The Punjab Government has announced the Punjab Rozgar Scheme 2022 to facilitate the residents by providing loans. Through the Punjab Rozgar Scheme, the government will provide loans of Rs 100,000 to 10,000,000 to deserving candidates. Thus, the govt will give a total of 30 Billion loans to the candidates who want to start their businesses or startups.
The Punjab Government designed the Rozgar scheme to generate employment opportunities for the youth. Thus, university graduates who want to start startups and candidates who have businesses can get loans. Below is the complete detail regarding the Punjab Rozgar scheme.
Punjab Rozgar Scheme Target Group
The target group who can get the loans through the Punjab Rozgar scheme and benefit the country’s economy are the following.
- University/College graduate with Entrepreneurial skills
- Technical or Vocational training diplomas/certificate holders from TEVTA
- Existing businesses
- Artisans & Skilled Workers
- Micro and other Enterprises
Eligibility Criteria for the Punjab Rozgar Scheme 2022
The target groups (mentioned above) must fulfill the following eligibility criteria for the Punjab Rozgar Scheme.
- Age: 20-50 years
- Gender: male/female/transgender
- Nationality and domicile: Pakistani and Punjab
- Business Location: Punjab
- Business type: Solo, Partnership, or other businesses meeting the criteria
- Must have clean e-CIB/Credit History
- Viable business plans for startups or new businesses and existing businesses
- Valid CNIC
- Follow other parameters set by PSIC or the government
Fields for the Punjab Rozgar Scheme 2022
The Punjab government announced to provision more than Rs 1 Billion in loans through the Punjab Rozgar Scheme for the following businesses.
- Manufacturing
- Trading
- Services
- Livestock
- Agriculture
Punjab Rozgaar Scheme Charges Schedule
The schedule of Charges to be paid by the Applicant / Borrower will be as under:
| Application Processing Fee | Rs.2000/- (non-refundable) at the time of submission of the application |
| Valuation / legal / documentation charges inclusive of revenue stamps, Government duties / fee etc. | At Actual Rate |
| Insurance ( if applicable) | At Actual Rate |
| Partial / Balloon / Early Settlement Charges | NIL |
| Late Installment Payment Charges
| Rs. 1 per 1000 per day on the principal amount to be calculated from monthly instalments from the due date till the date of actual payment |
Loan Limit
- Up to Rs. 10.00 Million
- Clean lending: from Rs. 100,000/- to Rs. 1,000,000/-
- Secured lending:from Rs. 1,000,001/- to Rs. 10,000,000/-
Under Punjab Green Development Program, the limit of a loan will remain the same. However, preference will be given to the micro-enterprises, ready to adopt the environment-improving technology and have up to 10 employees.
How to Apply for the Punjab Rozgar Loan Scheme 2022
- Visit the PSIC website to apply for a loan through Punjab Rozgar Scheme 2022. (https://rozgar.psic.punjab.gov.pk/)
- Sign in to the portal by entering your CNIC and password and fill out the form according to the instructions.
- Read the instructions and eligibility criteria carefully.
