Requirements for Punjab Rozgar scheme 2020/How to apply online
As we heard about the Punjab government Pakistan took the initiative to counter unemployment in the province of Punjab, as such we know that it is the largest province of Pakistan in terms of density, development, youth, and literacy rate. So how youth can apply for Punjab rozgar scheme 2020. It is still difficult to find appropriate information because most people don't know what will be the procedure and rules, what documents require to submit an application. This scheme base on an economic model which is a very effective model for developing countries like Pakistan for counter unemployment, job creation particularly those countries where export, FDI is less than import.
Punjab Rozgar Scheme 2020
under this Punjab Rozgar scheme individuals, degree holder Business can apply for a loan worth of the loan will be Rs 100,000 to 10 million
How to apply for Punjab Rozgar Scheme 2020
- University /colleges graduated with business skill
- Diploma /certificate holder from TVET having technical /vocational training
- Artisans and skilled worker
What is the eligibility criteria for this scheme?
- Male/Female /transgender
- Citizen of Pakistan in Punjab verified through CNIC
- Business Location Punjab
- Must have clean e-CIB/credit history
What you will give to the bank as a guarantee
- You can give guarantee to the bank of any Government employee BS 10 to BS 21 scale
- If you have any land, property asset it would be acceptable but it must more than 60 percent of payment or loan which you would like to borrow from the bank
Bank Repayment and interest payment
Bank will give you the amount according to your business plan as for as the debt-equity ratio has been a concern for males it should be 20 percent of the total loan and for women, it would be 10 percent of the loan. How you will pay to the bank for this loan credit, it would be 4 and 5 percent of the total amount, the duration of this scheme is 5 years with a gross period.
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