Prime Minister Shahbaz Sharif has announced the Punjab Rozgar Scheme for small and medium businesses. This is a business-frontal program for people living in Pakistan Punjab, in which loans are given to small and medium business people. These loans will be provided on very easy terms with very low markup rates.
For the economic development of any country, small and medium entrepreneurs are the backbone of the economy. Their development has a great impact on the economy, leading the country on the path of development. These small and medium business people are important in expanding enterprises.
Punjab Rozgar Scheme 2024
The Punjab Youth Rozgar Scheme is a big government project. An amount of 30 million has been initially allocated for this program so that small and middle-class business people and industries, including home industries, can get loans through commercial banks.
Therefore, the government has started an employment program for these people to improve further and develop their employment opportunities. We will tell you how you can be a part of this program and ensure your eligibility by knowing the complete registration procedure.
This will help them promote their existing businesses at the national level. Registration for this scheme has started. So check your eligibility and get complete information about a required document. Complete your registration through online or offline procedures. All the registration procedures are explained below.
Features of the Rozgar Scheme For Pakistani Youth
| Loan Limit | Clean: Rs. 100,000/ to Rs. 1,000,000 Secured: Above Rs.1,000,000 up to Rs. 10,000,000 |
| Loan Tenure | 2 to 5 years including 6 months grace period |
| Loan Type | Term Loan |
| Debt: Equity Ratio | For Males= 80:20 For Females, Transgender & Disabled= 90:10 |
| Security Requirement | Up to Rs. 500,000/-:Personal Guarantee of Borrower along with net worth statementAbove Rs. 500,000/ – up to Rs. 1,000,000/ |
| Sectors | All sectors can apply |
| Applications | All applications shall be submitted online through the portal designated by the PSIC e-rozgar portal. |
| Processing Fee | Rs. 2,000/- (Non-Refundable) |
Required Documents
You need to know about some important documents before registration, which are listed below.
- Front and back copy of CNIC
- A photo with a full-face
- Registration with the Licensing Chamber of Commerce body, if any.
- A scanned copy of the security documents is to be submitted for availing the loan.
- Latest educational degree or certificate if available.
- Matric Intermediate Bachelor Master or Ph.D, etc.
- You have a business experience certificate.
PM Punjab Rozgar Scheme 2024 Online & Offline Application
We have mentioned registration through two methods; here, you can complete your registration process by following any of them.
Online procedure:
- You have visited the official website of the Punjab e-employment scheme.
- There, you have to create an account by entering the email password, etc. Clear step-by-step instructions will be provided on the website. You have to follow the easy guide on your own.
- After that, you have to scan and upload your desired documents directly on the online platform after following the complete instructions.
- After that, re-check the information carefully once and click on the submit button.
Offline procedure:
Below is the procedure for applying physically for Employment Scheme 2024.
- You have to get the employment scheme form from the portal.
- In this form, you have to enter your name and CNIC number. After that, you have to get your verification done and attach the necessary documents requested with it.
- After verification, the form has to be uploaded to the employment portal.
- In this way, your registration process will be completed.
Punjab Rozgar Scheme New Update
According to the new update of the Punjab e- Rozgar Scheme, those people who want to be a part of this scheme should get their registration done as soon as possible. Because after the completion of registration, your loan is approved within 45 days. The payment of which is given to you in easy installments.
Apart from this, after completing your registration, you can easily check how long we will be a part of this scheme. This scheme is very effective and useful for small and middle-class people who work by setting up industry at home. You can register yourself and get a five-percent interest payment loan from the government.
Conclusion
According to the new update of Punjab e-employment, those people who want to be a part of this scheme should get their registration done as soon as possible. Because after the completion of registration, your loan is approved within 45 days. The payment of which is given to you in easy installments.
Apart from this, after completing your registration, you can easily check how long we will be a part of this scheme. This scheme is very effective and useful for small and middle-class people who work by setting up industry at home. You can register yourself and get a five-percent interest payment loan from the government.