Since, we have known that the small and medium scale Enterprises are the backbone of a country’s economy, and their growth is playing the key role in the uplifting of the economy. But unfortunately, these businesses face so many financial problems. In other words, we can say that despite their importance, these businesses lack access to financing options. In order to give boost to this neglected sector business (i.e. small and medium scale business), Government of Punjab has been taking a good step toward these neglected sectors on account of working on various uplift initiatives which have been merged as a single scheme post-COVID-19. Punjab Small Industries Corporation (PSIC) launched the “Punjab Rozgar Scheme”, in collaboration with The Bank of Punjab (POB) aims to provide subsidized small business loans in the minimum range of PKRs. 100,000/- to maximum PKRs. 10,000,000/-.
Punjab Rozgar Scheme Eligibility Criteria
| Items | Details |
| Age Limit | Up to 20 to 50 years |
| Gender | Male/Female/Transgender can avail |
| Qualification & Experience | Universities/Colleges Graduates with entrepreneurial skillsDiplomas and certificates holder from TVET with technical / vocational training.Skilled and artisans workers |
| Residential Status | Citizen of Pakistan with resident of Punjab have valid CNIC |
| Type of Business | New & Existing Businesses can avail |
| Loan Limit | Clean: Up to PRs. 100,000/- to PRs. 1,000,000 Secured: Above Rs.1,000,000 up to PRs. 10,000,000 |
| Loan Tenure | Range from 2 to 5 years including six (6) months grace period |
| Loan Type | Loan of Term |
| Debt: Equity Ratio | For Males= 80:20 For Females= 90:10Transgender= 90:10Disabled= 90:10 |
Requirement of Security
1. Range up to PRs. 500,000/
2. Personal Guarantee of Debtor along with the statement of net worth
3. Maximum range from PRs. 500,000/- up to PRs. 1,000,000/-
4. Personal Guarantee of debtor plus at least one (01) third party guarantee having their collective net worth at least equal to the amount of loan OR for Guarantee of Government Employee of BPS-10 and above. Tangible Asset have may be the Net Worth i.e. vehicle or property ownership and may be evaluated as follows:
a. Property may be valued at DC rate by the Bank of Punjab
b. Establishment of property valuation may be from the statement of Wealth Tax.
c. Approved evaluator of evaluation by Pakistan Banks Association (PBA)
d. Depreciation of vehicle valuation shall be purchase price at 10%
e. Third party should be a Pakistani citizen and resident of Punjab having a valid copy of CNIC and must not be older than fifty five (55) years.
Sector:
· All sectors
Applications’ Procedure:
· Applications shall be submitted online through PSIC
Fee of Processing:
· PRs. 2,000/- (Non-Refundable)
Punjab Rozgar Scheme Online Apply
Eligible candidates will click on the link below and fill out the online form
Candidate will be called in case the loan is approved
Online Apply
please click the link: https://rozgar.psic.punjab.gov.pk/rozgar/login
