How to apply for Punjab Rozgar Scheme

Last updated on: 01 October,2020 03:11 pm

Individuals between the age of 20 to 50 can apply for the loans

LAHORE (Web Desk) - Chief Minister of Punjab Sardar Usman Buzdar Thursday inaugurated Rs30 billion worth Punjab Rozgar Scheme to provide loans for starting small scale business in the province.

Under the scheme soft loan up to 10 million rupees will be provided for rehabilitation of corona affected businesses or to start new ventures.

Individuals between the age of 20 to 50 can apply for the loans by submitting application fee of Rs2000 (non-refundable).

How to apply for Punjab Rozgar Scheme

To apply, individuals can sign up at https://rozgar.psic.punjab.gov.pk/rozgar/register with their CNIC number.

After signing up verify your number

Complete signup process and login again at https://rozgar.psic.punjab.gov.pk/

Fill the form and submit

Eligibility Criteria

The following eligibility criteria will be adhered to process the loans under Punjab Rozgar Scheme:

Age: 20 to 50 years

Gender: Male / Female / Transgender

Resident: Citizen of Pakistan, Resident in Punjab, verified through CNIC

Business Location: Punjab

Business Type: Sole Proprietor, Partnership, or any business fulfilling other eligibility criteria

Must have a clean e-CIB / Credit History

For startups / new businesses           Having a viable business plan

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

Having Valid CNIC

Any other parameter to be set by Punjab Small Industries Corporation (PSIC) / Government

Target Group of the scheme

University/College Graduates with entrepreneurial skill

Diploma/Certificate holder from TVET having technical/vocational training.

Artisans and skilled workers

Existing Businesses (However, preference will be given to existing businesses in wake of the current 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.