Punjab Rozgar Scheme Loan – 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. To give a 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 Rozgar Scheme Loan | Punjab Rozgar Loan | Punjab Rozgar Scheme
Punjab Government under the supervision of Chief Minister Mr. Hamza Shehbaz Sharif launched Punjab Rozgar Scheme to reduce poverty and unemployment in the Punjab province. Under this scheme, more than 30 billion loans starting from 100,000 – to 10,000,000 will be provided to 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, have up to 10 numbers of employees.
Purpose of loan
Setting up of new business
Balancing, Modernization and Replacement (BM&R) for existing businesses
Working Capital
Processing fee
Rs. 2000/- (non-refundable) at the time of submission of application
Type of loan
Term loan as per bank policy and working capital
Punjab Rozgar Loan
Another more than 1 billion Punjab Rozgar Loan will be provided to start the following business.
Manufacturing
Trading
Services
Livestock
Agriculture
Punjab Green Development Loan
Punjab Green Development Loan will be provided for the following businesses.
Bricks making Bhatta ( Zig Zag Technology)
Organic Food
Drip Irrigation
Solar System
Nurseries
Biogas Plant
Punjab Green Development Program (PGDP) has been initiated to improve environmental 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.
Eligibility Criteria
The following eligibility criteria will be adhered to to process the loans under Punjab Rozgar Scheme:
Age should be 20 to 50 years
Any Gender Male / Female / Transgender can apply for the loan.
Resident condition is that individuals should be citizens of Pakistan, residents in Punjab, verified through CNIC
The business location must be 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 viable business plan with a focus on sustaining the impact of COVID-19
Having Valid CNIC
Any other parameter to be set by Punjab Small Industries Corporation (PSIC) / Government.
How to Apply
Interested applicants need to apply ONLINE through www.rozgar.psic.punjab.gov.pk
