Discover the most up-to-date Punjab Rozgar Scheme information in Pakistan to stay engaged. Explore detailed insights, ensuring seamless and informed interactions with Punjab Rozgar Scheme. Access all the requited details in one place for a hassle-free and smooth experience.
Punjab Rozgar Scheme Online Apply
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The Punjab Rozgar Scheme is an initiative by the Government of Punjab to provide easy and subsidized loans to startups and existing businesses in Punjab. It was launched by the Punjab Small Industries Corporation (PSIC) in collaboration with the Bank of Punjab in October 2020. This initiative was taken to facilitate the small and medium enterprises (SMEs), entrepreneurs, and skilled individuals and boost economic growth in Punjab. The scheme also encourages green business practices and resource-efficient technology adoption.
Punjab Rozgar Scheme Apply Online
If you are interested in applying, then here is the step-by-step Punjab Rozgar Scheme apply online process:
- Go to the scheme’s official portal: rozgar.psic.punjab.gov.pk
- Sign up
- Fill out the form by entering our name (as per your CNIC), email address, and CNIC number.
- Set up a password.
- Verify the provided information.
- Register
- Upload required documents.
- Pay a non-refundable processing fee of Rs. 2,000.
Punjab Rozgar Scheme Helpline Number
If you have any queries related to the scheme, then you can call the Punjab Rozgar Scheme helpline number at 042-99200439, 042-99203738, 042-99203866, 042-99203731, or 042-99203732. You can also address your queries via email at [email protected].
Punjab Rozgar Scheme Details
If you are a business owner or starting a business and want to apply to this scheme, then before going through the Punjab Rozgar Scheme loan apply online process, first check out the complete Punjab Rozgar Scheme details here to avoid any inconveniences. Following are the features the loans provided via this scheme:
- The scheme provides loans from Rs. 100,000 to Rs. 10,000,000.
- It is a term loan (clean or secured).
- The loan duration is 2 to 5 years (including a 6-month grace period).
- 4% markup on clean loan and 5% markup on secured loan
- The debt-equity ratio for males is 80:20, and for females, trans, or disabled people, it is 90:10.
Punjab Rozgar Scheme Eligibility Criteria
The Punjab Rozgar Scheme eligibility criteria state that the individuals from the following categories can apply for this scheme:
- Residents of Punjab
- Between the ages of 20 and 50 years
- All genders
- University graduates (with entrepreneurial skills)
- Diploma/certificate holders from TVET
- Skilled workers/artisans
- New or existing businesses
Punjab Rozgar Scheme Requirements for Security
If you want to apply for the scheme, then you must check out the Punjab Rozgar Scheme requirements for different amounts of security. Here is the list that states the requirements:
- For loans up to Rs. 500,000, a personal guarantee and net worth statement are required.
- For loans between Rs. 500,001 and Rs. 1,000,000 a personal guarantee and one third-party guarantor (net worth = loan amount) OR a government employee guarantor (BPS-10 or above) is required.
- For loans between Rs. 1,000,001 and Rs. 10,000,000, a mortgage of property or a vehicle with a clean title is required.
Requirements for Guarantors
- Must be Punjab residents
- Must have valid CNICs
- Must have a clean e-CIB (Credit Information Bureau) report