punjab rozgar scheme project business plan

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BRIEF ON PUNJAB ROZGAR SCHEME (PRS)

Punjab Rozgar Scheme, a flagship initiative of Government of the Punjab has been launched during October 2020 to provide subsidized credit facilities to the startups and existing business (SMEs) in collaboration with Commercial Banks from Rs.100,000/- to Rs.10.00 million on subsidized rate of markup i.e. 4% & 5% p.a.

Punjab Green Development Program (PGDP) has been initiated to improve environment quality in the province and to reduce air, soil, and water pollution; address deforestation, floods, and land degradation; manage surface water and groundwater resources; conserve natural resources and protect biodiversity; develop public transportation and other alternatives to private motorized vehicles; integrate environmental considerations in public policymaking and private investments; comply with international standards and enhance green competitiveness; and to promote resource and energy efficiency.

Bank of Punjab (BoP) accepted the offer of Punjab Government to execute the scheme in collaboration with PSIC/GoPb to provide credit facility from own resources.

The online mechanism for receipt and processing of applications has been developed with dedicated web portal of Punjab Rozgar Scheme with the support of Punjab Information Technology Board. The broad features of the scheme as under:

The target group is as under:

• • University/College Graduates
• • Diploma Holders of Technical Training Institutes
• • Artisans and skilled workers
• • Existing Businesses effected by COVID-19

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Punjab Rozgar Scheme

Small & Medium Enterprises are the back bone of a country’s economy, and their growth is one of the key factors of economic uplift. Despite their importance, these businesses lack access to financing options. In order to give boost to this neglected sector, Government of Punjab has been working on various uplift initiatives which have been merged as a single scheme post-COVID. “Punjab Rozgar Scheme”, launched by Punjab Small Industries Corporation (PSIC) in collaboration with The Bank of Punjab aims to provide subsidized small business loans in the range of Rs. 100,000/- to Rs. 10,000,000/-

Salient Features of the scheme along with eligibility criteria is as follows:

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An Overview of the Recently-launched Punjab Rozgar Scheme

Home » Lifestyle » An Overview of the Recently-launched Punjab Rozgar Scheme

In This Post Scope of Punjab Rozgar Scheme Targeted Sectors Eligibility Criteria for Punjab Rozgar Scheme Documents & Information Needed How to Apply for Punjab Rozgar Scheme 2020 Features of Punjab Rozgar Scheme 2020

In order to support and promote the scope of cottage industry and different types of micro, small- and mid-sized enterprises (MSMEs) in Punjab, the provincial government has recently launched the Punjab Rozgar Scheme. It’s an initiative of the Government of Punjab, which is being jointly supported by the Punjab Small Industries Corporation (PSIC), a statutory body established by the provincial parliament under the PSIC Act, 1973.

So, if you want to learn more about this newly launched employment programme by the Punjab Government, then you have come to the right place. In this blog, we will give you a complete overview of the Punjab Rozgar Scheme, detailing the scope of this initiative and how it will support the unemployed section of the society and help in developing small and medium-scale industries.

Let’s begin!

Scope of Punjab Rozgar Scheme

The scope of this employment programme launched by the Punjab Government is to provide financial support to start-ups as well as the existing small-scale businesses that have been severely affected in recent years due to the COVD-19 pandemic. 

The initiative supports different industries such as trade, service, agriculture, manufacturing and livestock sectors. The programme has been designed with a total cost of PKR 30 billion which will be used to provide subsidized credit to the approved applicants in collaboration with banks. The credit can be used in micro, small and medium startups and even existing businesses. The loans granted will amount from PKR one lakh to a maximum of PKR one crore.

Target Sectors of the Punjab Rozgar Scheme

According to the official website of the Punjab Rozgar Scheme, the target sectors of this government-run programme have been listed as under:

• University/College grads with entrepreneurial skill
• Diploma/Certificate holder from Technical and Vocational Education and Training (TVET) having technical/vocational training.
• Artisans and skilled workers in the cottage industry.
• Existing businesses. However, preference will be given to the ones affected by the 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

Eligibility Criteria for Punjab Rozgar Scheme 2022

Some of the key pointers regarding the eligibility criteria for the Punjab Rozgar Scheme are as follows:

• People falling in the age group from 20 to 50 years are eligible to apply.
• Applicant should be a citizen of Pakistan, resident in Punjab, verified through CNIC
• Businesses availing credit facility in Lahore should be based in Punjab
• Businesses eligible for the programme include sole proprietorship, partnership, or any business fulfilling other eligibility criteria
• The applicant must have a good credit history
• New startups must have a viable business plan with proper forecasting

Note: You need to have a valid domicile certificate, verifying that you are a resident of Punjab. To help you in this regard, we have written a detailed post on how to verify your domicile online in Punjab.

Documents & Information You May Need

Following is the list of documents for which you will need the scanned copy to attach to your online application. 

• A picture with a complete face
• Front-side of CNIC
• Back-side of CNIC
• Latest educational degree/certificate, if and whatever applicable (Matric, Intermediate, Bachelors, Masters, PHD) etc (if applicable)
• Experience certificate(s) (if applicable)
• License / Registration with chamber or trade body (if applicable)
• Scanned copy of security documents to be offered for availing Loan

Furthermore, keep the following documents handy while filling out your application.

