Punjab Rozgar Scheme Offers Subsidized Loans to Boost Small Businesses

Small and Medium Enterprises (SMEs) are vital for economic growth, but in Pakistan—particularly Punjab—many entrepreneurs struggle to secure affordable financing. To address this challenge, the Government of Punjab, in collaboration with The Bank of Punjab (BOP) and the Punjab Small Industries Corporation (PSIC), has introduced the Punjab Rozgar Scheme. This initiative aims to provide subsidized loans to help small businesses recover and thrive in the post-COVID-19 economy.

What is the Punjab Rozgar Scheme?

The Punjab Rozgar Scheme is a financial support program designed to offer low-interest business loans to startups, small enterprises, and cottage industries.

Key Highlights

• Loan Amount: Ranging from Rs. 100,000 to Rs. 10,000,000
• Interest Rate: Subsidized and affordable
• Tenure: Flexible repayment options between 2 to 5 years
• Target Group: Youth, women, and skilled workers across Punjab
• Partners: Bank of Punjab (BOP) and Punjab Small Industries Corporation (PSIC)

Objectives of the Scheme

The program seeks to:

• Empower SMEs by improving access to finance
• Generate employment opportunities
• Support post-pandemic economic recovery
• Encourage entrepreneurship in both rural and urban areas
• Promote women and youth-led startups

Eligibility Criteria

Applicants must:

• Be Punjab residents
• Be aged 20 to 50 years
• Have a valid business idea or existing small business
• Possess basic business skills or relevant education/experience

Required Documents

• Valid CNIC
• Proof of Punjab residency
• Business plan or details of an existing business
• Bank account details
• Relevant certificates or diplomas (if applicable)

How to Apply

Interested candidates can submit applications online via the official portal:
www.rozgar.psic.punjab.gov.pk

Application Process:

1. Visit the official website
2. Register using CNIC and mobile number
3. Fill out the loan application form
4. Upload necessary documents
5. Submit and await verification

Frequently Asked Questions (FAQs)

Q: What is the loan range under this scheme?
A: Loans start from Rs. 100,000 and go up to Rs. 10 million, depending on business needs.

Q: Can existing businesses apply?
A: Yes, both new startups and operational small businesses are eligible.

Q: Who qualifies for the scheme?
A: Punjab residents aged 20–50 with a viable business idea or enterprise.

Q: Is collateral mandatory?
A: For smaller loans, collateral may not be required, but terms vary based on loan size.

Q: Are women encouraged to apply?
A: Absolutely, the scheme strongly supports women entrepreneurs.

The Punjab Rozgar Scheme is a significant step toward revitalizing small businesses and fostering economic stability in the province. Entrepreneurs are encouraged to take advantage of this opportunity to secure affordable financing and grow their ventures.