Punjab Rozgar Scheme

The government of Punjab has initiated a new program named Punjab Rozgar Scheme that provides loans from 100,000 to 10,000,000 PKR to the youth for their businesses. Through this program, the government provides interest-free loans to unemployed youth and people whose business is affected by pandemic or disasters.

Punjab Rozgar Scheme 2023 Online Apply:

The online application process has been started to provide loans. In order to manage the online registration of the program, the government has developed the Rozgar scheme web portal with the help of the Punjab Information Technology Board. To provide loans, CM allocated 30 billion PKR to help youth financially.

CM Punjab Rozar Scheme 2023:

CM Punjab launched the Punjab Employment Scheme in October 2020 to provide loans to new startups as well as existing businesses. The Punjab Government collaborated with many commercial banks to provide credit facilities. Bank Of Punjab also accepted the government’s offer and is now also providing loan credit facilities. 

Punjab Rozgar Scheme 2023 Application Form:

The objective of the Rozgar Scheme is to generate employment opportunities for youth, especially unemployed and university graduates. These loans have enough power to increase our economic development to some extent. This is true in the sense that every business requires workers, which creates more employment opportunities.

As discussed above, there is a dedicated web portal for online applications. In this web portal, the application form is available to apply for the loan. To ensure approval of your application, fill out that form carefully. Through this program, millions of youth will be employed to earn their livings.

Eligibility Criteria:

• Age: Between 20 and 50 years.
• Gender: Male, Female, or Transgender.
• Residency: Resident of Punjab, Pakistan.
• Business Location: Punjab, Pakistan.
• Business Type: All Business types, including Sole Proprietorships as well as Partnerships.
• Clean e-CIB/Credit History: A clean e-CIB and credit history is a must.
• For Startups/New Businesses: They must submit a viable business plan.
• For Existing Businesses: They should have a viable business plan with emphasis on their sustainability by the effects of the COVID-19 pandemic.

How To Submit Application/ Register For the Punjab Rozgar Scheme?

The application process for the Punjab Rozgar Loan Scheme 2023 is very easy. Please proceed by following these steps to apply for the loan:

• First, please fill in the application form.
• Open the web portal of the program.
• Enter your name as per CNIC.
• Provide your active email address.
• Please put in your CNIC number and confirm it.
• Create a strong password and remember it.
• Submit by clicking the ” Register” button.

Punjab Rozgar Scheme Loan Calculator:

Punjab Small Industries Corporation PSIC is responsible for managing these loans. The loan amount you’ll be eligible for is contingent on your business and its proposed business plan. The authorities will decide whether to give you your required amount or less. The department has been allocated a huge budget of 30 billion PKR, but you should have a proper business strategy to ensure getting your asked demand.

Required Documents:

Prior to applying for the program, ensure that you have these documents

1. A picture with a complete face should not be edited or blurred.
2. Front and back side of your CNIC.
3. Your educational degree or certificate.
4. Your experience certificate (if applicable)

Important Instruction:

To apply for the Punjab Employment Scheme, please adhere to the following guidelines:

1. Ensure you have a clear, full-face photo of yourself.

2. Prepare front and back photos of your ID card for submission.

3. Your educational qualifications should include matric, intermediate, bachelor’s, master’s, or Ph.D. certificates.

4. Applicants are expected to have relevant industry experience for the loan they are requesting

5. Ensure that all necessary security documents are properly documented.

6. Have a registered mobile number for bank communication during the application process.

7. You can complete and submit one or more application forms.

8. We encourage you to upload as much information as possible, including business documents and recent bank statements.

9. Upon successful form submission, you will be provided with an Application Registration Number (ARN) and receive a confirmation message. Please save this information.

10. Visit a Bank of Punjab branch (POB) near you with your ARN and deposit Rs. 2000 to initiate the processing of your application.

11. A new application can only be submitted if your previous one was rejected or if you have successfully repaid a previous loan

Punjab Rozgar Scheme Helpline Number:

Contact Number: 042- 99200439

Email Address: [email protected]

Conclusion:

The Punjab Rozagar Scheme is a significant initiative by the Government of Punjab, with a budget allocation of 30 billion rupees to provide financial support to eligible individuals. In this way, they are creating opportunities for the economic well-being of Pakistan. However, there is still more work needed in this regard.