Prime Minister Agriculture Loan Scheme (2024)

Are you an aspiring farmer or an agripreneur looking to kickstart your agricultural venture? Look no further! The 2024 Agriculture Loan Scheme is here to support you.

In this easy-to-follow guide, we’ll walk you through everything you need to know about this scheme, from eligibility criteria to application procedures. Let’s dive in!

2024 کی زرعی قرض اسکیم کا مقصد زرعی منصوبوں کے لئے قابل رسائی قرضوں کی فراہمی کے ذریعہ نوجوان کاروباری افراد اور کسانوں کو بااختیار بنانا ہے۔ چاہے آپ اپنے موجودہ فارم کو توسیع دینے یا نیا کاروبار شروع کرنے کی منصوبہ بندی کر رہے ہوں ، اس اسکیم نے آپ کو کور کیا ہے۔

Eligibility Criteria for Agriculture loan Scheme 2024

To qualify for the loan, you must meet the following criteria:

  • You must be a Pakistani resident aged between 21 and 45 years.
  • For IT/E-commerce-related businesses, the lower age limit is 18 years.
  • Entrepreneurial potential and a passion for agriculture are essential.

Loan Tiers and Interest Rates

The loans provided under this scheme are categorized into three tiers:

  1. Tier 1: Loans ranging from 0.5 million PKR with 0% markup.
  2. Tier 2: Loans above 0.5 million up to 1.5 million PKR with a 5% markup.
  3. Tier 3: Loans above 1.5 million up to 7.5 million PKR with a 7% markup.

Application Process

Applying for the loan is straightforward:

  • Online Application: Visit the official website to submit your application.
  • No physical forms required—everything is done online!

The Small and Medium Enterprises Development Authority (SMEDA) provides free guidelines to applicants. Reach out to your nearest SMEDA office for expert advice:

SMEDA Services

  • Punjab: 4th Floor, Aiwan-e-Iqbal Complex, Lahore
  • Baluchistan: Bungalow No. 15-A, Chaman Housing Scheme, Quetta
  • Khyber Pakhtunkhwa: Ground Floor, State Life Building, Peshawar
  • Sindh: 5th Floor, Bahria Complex II, Karachi

Frequently Asked Questions (FAQs)

Let’s address some common queries:

  • Can I apply physically at bank branches? No, all applications must be submitted online.
  • Can non-resident Pakistanis apply? Unfortunately, this scheme is only for resident Pakistanis.
  • Are government employees eligible? No, government employees cannot apply under this scheme.


The 2024 Agriculture Loan Scheme is your gateway to realizing your agricultural dreams. Apply today and sow the seeds of success!