Punjab Rozgar Scheme 2023 Apply Online

Punjab Chief Minister will inaugurate Rs.20 crore. Punjab Employment Scheme 2023 worth 30 billion. Punjab Government has introduced Punjab Employment Scheme. Employment scheme is the largest employment program of Pakistan. The provincial government will formally launch its employment program, Punjab Employment Scheme, in collaboration with Punjab Small Industries Corporation (PSIC) and Bank of Punjab (BOP). Under this scheme, citizens will be provided with easy loans worth more than 30 billion rupees for new and running businesses and in addition, small and medium enterprises will be helped to overcome the crisis of corona virus.

Govt has introduced Punjab Employment Scheme Online Registration 2023 Start Online Check Here. But, for the first time, the Punjab government will offer interest-free loans. So, residents of Punjab are now eligible to apply for Punjab Employment Scheme 2023. The Punjab Employment Scheme is a flagship initiative by the Government of Punjab aimed at providing employment opportunities and encouraging entrepreneurship in the state. In this scheme, apply for Youth Punjab Employment Scheme Registration 2023 online here. Those who are unemployed and entrepreneurs are eligible to apply for financial assistance to set up their business. In fact, there is a special initiative of Chief Minister Punjab which aims to improve the youth as per the directives of the Prime Minister. However, Punjab Employment Scheme 2023 is exclusive for residents of Pakistan. Check Registration Process, Eligibility Criteria, Online Application in this page.

President Rozgar Scheme 2023 Apply And Eligibility Criteria

The scheme was launched on October 1, 2023, by the Chief Minister of Punjab Sardar Usman Buzdar. This scheme aims to provide easy loans and employment opportunities to the younger generation of Punjab to reduce poverty and unemployment. More Information

CM Punjab Rozgar Scheme 2023 application form

The CM Punjab Rozgar Scheme 2023 application form is now available online. You can download the application form from the website or from the links below. The form has to be filled in and submitted before the last date.

The following are some of the eligibility criteria for applying under the Scheme:

  • You should be a resident of Punjab
  • You should not have any criminal record
  • Men, women, transgender people, and people with disabilities between the ages of 20 and 50.
  • Your annual family income should not exceed Rs 2 lakhs (Rupees Twenty Lakhs) as per
  • You should have completed 12th standard or its equivalent qualification from a recognized school/ university

How Much loans will be provided under the Punjab Rozgar Program?

Under this scheme, applicants will be provided with concessional loans for over 30 billion rupees. The applicant can apply for a loan from PKR 100,000 / – to 10,000,000 / -. More Information.

Punjab Rozgar Scheme 2023 Eligibility Criteria

Following eligibility criteria will be adhered to to process the loans under Punjab Rozgar Scheme:

  1. Age: 20 to 50 years
  2. Gender: Male / Female / Transgender
  3. Resident: Citizen of Pakistan, Resident in Punjab, verified through CNIC
  4. Business Location: Punjab
  5. Business Type: Sole Proprietor, Partnership, or any business fulfilling other eligibility criteria
  6. Must have a clean e-CIB / Credit History
  7. For startups / new businesses
  8. Having a viable business plan
  9. For existing businesses
  10. Having a viable business plan with a focus to sustain the impact of COVID-19
  11. Having Valid CNIC
  12. Any other parameter to be set by Punjab Small Industries Corporation (PSIC) / Government

How to Register for Punjab Rozgar Scheme Online?

  1. Step: Visit the Official Website
  2. Step: Create an Account
  3. Step: Fill out the Application Form
  4. Step: Upload Your Documents
  5. Step: Submit Your Application

The applicant may apply online through the Punjab Rozgar Program web portal on their official website filling out the required information and uploading required documents. A web link is provided below to apply for an online application; please click on the link new window opens and apply today.

Punjab Rozgar Scheme 2023 Apply Online

Punjab Rozgar Scheme 2023 Terms and conditions:

FeatureDescription
Loan limitUp to Rs. 10.00 million Net lending: from Rs. Rs  100,000 1,000,000 / -Secured lending: from Rs. 1,000,001 / – up to Rs. 10,000,000 / -Under the Punjab Green Development Program.
The loan limit will remain the same. However, preference will be given to micro-enterprises ready to implement technologies that improve the environment, with a staff of up to 10 people.
Purpose of the loanStarting a new business balancing, Modernization and Replacement (BM&R) for Existing FacilitiesWorking capital
IHR sectorManufacturing, service, trade, agriculture, and animal husbandry(Green / quality-enhancing micro enterprises as defined above will also be considered under the Punjab Green Development Program)
One-time commissionRs. 2000 / – (not refundable) at the time of application
Loan term / Repayment termFrom 02 to 05 years old, including the grace period
Grace periodUp to six (06) months (however, a surcharge will apply during the grace period)
Loan typePunjab Rozgar Program Term loan following the policy of the bank and working capital
Capital costThe cost of capital paid by the Borrower:4% for net lending5% for secured loans
Debt: Equity80:20 (for men)90:10 (Women, transgender, and disabled people)(This means that the borrower will invest 20% / 10% of the project cost)
Granting loansBy installments (s) according to the approved business plan
Loan security1. Ensuring net lending Loan limit security from Rs 100,000  500,000 / -Personal guarantee of the borrower together with a statement of net worth. Loan limit security from Rs. 500 001 / – up to Rs. 1,000,000 / .
The Borrower’s Personal Guarantee, together with at least one Third Party Guarantor, the total net worth of which is collectively equal to the amount of the loan provided.

(The third party must be a Pakistani citizen and resident of Punjab with a valid CNIC and must not be older than 55 years old. The third party’s electronic CIB must be clean, meaning it must not have expired or written history.)
OrA BS-10 or higher civil servant guarantee together with a personal guarantee of the borrower. (Departmental guarantee of a civil servant will be mandatory)Net Worth / Wealth Description and Calculation Criteria:

Net worth can be in the form of tangible assets, i.e., ownership or possession of a vehicle. It can be estimated as follows: A. Property can be valued at the appropriate DC rate.
OrB. Property valuation can be done based on a tax return.
OrC. Assessment approved by the Pakistan Banks Association (PBA) by appraiser/agent
OrD. The car is valued against the invoice less depreciation (10% for each year).2. Securing the credit limit from Rs. 1,000,001 / – up to 10,000,000 / -Asset mortgage

Asset description A. Residential/commercial/industrial/agricultural property/vehicle with a clean title and open access (acceptable to the bank) and assessed by a bank-approved appraiser by the bank’s policy.

B. The property must be registered in the borrower’s name or blood relative of the individual/owner/partners. C. Documentation must be consistent with the credit policy of the bank / legal unit. Accrual/mortgage of fixed assets/working capital following internal/external rules.

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