The Pakistan Government has initiated the scheme known as Punjab Rozgar Scheme. It has stabilized the existing businesses as well as start-ups. You can avail a loan between one lakh and one crore at 4% & 5% markup only. The estimated budget for the entire scheme is thirty billion rupees. So far, people have availed loans up to ten crore rupees under this scheme.
Punjab Rozgar Scheme is created to provide resources to start your own business. Or this scheme aims to provide financial loans to exciting business owners. People who are willing to start their own business can take a loan from the government of Pakistan under the shelter of BOP Rozgar Loan Scheme on simple terms.
Loans under this scheme will be available only to the people living in the Punjab province. For seeking money, you will have to apply by visiting the nearest branch of the Bank of Punjab. The Punjab Rozgar scheme aims at removing unemployment from the Punjab province and providing economic freedom to the youth. Under this plan, worthy individuals will be provided with interest-free or low-interest loans for either startup or for improving existing businesses.
Loan Scheme Key Features
Punjab government provides the young generation with conditional cash loans from government banks so that they may extend or begin a new business. The government has not created so many conditions to obtain this loan. Therefore, a simple person cannot satisfy the conditions and avail of the business loan.
Punjab Rozgar Scheme Info
Punjab government started this initiative with Bank of Punjab. You can visit the official website of Punjab Bank for Punjab Bank loan application. You can also refer to the official website of Punjab Rozgar Scheme for more details.
| Particulars | Key Features |
| Loan Amount | Rs. 100,000/- to Rs. 10,000,000 |
| Loan Category | Clean & Secured |
| Type Of Loan | Term Business Loan |
| Applicant Age | 20 to 50 Years |
| Applicant Gender | Male/Female/Transgender |
| Residency | Punjab, Pakistan |
| Interest Rate | 4% and 5% |
| Loan Tenure | 2 to 5 years |
Punjab Rozgar Scheme Eligibility Criteria
To get money from Punjab Rozgar Scheme you must have to fulfill the following criteria.
- Age of applicant between 18 to 50 years.
- Applicant must be Pakistani and resident of Punjab.
- Men as well as women are eligible for this loan scheme.
- Holder diploma from university with skill-related training.
- Have skill or business knowledge with at least 5 years of experience.
Total Loan Amount For Scheme
As per the officials, the government is offering clean loan of Rs.100000/ -to Rs 1,000,000 to every person for business. This loan can also be highly enhanced (secured loan) as per the nature of the business from Rs. 1,000,000 to Rs. 10,000,000 respectively. The government has kept 2 to 5 years along with 6 months of grace period for loan tenure. Apart from this, the Bank Of Punjab is the first commercial bank for this loan scheme. To apply for the Loan Scheme Apply today, you can log in to the official portal.
Punjab Rozgar Scheme Online Apply 2024
If you are interested in submitting your application through online for this loan offered as part of Bank Of Punjab Rozgar Scheme. Then follow the given procedure:
- First visit the official web portal at rozgar.psic.punjab.gov.pk
- Now click on the applicant signup button and create your account to get yourself registered for the BOP Rozgar Scheme.
- Fill in all the details in the Create New Account form, including your full name, CNIC number, email, contact number, address, and password.
- After filling in all the information click on the Register button.
- You will receive an OTP on the phone number you provide
- Submit your OTP and register on the official portal
- After registering with the account. Using CNIC and password, login to your account
- After logging into your account, register for Punjab Rozgar Scheme by downloading the proper form
- Alternatively, you can directly come to the nearest Bank Of Punjab branch to get a business loan under the Rozgar Loan Scheme.
Required Documents For the Punjab Rozgar Scheme
To online apply for the Punjab Rozgar Scheme you must have the following documents.
- National Identity Card.
- Passport-size 4 photographs.
- Graduation degree or any diploma certificate.
- Business Experience Certificate.
- Proof of personal business.
What is the Loan Security?
As you know the bank always demands security before going to provide loans to any individual. Hence, this scheme also demands the following security from the applicant:
- Guarantee of Borrower
- Guarantee of Third Party
- OR Guarantee of Government Employee of BPS-10 or above
Punjab Rozgar Scheme Last Date 2024
The last date to apply for Punjab Rozgar Scheme is from 1st September 2024 to 25th October 2024. Complete your registration today and visit the nearest Bank of Punjab branch and get your application submitted before last date. However, application after this date will not be accepted.
Conclusion
Punjab Rozgar Scheme has opened its doors and paved the way for the young generation facing unemployment. Yes! No need to look for another job now. Start your new business and become your boss. It is a very important scheme for those young people who want to start their business or increase it further. Punjab Rozgar Loan Program is offering millions of rupees in loans only to the educated and skilled male, female, and transgender youth. This scheme will open a gateway to new employment opportunities.