In This Post
Scope of Punjab Rozgar Scheme
Targeted Sectors
Eligibility Criteria for Punjab Rozgar Scheme
Documents & Information Needed
How to Apply for Punjab Rozgar Scheme 2020
Features of Punjab Rozgar Scheme 2020
In order to support and promote the scope of cottage industry and different types of micro, small- and mid-sized enterprises (MSMEs) in Punjab, the provincial government has recently launched the Punjab Rozgar Scheme. It’s an initiative of the Government of Punjab, which is being jointly supported by the Punjab Small Industries Corporation (PSIC), a statutory body established by the provincial parliament under the PSIC Act, 1973.
So, if you want to learn more about this newly launched employment programme by the Punjab Government, then you have come to the right place. In this blog, we will give you a complete overview of the Punjab Rozgar Scheme, detailing the scope of this initiative and how it will support the unemployed section of the society and help in developing small and medium-scale industries.
Let’s begin!
Scope of Punjab Rozgar Scheme
The scope of this employment programme launched by the Punjab Government is to provide financial support to start-ups as well as the existing small-scale businesses that have been severely affected in recent years due to the COVD-19 pandemic.
The initiative supports different industries such as trade, service, agriculture, manufacturing and livestock sectors. The programme has been designed with a total cost of PKR 30 billion which will be used to provide subsidized credit to the approved applicants in collaboration with banks. The credit can be used in micro, small and medium startups and even existing businesses. The loans granted will amount from PKR one lakh to a maximum of PKR one crore.
Target Sectors of the Punjab Rozgar Scheme
According to the official website of the Punjab Rozgar Scheme, the target sectors of this government-run programme have been listed as under:
- University/College grads with entrepreneurial skill
- Diploma/Certificate holder from Technical and Vocational Education and Training (TVET) having technical/vocational training.
- Artisans and skilled workers in the cottage industry.
- Existing businesses. However, preference will be given to the ones affected by the COVID-19 pandemic
- Micro and other enterprises that apply for a loan to adopt resource-efficient and cleaner production technologies or any Green / Environment-friendly intervention to improve the environmental performance of their operations
Eligibility Criteria for Punjab Rozgar Scheme 2022
Some of the key pointers regarding the eligibility criteria for the Punjab Rozgar Scheme are as follows:
- People falling in the age group from 20 to 50 years are eligible to apply.
- Applicant should be a citizen of Pakistan, resident in Punjab, verified through CNIC
- Businesses availing credit facility in Lahore should be based in Punjab
- Businesses eligible for the programme include sole proprietorship, partnership, or any business fulfilling other eligibility criteria
- The applicant must have a good credit history
- New startups must have a viable business plan with proper forecasting
Note: You need to have a valid domicile certificate, verifying that you are a resident of Punjab. To help you in this regard, we have written a detailed post on how to verify your domicile online in Punjab.
Documents & Information You May Need
Following is the list of documents for which you will need the scanned copy to attach to your online application.
- A picture with a complete face
- Front-side of CNIC
- Back-side of CNIC
- Latest educational degree/certificate, if and whatever applicable (Matric, Intermediate, Bachelors, Masters, PHD) etc (if applicable)
- Experience certificate(s) (if applicable)
- License / Registration with chamber or trade body (if applicable)
- Scanned copy of security documents to be offered for availing Loan
Furthermore, keep the following documents handy while filling out your application.
- National Tax Number(non-mandatory), in case you don’t have one please register at https://iris.fbr.gov.pk/
- Consumer ID of electricity bill installed at your current address
- Consumer ID of electricity bill installed at your current office address (if applicable)
- Registration number of any vehicle registered in your name (if applicable)
- In case of new business an estimate of monthly business income, business expenses, household expenses and other income
- In the case of existing business actual monthly business income, business expenses, household expenses and other income
- Name, CNIC and Mobile numbers of two references other than a blood relative
How to Apply for Punjab Rozgar Scheme
Here is the application process for the Punjab Rozgar Scheme:
- First of all, visit the official website of the Punjab Rozgar Scheme
- On the home page, you see the following window. Click on the Sign-up button to continue with the application process for Punjab Rozgar Scheme
- The next screen appearing will have fields where you have to fill in your name, valid CNIC number, your mobile number
- After providing your personal information, the next section will be about your business information. After providing all the required information, you’ll have to fill in the details about your credit.
- Also, don’t forget to upload all the necessary documents related to your personal and business details during the online application process for the Punjab Rozgar Scheme
You will need 15 minutes to fill out the application if you have all the required documents and once submitted, you will not be allowed to make any changes. You can complete the application in a single go or you can save your information in a current section. Moreover, you can also upload documents which you think will help your application and case such as financial statements and business feasibility etc.
Once your application is submitted, your application number will be generated on the screen and you will also receive an SMS notifying you of the same. After submitting the application online, you will need to deposit PKR 2,000 in your nearest Bank of Punjab branch using the same application number. Once done, the processing of your application will start. You will also be alerted via SMS as your application moves to the next step. You can also check the status using the link.
Note: You can only file an application if you are a new applicant or your previous application was rejected or you have paid off the load if acquired previously.
Salient Features of Punjab Rozgar Scheme 2022
- As discussed, the scheme provides loan amounts ranging from PKR 1 lakh to 1 crore
- Loan Tenure from 2 till 5 years including a grace period of six months
- Offers the lowest mark-up rate as it is a government-sponsored programme to provide subsidized credit facilities
- You will have to pay a non-refundable application fee of PKR 2,000 at the time of submission
This brings us to the end of our detailed overview of the newly-launched Punjab Rozgar Scheme. We hope this piece has provided you with all the useful information about this government-sponsored employment programme. If you still have any queries or feedback related to our blog, feel free to contact us by emailing us at blog@zameen.com.
You may also like our detailed blog post on Punjab’s E-Rozgar Program and Kamyab Jawan Programme, both of which are government-run initiatives focused on providing credit facilities and employment opportunities to deserving entrepreneurs and job seekers, respectively.
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