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For PM Youth Loan For PM youth enterprenuership All citizen of Pakistan holding CNIC, aged between 21 & 45 years at the time of submission of application. For IT/E-Commerce related businesses, lower age limit is be 18 years, holding atleast minimum Matric or equivalent educations. In case of partnership/companies, only one of the owners, partners or directors must be in the prescribed age bracket.
whereas for IFL
a. The loan provided shall be used for productive economic activities/ small enterprises
b. All beneficiaries must be from 0 to 40 on Poverty Score Card (PSC) AND having valid National Identity Card and should be resident of the target area.
c. All beneficiaries should be between the age of 18 to 60 years.
d. Having viable business plan.
e. At least 10% of loans will be disbursed to women. however, efforts will be made to entertain more women than the committed 10%.
f. Not involved in illegal and criminal activities.
g. The beneficiary should not be defaulter of any other organization.