Rozgar Scheme in Punjab:
The Punjab Government has launched a new Punjab Rozgar Scheme under which you can obtain a loan ranging from PKR 100,000 to PKR 10 million. This scheme allows you to take loans for sectors such as livestock, services, manufacturing, and especially for agriculture-related businesses. Any loan amount taken under this scheme must be repaid within five years. This article provides a step-by-step guide on how to apply online for the loan from home.
ThePunjab Rozgar Scheme has been connected with this new scheme, allowing individuals to get loans specifically for business purposes. You can apply for a minimum loan of PKR 100,000 and a maximum loan of PKR 10 million, based on your requirements. You are advised to apply for the loan amount according to your need, whether PKR 500,000, PKR 1 million, or PKR 1.5 million. As stated, the loan must be repaid within five years through monthly installments.
Also Read: Punjab Livestock Card Scheme
Sectors Eligible for the Loan:
You should be aware of which sectors are eligible for this loan. The scheme specifies that loans are available for businesses in the livestock sector. You can apply for a loan if you are starting a new business or want to expand an existing one. Examples include:
- Dairy farming
- Calf fattening
- Breed improvement
- Semen production unit
- Poultry farming
If you wish to apply for a loan in a different sector, you can also get loans for trading businesses, services, and manufacturing. Additionally, the scheme allows loans for any agriculture-related business. The Bank of Punjab will facilitate the loans and review applications
Also Read: Wheat Cultivation Program
Eligibility Criteria:
The official Punjab Rozgar Scheme website provides detailed eligibility criteria. Key conditions include:
Residency: Must be a resident of Punjab.
Age: Applicants must be between 20 and 50 years old.
Gender: Males, females, and transgender individuals can apply.
ID Requirements: Must have a CNIC issued in Punjab.
Business Location: The business must be based in Punjab.
Credit History: Applicants should have a clear Credit Information Bureau (CIB) report and a good credit history.
Whether you are starting a new business or expanding an existing one, if you meet the criteria, you can apply for this loan.
How to Apply for the Punjab Rozgar Scheme:
If you meet the eligibility criteria, follow these steps:
- Visit the Punjab Rozgar Scheme website.
- Click on the Applicant Sign-Up option to start the application process.
- Fill out the required information to create an account, including your name, CNIC, email address, and phone number. Set an easy password and click Register.
- After registering, return to the main page, enter your CNIC and password, and click Sign In.
- The application form will appear. Complete the form online and submit it.
While filling out the form, you’ll be asked which sector and category you’re applying for. It is recommended to choose either the livestock or agriculture sector as these have high approval rates under the Punjab Employment Scheme.
Also Read: Punjab Green Tractor Scheme
