Punjab Rozgar Scheme 2023
Prime Minister Shehbaz Sharif has announced the Punjab Rozgar Scheme for small and medium businesses. This is a business-friendly program of the Chief Minister of Punjab. Punjab Rozgar Scheme will provide loans to small and medium-sized enterprises. This loan will be given on extremely easy terms and the markup rate will be very low.
Small and medium businesses are the backbone of a country’s economy. Developing them has a significant impact on the country’s development, in order to improve the same development, there is a need to expand small and medium enterprises. Despite this importance, these institutions do not have access to financing options to do business, nor do they have enough funds.
The Punjab government is working on various initiatives under development projects to promote such sectors through which they can do business widely. A scheme launched by Pakistan Small Industries Corporation (PSIC) in collaboration with Punjab, Punjab Rozgar Scheme aims to provide business loans to every small enterprise from Rs 1 lakh to Rs 1 crore so that they can expand their business.
You can also Get PM Youth Loan.
PM Punjab Rozgar Scheme 2023 Online Apply
The Punjab Rozgar Scheme is the most important and huge project of the Punjab government which has been started with a huge amount of 30 million rupees. Through this, small loans will be provided to small, medium, and domestic industries through commercial banks. With the help of which loan facility will be available for existing business and new business. In these loans, the Punjab government will provide commercial loans for small, medium, and domestic industries, which will be taken at a very low markup rate.
In order to complete the process, they can develop their business by protecting them from the natural effects of small businesses affected by the coronavirus. These loans are being provided to avoid such natural calamities and to keep your business safe. So that no business is ruined for any reason, Chief Minister Punjab has started the Rozgar Scheme to provide small loans for this purpose.
You can also get PM Laptop Scheme.
Punjab Rozgar Scheme New Update
The Punjab Employment Scheme is designed to provide free loans and employment to the youth. Its aim is to enable students who complete their studies to start their own businesses. Under this program they are given interest free loans. According to its new update now your loan will be approved very soon.
Earlier it used to be that your loan was not approved quickly, now a loan of yours will be approved within 45 days. Which you can pay in very easy installments. If you also want to start your own business then you have a golden opportunity.
Punjab Rozgar Scheme 2023 Online Application Form
The purpose of the Punjab Rozgar Scheme is to create economic possibilities that would enable young people to find work. Existing small enterprises affected by COVID-19 as well as university graduates with entrepreneurial skills and diploma/certificate holders from technical/vocational training institutions will be taken into consideration.
The government has started providing loans to the citizens for doing small businesses under the Punjab Rozgar Scheme. All the citizens of Punjab can be eligible to apply online to avail of the scheme loan. Submit an online loan application now and get a loan from Punjab Govt.
Punjab Rozgar Scheme by Punjab Small Industries Corporation
Punjab Small Industries Corporation PSIC is a large organization that was created under the PSIC Act 1973. Its purpose is to control small businesses and industries on a small scale. These organizations carry out all the administrative activities such as providing loans to industry in the province of Punjab, issuing credit cards to scheduled banks, infrastructure development, business consultancy, marketing challenges, general utility crafts, and establishment of colonies. Activities are carried out by PSIC. For more details, you can visit the official website.
How To Apply For Punjab Rozgar Scheme 2023
If you want to apply for Punjab Rozgar Scheme 2023 online, here is the complete procedure for how to apply for LoanScheme Online 2023.
- Just fill out this form below to apply for the Rozgar scheme.
- You need to enter Your real name which is on your CNIC.
- Then enter your active Email address.
- Enter Your 13-Digits CNIC number and Confirm it.
- Then create a strong password and remember it also don’t share.
- Always put original information.
- At the end, click the register Button.
The Punjab Rozgar Scheme will process loans in accordance with the following eligibility requirements:
- Having Valid CNIC of pakistan
- Age limit: 20 to 50 years
- Gender type: Male / Female / Transgender
- Resident of Applicant: Must be Citizen of Pakistan, also Resident in Punjab, verified through CNIC
- Business Location in Punjab
- Business Type: Sole Proprietor, Partnership, or any business fulfilling other eligibility criteria
- Must have a clean e-CIB / Credit History
- For startups / new businesses
- Having a viable business plan
- For existing businesses.
- Having a workable business plan with a goal of minimizing the COVID-19’s effects
- More: The government or Punjab Small Industries Corporation (PSIC) may specify any additional criteria.
Before beginning your application, you must have scanned copies or clear, visible images of the following documents available:
- Front-side of CNIC
- Back-side of CNIC
- Picture with complete face
- License / Registration with Chamber or Trade Body (if applicable)
- Scanned Copy of Security Documents to be offered for availing Loan
- Latest Educational degree / Certificate, if and whatever applicable (Matric, Intermediate, Bachelors, Masters, PhD) etc (if applicable)
- Experience certificate(s) (if applicable)
- Loan Limit
Clean: Rs. 100,000/- to Rs. 1,000,000
Secured: Above Rs.1,000,000 up to Rs. 10,000,000
- Loan Tenure
2 to 5 years including 6 months grace period
- Loan Type
- Debt: Equity Ratio
For Males= 80:20
For Females, Transgender & Disabled= 90:10
- Security Requirement
Up to Rs. 500,000/-:
Personal Guarantee of Borrower along with net worth statement
Above Rs. 500,000/- up to Rs. 1,000,000/
All sectors can apply
All applications shall be submit online through portal designate by PSIC
- Processing Fee
Rs. 2,000/- (Non-Refundable)
Apply Now: https://rozgar.psic.punjab.gov.pk/
One of the most significant provinces of the Pakistani government, the Punjab Rozgar Scheme, has a budget of between 30 million and 30 billion rupees that has been set aside to assist the populace. And through this Scheme, people will receive money.
Punjab Rozgar Scheme 2023 Application Form
Great news! Applying for the Punjab Rozgar Scheme just got simpler and quicker. Now, you can say goodbye to tedious paper forms and embrace the hassle-free online application process.
Why Go Online?
- Speedy Process: Online applications are processed faster, ensuring you get the support you need promptly.
- Convenience: No more standing in lines or traveling to submit forms. Apply from the comfort of your home.
- Accuracy: The online system double-checks your information, ensuring it’s accurate and complete.
How to Apply Online:
- Create an Account: Start by making an account on the Punjab Rozgar Scheme’s official website.
- Follow Simple Steps: The website provides clear, step-by-step instructions. You’ll find easy-to-understand guides with visuals to assist you.
- Upload Documents: Scan and upload the required documents directly on the platform. No need for physical submissions!
- Review and Submit: Double-check your information, then hit submit. Your application is on its way!
Remember, the government cares about your ease. That’s why they’ve crafted these straightforward instructions with you in mind. Embrace the new way of applying – it’s your gateway to a better future!