Punjab Employment Scheme 2024
The hours of waiting are now over and finally the online registration of Punjab Employment Scheme 2024 has officially started. If you belong to the province of Punjab, and you want to set up a new business or you want to expand an existing business, then in both cases you get a loan from the Punjab government at a subsidized markup of Rs 1 lakh. One crore rupees. So, if you also want to get a loan under this scheme by registering from the comfort of your home, you will get a complete discussion about it in this article.
In this article, you will get to see the complete procedure to complete the registration to get a loan as well as the eligibility criteria set by the Punjab government to complete the registration. So if you are interested in getting complete information, you need to read the article.
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Salient Features of Employment Scheme
If we talk about the salient features of this employment scheme, let me tell you that the loan amount under the employment scheme will be provided to new and established businesses. The loan limit will be from Rs.100,000 to Rs.1,000,000 without any collateral, but the loan amount above Rs.1,000,000 and up to Rs.10,000,000 will be secured.
The loan tenure under this scheme will vary between 2 to 5 years with an inbuilt grace period of six months. A loan is a term loan. A specific borrower-to-capital ratio is fixed, ie 80:20 for men and 90:10 for women, transgenders and the disabled. People from all sectors can apply under this scheme, and online applications will be submitted through the portal of Punjab Small Industries Corporation.
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Eligibility Criteria for Punjab Employment Scheme
If you are also willing to get a loan by registering yourself under this loan scheme launched by the Government of Punjab, then you must meet the following eligibility criteria. If you do not meet these eligibility criteria, you will not be able to complete your registration.
Category of Beneficiaries
Men, women and transgender persons in the age group of 20 to 50 years are covered under the employment scheme.
The applicant should be a citizen of Pakistan as well as a person permanently residing in Punjab because as mentioned earlier, the identity will be verified through the identity card.
Beneficiaries
Applicants who hold a qualifying degree/diploma/technical from a technical institute/institute of technical education etc.
- Skilled manpower and trained persons are also eligible to apply for the scheme.
- Under the Punjab Employment Scheme, a candidate with a new business can also get a loan if he has already established a business.
Step-by-step process to complete online registration in Punjab Employment Scheme
You are from Punjab and you want to take loan to start a new business, or you want to expand an existing business. For that, here I am going to tell you the complete procedure to complete your online registration in the employment scheme. You can complete your online registration at home using your mobile or computer if you follow the procedure given below.
- Click on open the official website of the employment scheme available through the given link https://rozgar.psic.punjab.gov.pk/rozgar/register where you can create your new account or registration by
- clicking on applicant signup .
- Then, enter all the details required to create an account.
- After successfully opening your account, log in to it by clicking on the Sign In option.
- As soon as you log into your account, in the right corner you will find a new application button.
- Click on the New Application button to open your application form.
- Submit your application with complete information required in the application form.
Here is a full video for you too. And if you face any kind of hurdle in completing the registration then you can complete your registration by watching the below video. https://esaasnews.com/
Documents required for registration
- Photo with full face
- Front side of ID card
- The back of the ID card
- Recent Degree/Certificate (if any)
- Experience Certificate (if any)
- Licensing/Registration with Chamber or Trade Organization (if any)
Final Thought
Small and medium enterprises are the backbone of any country’s economy. The Punjab Government has taken a commendable step to develop these businesses by launching the Punjab Employment Scheme. Under this laudable program launched by the Government of Punjab, if a person wants to start a small and medium business or expand his existing business, he can easily get a loan with a subsidized markup.
In this article, after completing their registration in this scheme, the aspirants are provided with the complete procedure to avail the loan. Also, in this article, complete information about eligibility criteria and documents required for registration is provided.