Punjab Rozgar Scheme Loan | Punjab Rozgar Loan | Punjab Rozgar Scheme – Small & Medium Enterprises are the back bone 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 boost to this neglected sector, Government of Punjab has been working on various uplift initiatives which have been merged as a single scheme. “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/-
Punjab Government under the supervision of Mr. Shehbaz Sharif launched Punjab Rozgar Scheme to reduce the poverty and unemployment in the Punjab province. Under this scheme, more than 30 billion loans starting from 100,000 – 10,000,000 will be provided to the individuals to start a small business to get a suitable income. The individual will pay back the loan in easy installments.
Loan Limit
Upto Rs. 10.00 Million
Clean lending: from Rs. 100,000/- to Rs. 1,000,000/-
Secured lending: from Rs. 1,000,001/- to Rs. 10,000,000/-
Under Punjab Green Development Program, the limit of a loan will remain the same. However, preference will be given to the micro-enterprises, ready to adopt the environment improving technology, having up to 10 numbers of employees.
Punjab Rozgar Scheme Loan | Punjab Rozgar Loan | Punjab Rozgar Scheme
What is the Punjab Rozgar Scheme Loan 2024?
The Punjab Rozgar Scheme Loan 2024 is a government initiative introduced by the Punjab government to provide financial assistance to individuals and businesses looking to start or expand their ventures in Punjab.
Who is eligible to apply for the Punjab Rozgar Scheme Loan 2024?
Individuals aged between 18 and 50 years, having Punjab domicile, and possessing a viable business plan are eligible to apply for the Punjab Rozgar Scheme Loan 2024. Businesses looking to expand and fulfill the specified criteria can also apply.
Individuals aged between 18 and 50 years, having Punjab domicile, and possessing a viable business plan are eligible to apply for the Punjab Rozgar Scheme Loan 2024. Businesses looking to expand and fulfill the specified criteria can also apply.
What is the maximum loan amount one can avail under the Punjab Rozgar Scheme 2024?
The maximum loan amount that can be availed under the Punjab Rozgar Scheme Loan 2024 is $50,000. However, the final loan amount will depend on the applicant’s business proposal and creditworthiness.
What is the interest rate and repayment period for the Punjab Rozgar Scheme Loan 2024?
The interest rate for the Punjab Rozgar Scheme Loan 2024 is 5% per annum. The repayment period for the loan is 5 years, which includes a grace period of 6 months for the borrowers to set up their businesses before starting repayments.
How can I apply for the Punjab Rozgar Scheme Loan 2024?
To apply for the Punjab Rozgar Scheme Loan 2024, you need to visit the official website of the Punjab government and fill out the online application form. Ensure you provide all necessary documents and a detailed business plan to support your application. The authorities will review your application, and if approved, you will receive further instructions on the disbursement process.