The economic challenges faced by Pakistan have cast a heavy shadow on the lives of its citizens, leaving many struggling to make ends meet. With businesses closing down and job opportunities dwindling, the weight of unemployment is bearing down on families across the nation. In response to this pressing issue, the Punjab government has stepped in with a ray of hope in the form of the ‘Punjab Rozgar Scheme.’
Everyday workers, laborers, employees, and small business owners are feeling the pinch as their incomes dwindle, leaving them with less and less to support themselves and their families. In these trying times, survival has become an uphill battle for the common man in Pakistan.
But amidst the gloom, there shines a beacon of assistance: the Punjab Rozgar Scheme. Introduced under the compassionate leadership of CM Maryam Nawaz Sharif, this initiative aims to provide a lifeline to struggling families. Through sustainable interest-free loans, it offers a pathway for individuals to establish their livelihoods, offering them a chance to rebuild their futures with dignity and resilience.
Key Features of the E-Rozgar Scheme Punjab
| Particulars | Key Features |
| Age | 20 to 50 years |
| Gender | Male/Female/Transgender |
| Qualification & Experience | – University/College Graduates with entrepreneurial skills – Diploma / Certificate holder from TVET having technical/vocational training – Artisans and skilled workers |
| Residence Status | Citizen of Pakistan, Resident of Punjab verified through CNIC |
| Business Type | Applies to New & Existing Business Both |
| 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 Based Loan |
| Equality Ratio for Debt | – Males= 80:20 – Females, Transgender & Disabled= 90:10 |
| Security Requirement | – Up to Rs. 500,000/-: Personal Guarantee of Borrower along with net worth statement – Above Rs. 500,000/- up to Rs. 1,000,000/-: Personal Guarantee of borrower + (At least 01 Third Party Guarantee having collective net worth at least equal to the amount of loan OR Guarantee of Government Employee of BPS-10 and above.) Net Worth may be in the form of Tangible Asset i.e Property or Vehicle ownership, and may be assessed as follows: a) Property may be valued at DC rate by the bank. b) Property valuation may be established from the Wealth Tax statement. c) Evaluation by Pakistan Banks Association (PBA) approved evaluator d) Vehicle valuation shall be the Purchase price less Depreciation (10% for each passing year). The third party should be a citizen of Pakistan and a resident of Punjab have a valid CNIC and must not be older than 55 years. Moreover, the e-CIB of the third parties should be clean i.e. it should not have any overdue or write-off history. – Above Rs. 1,000,000/- up to Rs. 10,000,000: Mortgage of Residential / Commercial / Industrial / Agricultural Property / Vehicle having a clean title and clear access acceptable to the bank. |
| Pricing | Type Customer Pricing Clean 4% Secured 5% |
| Sectors | Applicable for all sectors |
| Applications | All applications shall be submitted online through the portal designated by PSIC |
| Processing Fee | Rs. 2,000/- (Non-Refundable) |
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Step-by-Step Guide to Apply for the Punjab Rozgar Scheme
- Register Your Account for the Punjab Rozgar Scheme:
- Visit the official Punjab Rozgar Scheme website.
- Click on the ‘Applicant Sign Up’ Button.
- Complete the form with your details.
- Verify your registration by entering the OTP received on your mobile phone.
- Sign in using your CNIC and Password.
- Completing Application for Punjab Rozgar Scheme:
- Sign into your account.
- Click on ‘New Application’.
- Fill in all the necessary details in the application form.
- Take your time to review all the information provided.
- Once satisfied, submit your application.
Remember, each step is a bridge toward your aspirations and dreams. Take it one step at a time and know that your efforts are a pathway to a brighter future through the Punjab Rozgar Scheme.
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Conclusion:
As you navigate through the Punjab Rozgar Scheme application process, remember that it’s more than just paperwork—it’s a gateway to opportunity and a brighter future. Stay focused, stay determined, and know that support is available every step of the way. Your journey towards economic empowerment starts here.