The Apna Rozgar Scheme In order to provide young people without jobs with a place to work, former Punjab chief minister Shahbaz Sharif launched his employment program. As a result, 50,000 cars were donated to young people without work in Punjab. Like other aid efforts managed by the Punjab government, he said, this program would be free from political involvement and corruption. About 50,000 families in Punjab were employed by this scheme. The new Punjabi chief minister, Maryam Nawaz, is resuming the initiative.
Apna Rozgar Scheme Eligibility Requirements
The eligibility criteria for the Apna Rozgar Scheme have been maintained very clear. Only those who fulfill the qualifications listed below are qualified to take part in this program.
- Applicants for the Apna Rozgar initiative must be between the ages of 20 and 50.
- Applications from males, women, and transgender persons are also encouraged for this program.
Pakistani citizens residing in Punjab may be eligible for the program.
Youths with valid National Identity Cards who reside in any city in Punjab are also eligible for this plan. - Punjab must also be the company’s location.
- ECIB credit history is necessary.
Read Also: BISP Launches Apna Ghar Scheme in Flood-Affected Regions 2024
Apna Rozgar Scheme for Required Documents
To apply for the Rozgar plan, you need to have the following necessary documents.
- full-face photo
- Front and rear sides of the identification card
- most recent certificate or degree of education (if relevant)
- Experience Certificate (if relevant)
- Registration/licensing with a trade association or chamber, if relevant
Apna Rozgar Scheme Terms And Conditions
| FEATURE | DESCRIPTION |
| Loan limit | Up to Ten Million Rupees Clean lending: up to Rs. 1,000,000 in amounts. From Rs. 1,000,001 to Rs. 10,000,000 in secured lending The loan ceiling under the Punjab Green Development Program won’t change. Microbusinesses with up to ten employees that are prepared to implement technology that improves the environment will, however, be given preference. |
| Purpose of loan | Establishing New Enterprises for Balancing, Modernization, and Replacement (BM&R) of Current Enterprises Manufacturing, services, trade, agriculture, and livestock are the working capital MSME sectors. The Punjab Green Development Program will also take into account environment-friendly and quality-improving micro enterprises. |
| Processing fee | Rs. 2000 (non-refundable) at the time the application is submitted. |
| Tenure of loan / Repayment Period | between two and five years, with a grace period |
| Grace period | For up to six months (06) (But, during the grace period, the markup will be assessed.) |
| Type of loan | Term loan as per bank policy and working capital |
| Cost of Capital | For up to six months (06) (But, during the grace period, the markup will be assessed.) |
| Debt: Equity | 80:20 (for men) 90:10 (Differently Abled, Women, and Transgender) (This means that the borrower will contribute 20% or 10% of the project’s cost.) |
| Disbursement of loans | according to the authorized business plan, in installments |
Read Also: Your Guide to the Neghaban Program Card for Muft Rashan 2024
How To Apply For Apna Rozgar Scheme
The Punjab Rozgar Scheme’s online application process is quite simple. To submit your application, just follow the instructions listed below.
- Start by launching the PSIC portal on your PC or mobile device.
- Click on Applicant Signup after that.
- Enter all necessary information after selecting Applicant Signup.
- Click the “registered” button below once you’ve filled out all the required information.
Watch the video below for instructions on what to do next after registering. This you can use to submit your application step-by-step after finishing every step.
Conclusion
The main objective of the Apna Rozgar Scheme is to eradicate unemployment nationwide. Cars are donated to youth under this program for a slight profit. This initiative was made available to all young people in the province by the Punjabi government. The Chief Minister of Punjab always seeks to provide employment possibilities for Pakistani youngsters. The young of Punjab, including males, women, and transgender people, will also benefit from this program.
What is the main goal of the apna rozgar scheme?
The main objective of the Apna Rozgar Scheme is to eradicate unemployment nationwide.
Who is this initiative going to help?
The young of Punjab, including males, women, and transgender people, will also benefit from this program.