Punjab Karobar Card Scheme
The Punjab government has announced interest-free loans of 100,000 to 10 lakh to small and medium entrepreneurs. All farmers registered under the Punjab Karobar Card Scheme will be provided with Karobar Cards. With the help of these cards, they will be able to get a loan of Rs 100,000 to Rs 10 lakh from their nearest Bank of Punjab. Registration for this scheme will start from January 2025.
After completing the registration of all the entrepreneurs who have submitted their applications for registration, a draw will be held. After this, financial assistance will be provided to the selected farmers. In the article, you will be provided with complete information about the Punjab Karobar Card Scheme. It will be completely explained which people can register and how to get a loan of up to Rs 10 lakh by registering. Read the article carefully to get details.
Registration Procedure For Karobar Card
The online registration process has not been introduced in the Punjab Karobar Card Scheme yet. But soon an online procedure will be introduced under which all the farmers and certified brothers will be able to become a part of this scheme by submitting an online application. After this, a transparent draw will be held for all the successful candidates who meet the eligibility criteria.
Which, after completing the survey of the selected industrialists, the financial assistance will be transferred to the account. To get financial assistance, you will have to register yourself with the Bank of Punjab. If you are interested in submitting your application, then stay connected with us. Soon you will be fully informed about the online website. Moreover, the complete procedure will also be told how you can get your online registration done.
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Benefits Of Punjab Karobar Card Scheme
The Punjab Karobar Card Scheme is very useful for small and medium-scale industrialists. They can get an interest-free loan to expand their business by submitting their application. The salient benefits of the Punjab Karobar Card Scheme are as follows:
- Loans ranging from Rs 1 lakh to Rs 10 lakh will be provided under Punjab Karobar Card Scheme
- Every citizen of Punjab will be able to submit an application
- This loan will be provided interest-free
- A grace period of three months will also be given to ensure repayment of the profit generated from the business
- It will be possible to get the money from your nearest Bank of Punjab
- A period of five years has been allotted for repayment
- An online portal will be introduced for submitting the application
- A personal survey of the farmers selected in the draw will also be completed
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Who Are Eligible For Punjab Karobar Card
The eligibility criteria for the business card have been made very easy. Now if you also want to submit your application, then read these steps carefully and submit your application.
- The applicant should belong to Punjab in the morning
- He should have a National Identity Card
- His business should be registered Small business owners will be given a loan of up to Rs 10 lakh
- Loans will not be provided for special businesses such as restaurants, hotels, etc.
- There should be the ability to repay the loan
- There should be no false statement in the application
- Your application should be submitted before the due date
- All the information entered must be proven true in the survey
- Otherwise, the selection will be canceled
Punjab Interest-Free Loan Latest Update
The Punjab government aims to increase employment opportunities by providing interest-free loans to small industrialists and entrepreneurs. Under the Punjab Karobar Card Scheme, interest-free loans will be provided to all small and medium industrialists across Punjab.
Registration will start in January 2025. After one month of registration, a draw will be held and interest-free loans will be provided to the selected individuals by the Bank of Punjab. After a grace period of three months, you will pay a small installment every month. The installment repayment period has been selected to be five years.
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Conclusion
According to the previous survey, 4.5 million youth are unemployed in Pakistan. To provide them with better employment and job opportunities in Punjab, the Punjab government has decided to provide interest-free loans to small entrepreneurs. All small and medium entrepreneurs can get a loan of up to Rs 1 million. You have been given complete information about registration and eligibility in the Punjab Karobar Card Scheme.
If no website is introduced for submitting online applications, you will be able to ensure your registration from http://rozgar.psic.punjab.gov.pk/. Registration has not started yet. Soon the registration process will be started and the process of receiving applications will be started. You can join our WhatsApp channel or Facebook page to get the latest updates regarding registration.