Punjab Rozgar Scheme
The Punjab government has officially started the registration process for the Punjab Rozgar Scheme. If you want to start a new business or expand an existing one, you can apply for a loan through this scheme. You have two options:
Loan Range: Borrow from PKR 100,000 to PKR 1 million.
Higher Loan Range: Borrow from PKR 1 million to PKR 10 million.
Repayment Terms:
You must repay the loan with monthly installments within five years. There is a six-month grace period, allowing you to stabilize and generate profit before starting your repayments.
How to Apply:
You can complete the application form online from home. Below is a step-by-step guide.
Eligibility Criteria:
Age: Between 20 and 50 years.
Gender: Open to all – male, female, and transgender individuals.
Priority: Those with a diploma from any university or college or a business experience certificate will be prioritized.
Business Location:
The business must be in Punjab, and applicants must have a Punjab domicile and CNIC.
New and Existing Businesses:
The scheme provides loans for starting a new business or expanding an existing one.
Also Read: PM Laptop Scheme:
Loan Options:
Clean Loan: Borrow PKR 100,000 to PKR 1 million, based on your need.
Larger Loan: Borrow between PKR 1 million to PKR 10 million, based on business requirements.
Loan Repayment:
Repay within two to five years.
After receiving the loan, you get a six-month grace period for business setup.
Equity Requirement:
Male applicants: 20% equity investment in the business.
Female, transgender, or disabled applicants: 10% equity investment.
Security and Interest Rate:
Interest for the first loan category: 4% annually.
Interest for the second loan category: 5% annually.
Eligible Sectors:
Loans are available for any business sector, including agriculture, manufacturing, import-export, and e-commerce.
Processing Fee:
A non-refundable processing fee of PKR 2,000 is required at application submission.
Online Application Process:
- Visit the official Punjab Rozgar Scheme website.
- Click on “Applicant Sign Up” to access the registration form.
- Complete the form with your details, and click “Register.”
- Once your account is created, log in using your CNIC and password.
- Submit the form online from home.
Also Read: CM Punjab Livestock Card
For more details, visit the Punjab Rozgar Scheme official website and access information on eligibility, terms, and conditions