In 2026, the Government of Pakistan continues its mission to support youth, women, farmers, and small business owners through multiple interest-free (riba-free) loan programs.
These schemes help citizens start businesses, continue education, and improve livelihoods without paying any interest, following Islamic finance principles.
This guide explains the top 4 government interest-free loan schemes in 2026, including eligibility, documents, and step-by-step online application.
✅ What Are Interest-Free Loan Schemes?
Interest-free loan schemes provide zero-markup financial assistance to deserving citizens.
These programs aim to:
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Promote self-employment
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Reduce poverty
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Support startups
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Empower women & youth
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Strengthen local economy
Borrowers only repay the original amount.
🏆 Top 4 Government Interest-Free Loan Schemes 2026
1. Prime Minister Youth Business & Agriculture Loan Scheme (PMYB&ALS)
This flagship program supports entrepreneurs and farmers nationwide.
🔹 Key Features
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Age: 21–45 years (18+ for IT sector)
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Loan: Up to Rs. 7.5 million
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Interest-Free: Up to Rs. 500,000
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Repayment: 3–8 years
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Apply: pmyb.gov.pk
📄 Documents
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CNIC
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Bank account
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Business plan
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Education certificates
2. Kamyab Jawan Program – Youth Loans 2026
This scheme helps young Pakistanis launch small businesses.
🔹 Highlights
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Age: 18–45 years
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Loan: Rs. 100,000 – Rs. 5 million
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Markup: 0% – 5%
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Portal: kamyabjawan.gov.pk
📝 Application Steps
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Register online
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Verify CNIC
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Upload documents
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Bank verification
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Approval SMS
3. Akhuwat Interest-Free Loan Program
Akhuwat remains Pakistan’s largest interest-free microfinance provider.
🔹 Scheme Overview
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Loan: Rs. 10,000 – Rs. 150,000
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Markup: 0%
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Sectors: Business, health, education, housing
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Apply: akhuwat.org.pk
🔹 Eligibility
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Valid CNIC
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Guarantor
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Good repayment history
Akhuwat has helped millions of families across Pakistan.
4. Ehsaas / BISP Interest-Free Loan Scheme 2026
Under Ehsaas and BISP partnership, this scheme supports poor households.
🔹 Details
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Loan: Rs. 20,000 – Rs. 100,000
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Interest: 0%
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Target: Low-income families
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Partners: NBP, PPAF, Akhuwat
🔹 Check Eligibility
Visit: ehsaas.nadra.gov.pk
Enter CNIC → Check status
📋 General Eligibility Criteria (2026)
Applicants must:
✔ Be Pakistani citizen
✔ Have valid CNIC
✔ Age 18–45 years
✔ Clear credit history
✔ Viable business idea
📑 Required Documents
Prepare these before applying:
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CNIC copy
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Passport-size photos
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Utility bill / domicile
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Bank account details
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Business proposal
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Guarantor info
🖥️ How to Apply Online – Step-by-Step (2026)
1️⃣ Visit official website
2️⃣ Register with CNIC
3️⃣ Fill application form
4️⃣ Upload documents
5️⃣ Submit & save tracking ID
6️⃣ Wait for verification
7️⃣ Collect loan from bank
💡 Tips for Fast Approval
✔ Submit realistic business plan
✔ Keep CNIC updated
✔ Avoid loan defaults
✔ Provide guarantor
✔ Track status regularly
❓ FAQs – Interest-Free Loans 2026
Q1: Can students apply?
Yes, for education and startup programs.
Q2: Are these loans fully interest-free?
Yes, small-category loans are 100% interest-free.
Q3: Approval time?
30–60 days on average.
Q4: Late repayment?
May cause legal issues and future bans.
