | |
|---|---|---|
| Run by | Federal government, through banks | Punjab government, through the Bank of Punjab |
| Who | Ages 21 to 45, all of Pakistan | Ages 21 to 57, Punjab only |
| Amount | Up to Rs 7.5 million | Up to Rs 1 million |
| Markup | 0%, 5% or 7% | 0% |
| Status, September 2026 | Open | New registrations stopped |
Our Asaan Karobar Card guide explains the Punjab scheme and its larger Asaan Karobar Finance loans.
Stay safe from fraud
- Apply only online on pmybals.pmyp.gov.pk or through pmyp.gov.pk. No paper form is needed.
- SBP’s 2022 rules set a Rs 100 non-refundable form processing fee. Nobody needs thousands of rupees from you to “process” or “approve” a loan.
- No agent can guarantee approval. The bank decides on your business case.
- Never share an OTP, password or PIN. Deal only with the bank’s own staff at its branch.
If someone asks for money, report it through the Pakistan Citizen’s Portal.
Contact
- Loan portal: pmybals.pmyp.gov.pk
- PM Youth Programme phone: 051-9203585
- Complaints email: complaint@pmyp.gov.pk
- SMEDA free guidance: (042) 111-111-456
- Your bank: the branch you chose on the form
Related support
- Asaan Karobar Card, Punjab’s interest-free business credit. New card registrations are stopped, but its larger Finance loans were still taking applications.
- Hunarmand Pakistan, free NAVTTC skills training
- e-Rozgaar Program, digital-skills and freelancing courses in Punjab
- CM Punjab internships: the general program has had no new round since 2024, but some CM internships, such as CM IT, run in 2026
To see which other Punjab and federal programs your household may qualify for, try our free eligibility checker.
GoPunjab is an independent information website. We are not the PM Youth Programme, SBP or any bank, and we cannot approve a loan or process your application. We only explain how the official process works so you can apply correctly yourself.