Chief Minister Punjab Usman Buzdar’s Loan Scheme 2023 (CM Punjab Rozgar Scheme)
If you need loan of up to 10 million rupees, then now you are at the right page, where all the details about Punjab Rozgar Scheme 2023 have been given. Punjab is going to provide loans on very easy conditions. These loans will be distributed among 1600000 persons.
Get Easy Loans Under Punjab Rozgar Scheme 2023
Government has reserved revolving fund of 30 billion rupees for Punjab Rozgar Scheme 2023. Soon more grant will be added in the revolving fund. Services of an international chartered accountant firm has been hired to ensure transparency in this scheme. Punjab government is committed to disburse easy loans among 1.6 million families in one year. Punjab Small Industries Corporation and ministry of industry, commerce and investment Punjab. This program has been launched to eradicate poverty in the province. Very low mark up will be taken from borrowers.
Details About Punjab Rozgar Scheme 2023
Age of applicants should be from 20 to 50 years. Special persons and transgenders are also eligible to apply. You may get the loan from 1 lac to 10 million rupees. Loans will be given preferably to the businesses which are affected by corona virus pandemic. You may get the loan for your current business too for expanding it. You should have a practical business plan for getting loan for new business. Borrowers will pay back the loan from 2 to 5 years. It is biggest employment scheme in the history of Punjab. Loans will be given on 4 to 5% mark up. Grace period of six months will be given but markup will be taken for this period too.
Points To Be Remember About Punjab Rozgar Loan Scheme 2023
Only domicile holders of Punjab are eligible to apply for this Punjab rozgar scheme for loans. Both males and females can apply. Applicants will have to pay application processing fee of 2000 rupees. Application form is available online at https://rozgar.psic.punjab.gov.pk. You must have a valid CNIC for applying online. Applications can be submitted any time as no deadline has been announced. Loans will be disbursed 100% on merit basis. Soon PM Qarz e Hasna loan scheme will also be launched.
Loans under Punjab rozgar loan scheme will be given for the manufacturing, trading, services, livestock and agriculture sectors. Loan up to 1 million rupees will be given with 4% annual markup while for loans from 1 million to 10 million rupees will be given with the annual interest of 5%. Loans will be disbursed on priority basis to the environmental friendly businesses like water filtration plants, nurseries, bio-gas plants under Punjab Green Development Loan program.
Visit studysolutions.pk daily for latest alerts about latest government schemes.
Q1-What is Punjab Rozgar Scheme?
Ans1-Punjab Rozgar Scheme is an initiative taken by the Government of Punjab to facilitate businesses and entrepreneurs by providing loans with low-interest rates.
Q2-What is the age limit to apply for Punjab Rozgar Scheme?
Ans2-The age limit to apply for Punjab Rozgar Scheme is between 20 to 50 years.
Q3-Who is eligible to apply for Punjab Rozgar Scheme?
Ans3-Any resident of Punjab is eligible to apply for Punjab Rozgar Scheme.
Q4-What is the loan limit under Punjab Rozgar Scheme?
Ans4-The loan limit under Punjab Rozgar Scheme ranges from 1 million to 10 million.
Q5-What is the interest rate for loans up to 1 million?
Ans5-The interest rate for loans up to 1 million is 4%.
Q6-What is the interest rate for loans between 1 million to 10 million?
Ans6-The interest rate for loans between 1 million to 10 million is 5%.
Q7-What is the duration of the loans under Punjab Rozgar Scheme?
Ans7-The duration of the loans under Punjab Rozgar Scheme ranges from 2 to 5 years.
Q8-Is Punjab Rozgar Scheme only for new businesses or can it be used for business expansion as well?
Ans8-Punjab Rozgar Scheme can be used for both new businesses and business expansion.
Q9-How much funds have been allocated for Punjab Rozgar Scheme?
Ans9-The Punjab Government has allocated a total of 30 billion rupees for Punjab Rozgar Scheme.
Q10-Which sectors are eligible for loans under Punjab Rozgar Scheme?
Ans10-Loans are available for manufacturing, trading, services, livestock, and agriculture sectors.
Q11-What is Punjab Green Development Loans?
Ans11-Punjab Green Development Loans are given for environment-friendly projects on a preference basis.
Q12-How can I apply for Punjab Rozgar Scheme?
Ans12-To apply online for Punjab Rozgar Scheme, visit https://rozgar.pcic.punjab.gov.pk.
CM Punjab Self Employment Scheme 2023-Punjab Rozgar Scheme For Loans, Apply Online