CM Punjab Self Employment Scheme 2019-Interest Free Loan Scheme
Chief Minister Punjab Shahbaz Sharif Self Employment Scheme 2019 (CM Punjab Interest Free Loan Scheme)
If you need interest free loan of up to 50000 thousands, then now you are at the page, where all the details about CM Punjab Self Employment Scheme 2019 have been given. Punjab government has disbursed interest free loans of more than 16 billion rupees during last 4 years. These interest free loans have been distributed among 850000 families.
Get Interest Free Loans Under CM Punjab Youth Loan Scheme
Government has reserved revolving fund of 40 billion rupees for CM Punjab loan scheme. 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 interest free loans among 2 million families in next 3 years. Loans are being disbursed through Akhuwat and Punjab Small Industries Corporation. In the first stage 20000 loan is given later on, on seeing the past record of borrower up to 50000 loan can be approved. This program has been launched to eradicate poverty in the province. No mark up is taken from borrowers at all.
Only domicile holders of Punjab are eligible to apply for a interest free loan. Both males and females can apply. Applicants will have to pay application fee of 200 rupees for getting a form. Application form is not available online. Attach your computerized national identity card, recent color photographs, electricity bill and guarantor’s CNIC along with your application form. 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 has also been launched. For further details and getting application form contact Akhuwat or PSIC. Contact details of both these organizations have been given below.
1-Punjab Small Industries Corporation
Alfalah building, The Mall, Lahore
Ph # 042-99201432, 99237191
Address: 19-Civic, Sector A-2, Township, Lahore.
Near Mihaj-ul-Quran University.
Phone No: 042-35122743, 35156382
Web Address- www.akuwat.org.pk
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CM Punjab Self Employment Scheme 2019 (Shahbaz Sharif Interest Free Loan Scheme)