Good News |The Punjab Rozgar Scheme
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Small & Medium Enterprises are the backbone of a country’s economy, and their growth is one of the key factors of economic uplift. Despite their importance, these businesses lack access to financing options. In order to give a boost to this neglected sector, the Government of Punjab has been working on various uplift initiatives which have been merged as a single scheme post-COVID. “Punjab Rozgar Scheme”, launched by Punjab Small Industries Corporation (PSIC) in collaboration with The Bank of Punjab aims to provide subsidized small business loans in the range of Rs. 100,000/- to Rs. 10,000,000/-
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(PGDP)
Punjab Green Development Program (PGDP) has been initiated to improve environment quality in the province and to reduce air, soil, and water pollution; address deforestation, floods, and land degradation; manage surface water and groundwater resources; conserve natural resources and protect biodiversity; develop public transportation and other alternatives to private motorized vehicles; integrate environmental considerations in public policymaking and private investments; comply with international standards and enhance green competitiveness; and to promote resource and energy efficiency. READ : BISP
Applying Online:
- You can apply for the scheme online through the official Punjab Rozgar Scheme portal: Punjab Rozgar Scheme
- This website allows you to register as an applicant and begin the application process.
Eligibility and Key Points
- Age: 20 to 50 years old
- Citizenship: Pakistani citizen and resident of Punjab (verified through CNIC)
- Loan Amount: Rs. 100,000/- to Rs. 10,000,000/- (depending on loan type)
- Loan Purpose: Starting or expanding a business (new or existing)
- Debt-to-Equity Ratio:
- Males: 80:20
- Females, Transgender & Disabled: 90:10
- Loan Term: 2 to 5 years (including a 6-month grace period)
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Good News |The Punjab Rozgar Scheme
Additional Resources:
While the official website mentions an update date of April 4, 2023, it’s recommended to check for any recent updates on the portal itself.
The Bank of Punjab website also has a page dedicated to the scheme with some information: [Punjab Rozgar Scheme – The Bank of Punjab (Benazir Income Support Programme)
Here are some things to keep in mind:
The application process might involve submitting documents and fulfilling specific requirements. Be sure to check the official portal for details.
There might be a processing fee involved.
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Q: What is the Punjab Rozgar Scheme?
A: It’s a program by the Punjab government in Pakistan that provides subsidized loans to startups and existing businesses (SMEs).
Q: What is the loan amount offered?
A: The range is PKR 100,000 to PKR 10 million.
Q: How low is the interest rate?
A: The subsidized markup rate is either 4% or 5% per year.
Q: Who can apply for the scheme?
A: Startups and existing SMEs in Punjab are the target groups.
Also Read; Benazir Income Support Programme
