Punjab Rozgar Scheme 2020, Online Apply, rozgar.psic.punjab.gov.pk

View Punjab Rozgar Scheme 2020, Online Apply, rozgar.psic.punjab.gov.pk, Under the Punjab Rozgar Scheme businesses you can apply for loans from Rs. 100,000/- to 10 million. Punjab Chief Minister Usman Buzdar will launch the Punjab Rozgar Scheme 2020 today under which loans up to Rs10 million are going to be given to extending employment within the province. Individuals between the age of 20 to 50 can apply for the loans by signing up through their CNICs on https://rozgar.psic.punjab.gov.pk/

The application fee of the program is Rs/- 2000 (non-refundable) and must be submitted once the appliance has been submitted.

rozgar.psic.punjab.gov.pk Punjab Rozgar Scheme Latest

Punjab Rozgar Scheme 2020, daily jobs in Pakistan 2020, etc, through murtazaweb.com  or Jobinfolink.com Plus Online Apply. 

How to Apply Punjab Rozgar Scheme 2020, Online Apply

Punjab Rozgar Scheme 2020, Description with Detailed Application Form and  Process, Eligibility criteria, schedule & Contact details are mentioned in the official latest advertisement below.

Eligibility and Criteria

Male / Female / Transgender

Citizen of Pakistan, Resident in Punjab,

verified through CNIC

Business Location: Punjab Pakistan.

Sole Proprietor, Partnership, or any business fulfilling other eligibility criteria

For startups / new businesses (Having a viable business plan)

For existing businesses (Having a viable business plan with attention to sustain the impact of COVID-19)

Having valid CNIC

Punjab Rozgar Scheme 2020, Any other parameter to be set by Punjab Small Industries Corporation (PSIC).  Government of Pakistan.

Who is eligible for Punjab Rozgar Scheme 2020

Punjab Rozgar Scheme 2020, Latest Government Jobs in Rawalpindi, Islamabad, Lahore, Karachi, Peshawar, Quetta, Jhelum, Faisalabad, Multan, Punjab, Baluchistan, Sindh, KPK, Saudi Arabia, UAE, and Qatar etc.

Also providing jobs from All Newspapers, Nawaye Waqt, Jang news, Jang Epaper, Express, Dawn, The Nations, Aaj News, and The Nation etc, through murtazaweb.com

Apply Online

Punjab Rozgar Scheme 2020 Application Procedure

Terms & Conditions

Loan Limit

Upto 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/-

Punjab Rozgar Scheme 2020, Under the Punjab Green Development Program, the limit of a loan will remain an equivalent. However, preference is going to be given to the micro-enterprises, able to adapt the environment improving technology, having up to 10 numbers of employees.

Purpose of loan

Setting up of latest business

Balancing, Modernization and Replacement (BM&R) for existing businesses

Working Capital

MSME Sector

Manufacturing, Service, Trading, Agriculture, and Live Stock

(Environment Friendly / Quality Improving Micro Enterprises as defined above also will be considered under the Punjab Green Development Program)

Processing fee

Rs. 2000/- (non-refundable) at the time of submission of application

Tenure of loan/Repayment Period

From 02 to 05 years including a grace period

Grace period

Punjab Rozgar Scheme 2020, Up to 6 (06) Months (However, the markup are going to be charged during the grace period)

Type of loan

Term loan as per bank policy and dealing capital

Cost of Capital

Cost of Capital to be paid by Borrower:

4% for clean lending

5% for secured lending

Debt: Equity

80:20 (For males)

90:10 (Women, Transgender and Differently abled)

(Meaning thereby 20% / 10% of the project cost are going to be invested by the borrower)

Disbursement of loans

In installment(s) as per the approved business plan

Security of loan

1. Security for Clean Lending

Security for loan limit from Rs. 100,000/- to Rs. 500,000/-

Personal Guarantee of the borrower alongside net worth statement.

Security for loan limit from Rs. 500,001/- to Rs. 1,000,000/-

Punjab Rozgar Scheme 2020, Personal Guarantee of the borrower alongside a minimum of one, Third Party guarantor with overall net worth collectively adequate to the size of the loan applied.

(Third Party should be a citizen of Pakistan and resident of Punjab having a legitimate CNIC and must not be older than 55 years. Moreover, e-CIB of the third party should be clean i.e. it shouldn’t have any overdue or write off history)

Or

Guarantee of state employee of BS-10 and above along with a personal guarantee of the borrower.

(Departmental guarantee of the govt employee are going to be mandatory)

Net Worth / Wealth Description and Calculation Criteria:

Net Worth could also be within the sort of Tangible Asset i.e Property or Vehicle ownership and should be assessed as follows:

A. Property could also be valued at the respective DC rate.

Or

B. Property valuation could also be established from the Wealth Tax statement.

Or

C. Evaluation by Pakistan Banks Association (PBA) approved evaluator/agent

Or

D. Vehicle valuation shall be invoice price less depreciation (10% for every passing year).

2. Security for loan limit from Rs. 1,000,001/- to 10,000,000/-

Mortgage of Assets

Asset description

A. Residential / Commercial / Industrial / Agricultural Property/vehicle has a clean title and clear access (acceptable to the bank) and valued by banks approved appraiser as per the bank’s policy.

B. The property should be within the name of the borrower or blood relation of individual/proprietor/partners.

C. Documentation shall be as per bank credit policy / legal division. Charge / hypothecation on fixed / current assets as per internal / external regulations.

Apply Online

Join WhatsApp Group Link for Jobs and Admissions