Please refer to IH&SMEFD Circular No. 10 of 2013 dated November 18, 2013 on the captioned subject.

In this regard, it is advised that with effect from July 01, 2015 mark-up rate for the existing as well as new borrowers under Prime Minister’s Youth Business Loans (PMYBL) Scheme has been reduced from 8% to 6%. The Government will continue to pay the difference of the cost at KIBOR+500 bps to all executing agencies.

Other instructions on the subject shall remain unchanged.