AVN 63.69 Decreased By ▼ -4.01 (-5.92%)
BOP 8.78 Decreased By ▼ -0.46 (-4.98%)
CHCC 134.50 Decreased By ▼ -3.50 (-2.54%)
DCL 10.05 Decreased By ▼ -0.53 (-5.01%)
DGKC 108.00 Decreased By ▼ -4.60 (-4.09%)
EFERT 64.45 Decreased By ▼ -0.35 (-0.54%)
EPCL 41.30 Decreased By ▼ -2.45 (-5.6%)
FCCL 21.00 Decreased By ▼ -0.26 (-1.22%)
FFL 15.05 Decreased By ▼ -0.76 (-4.81%)
HASCOL 15.08 Decreased By ▼ -0.62 (-3.95%)
HBL 131.10 Decreased By ▼ -3.90 (-2.89%)
HUBC 81.62 Decreased By ▼ -2.58 (-3.06%)
HUMNL 7.40 Decreased By ▼ -0.51 (-6.45%)
JSCL 24.29 Decreased By ▼ -1.81 (-6.93%)
KAPCO 28.35 Decreased By ▼ -0.79 (-2.71%)
KEL 3.71 Decreased By ▼ -0.12 (-3.13%)
LOTCHEM 11.75 Decreased By ▼ -0.24 (-2%)
MLCF 41.85 Decreased By ▼ -0.46 (-1.09%)
OGDC 93.33 Decreased By ▼ -3.02 (-3.13%)
PAEL 32.92 Decreased By ▼ -1.48 (-4.3%)
PIBTL 12.86 Decreased By ▼ -0.48 (-3.6%)
PIOC 95.00 Decreased By ▼ -4.00 (-4.04%)
POWER 9.77 Decreased By ▼ -0.30 (-2.98%)
PPL 83.60 Decreased By ▼ -2.36 (-2.75%)
PSO 200.00 Decreased By ▼ -6.89 (-3.33%)
SNGP 56.60 Decreased By ▼ -2.94 (-4.94%)
STPL 13.15 Decreased By ▼ -0.05 (-0.38%)
TRG 46.60 Decreased By ▼ -3.13 (-6.29%)
UNITY 23.00 Increased By ▲ 0.76 (3.42%)
WTL 1.05 Decreased By ▼ -0.02 (-1.87%)
BR100 4,133 Decreased By ▼ -155.2 (-3.62%)
BR30 21,019 Decreased By ▼ -858.48 (-3.92%)
KSE100 39,888 Decreased By ▼ -1298.86 (-3.15%)
KSE30 16,750 Decreased By ▼ -546.72 (-3.16%)
COVID-19 TOTAL DAILY
Business

Who can apply for the Punjab Rozgar Scheme?

  • Men, women, transgender people, and differently-abled persons between the ages of 20 to 50 years are eligible to apply for this scheme.
  • This Punjab Rozgar Scheme hopes to offer easy loans worth more than Rs.30 billion and create 1.6 million jobs.
01 Oct 2020

The Punjab Rozgar Scheme is the flagship initiative of the Government of Punjab. This scheme will provide credit facilities to micro, small, and medium-sized businesses and startups in collaboration with the commercial banks to overcome the adverse effects of the COVID-19 pandemic. It hopes to offer easy loans worth more than Rs.30 billion.

Employment Generation

The Punjab Rozgar Scheme aims to generate employment opportunities for the youth by creating opportunities and finances to participate in economic activities. This scheme is designed with a special focus on university graduates with entrepreneurial skills and technical education, as well as existing businesses hit by the pandemic, and hopes to generate 1.6 million jobs in the economy.

Eligibility Criteria

Men, women, transgender people, and differently-abled persons between the ages of 20 to 50 years are eligible to apply for this scheme. The applicant must be a Pakistani citizen and a resident in Punjab verified through a valid CNIC. Moreover, the applicant must also have a clean e-CIB / Credit History.

Easy loans will be offered to the following categories of applicants:

  • University or College Graduates with entrepreneurial skill;
  • Diploma or Certificate holders from TVET with technical or vocational training;
  • Artisans and skilled workers;
  • Existing Businesses (preference will be given to those affected by COVID-19);
  • Startups with viable business plans;
  • Micro and other enterprises or entrepreneurs with resource-efficient and environmentally-friendly interventions or production technologies to improve their operations' environmental performance.

The business venture must be located in Punjab and should be a sole proprietorship, partnership, or a business that meets other eligibility criteria. Startups or new businesses must have a viable business plan, while the business plan for existing businesses must focus on sustaining the impact of COVID-19. The scheme will put a greater emphasis on trade, manufacturing, services, agriculture, and livestock sectors.

The Punjab Small Industries Corporation will implement the Punjab Rozgar Scheme. An easy loan given under this scheme can vary from Rs.100,000 to Rs.10,000,000 in amount, with the lowest mark-up rate. The tenure of the loan will be about 2 to 5 years.

How to Apply?

Applicants can apply for the Punjab Rozgar Scheme 2020 here by signing up with their CNICs. A non-refundable fee of Rs.2000 has to be submitted with the application.

Also, read about CM Buzdar inaugurating the Punjab Rozgar Scheme here.