• National Tax Number(non-mandatory), in case you don’t have one please register at https://iris.fbr.gov.pk/
• Consumer ID of electricity bill installed at your current address
• Consumer ID of electricity bill installed at your current office address (if applicable)
• Registration number of any vehicle registered in your name (if applicable)
• In case of new business an estimate of monthly business income, business expenses, household expenses and other income
• In the case of existing business actual monthly business income, business expenses, household expenses and other income
• Name, CNIC and Mobile numbers of two references other than a blood relative

How to Apply for Punjab Rozgar Scheme

Here is the application process for the Punjab Rozgar Scheme:

• First of all, visit the official website of the Punjab Rozgar Scheme
• On the home page, you see the following window. Click on the Sign-up button to continue with the application process for Punjab Rozgar Scheme
• The next screen appearing will have fields where you have to fill in your name, valid CNIC number, your mobile number
• After providing your personal information, the next section will be about your business information. After providing all the required information, you’ll have to fill in the details about your credit. 
• Also, don’t forget to upload all the necessary documents related to your personal and business details during the online application process for the Punjab Rozgar Scheme

You will need 15 minutes to fill out the application if you have all the required documents and once submitted, you will not be allowed to make any changes. You can complete the application in a single go or you can save your information in a current section. Moreover, you can also upload documents which you think will help your application and case such as financial statements and business feasibility etc. 

Once your application is submitted, your application number will be generated on the screen and you will also receive an SMS notifying you of the same. After submitting the application online, you will need to deposit PKR 2,000 in your nearest Bank of Punjab branch using the same application number. Once done, the processing of your application will start. You will also be alerted via SMS as your application moves to the next step. You can also check the status using the link .

Note: You can only file an application if you are a new applicant or your previous application was rejected or you have paid off the load if acquired previously.

Salient Features of Punjab Rozgar Scheme 2022

• As discussed, the scheme provides loan amounts ranging from PKR 1 lakh to 1 crore
• Loan Tenure from 2 till 5 years including a grace period of six months
• Offers the lowest mark-up rate as it is a government-sponsored programme to provide subsidized credit facilities
• You will have to pay a non-refundable application fee of PKR 2,000 at the time of submission

This brings us to the end of our detailed overview of the newly-launched Punjab Rozgar Scheme. We hope this piece has provided you with all the useful information about this government-sponsored employment programme. If you still have any queries or feedback related to our blog, feel free to contact us by emailing us at [email protected] . 

You may also like our detailed blog post on Punjab’s E-Rozgar Program and Kamyab Jawan Programme , both of which are government-run initiatives focused on providing credit facilities and employment opportunities to deserving entrepreneurs and job seekers, respectively.

For more informative pieces and lifestyle guides, stay tuned to Zameen Blog , the country’s best lifestyle and property blog. Subscribe to our e-newsletter to get all our latest updates.

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Feasibility Report

• Feasibility Report Writing
• Feasibility Report for Punjab Rozgar Scheme

It takes more than a great idea to secure business loan from a commercial bank or any public sector financing scheme like Kamyab Jawan Program (Youth Entrepreneur Scheme) or Punjab Rozgar Scheme's for small or medium business. If you are looking, to get help writing a professional business plan or feasibility report of your business, we are here to assist you. We create a fundable and comprehensive business plan or feasibility report, keeping in view your risk and success factors. We can help you to develop an effective business proposal, bringing your startup or existing business expansion from idea to securing loan from government reduced interest rate schemes. Although eligibility criteria under this loan scheme suggest that it would focus on University/College Graduates with entrepreneurial skills or a Diploma / Certificate holder from TVET having technical/vocational training or an artisan or skilled workers. As per guidelines of Punjab Small Industries Corporation However, business plan writing demands hands-on experience of canvasing your business idea into practical implementation and turning into reality. Our plans / reports are persuasive and evidenced due to thorough research, and years of experience of working with various business sector and industries, and proven to generate results. We deliver a 15-20 page full-scale business plan or feasibility report that includes information such as:

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Our analyst will evalute your: Industry's history, current state, growth trends. Profiles of your ideal and potential Clients/Consumers Market size using imperical techniques Risk factors and mitigants Alongwith this analysis, details feasiblity report shall substantiate prospective customers background, demographics and desires.

Attracting customers to a startup business requires an effective, cautious and deliberate strategy. Our business plan entails: Optimal strategy for your specific business Explaining techniques that will be used to build product or services awareness to attract customer We consider every aspect of your promotion strategy.

Bank or any financial institution wants to know that there is a strong plan in place to manage the operations of your business. A professional business plan provides a detailed description of your startup or expansion plan for: Human resource management Customer service Operational structure Quality assurance

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Using data collected through our research, and notes taken for certain assumptions, we will prepare a financial projections of your business plan and furnish following financial statements: Profit & Loss Account Cash Flow Statements Balance Sheet Valuation and Funding Requirements Payback Period

Bank wants to know who will be managing the business, and why those individuals are qualified to lead the startup to success. Your business plan will include detailed bios of each member and manager on your team; best demonstrating to bank that your team can handle the challenge of bringing your idea to life and growing it.

After analyzing market data, our analyst will form and present the best potential exit strategy options; bringing all the elements of your business plan together to show the bank what type of return they can expect.

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Punjab Rozgar Scheme 2024 – Business Loan | Punjab Rozgar Scheme Application Form

Punjab Rozgar Scheme 2024 Next phase has been launched with the total cost of Rs. 30,000.00 million to provide the support to newly established business or running small industries. Those people who are resident of Punjab province are eligible for this program to get loan and start business. This loan will scheme will start with the collaboration of Commercial Banks.

This scheme will be for trade, service, manufacturing, agriculture and livestock sectors in Punjab. Under this program government will provide financial support to provided to Micro and other enterprises that want to approve resource effective and cleaner production technologies to improve environmental performance.

Punjab Rozgar Scheme has been designed with special focus on generating employment opportunities for the youth by creating economic activities. University Graduates with Entrepreneurial Skills and Diploma / Certificate holders of Technical / Vocational Training Institutes, as well as existing businesses.The complete details of Punjab Rozgar Scheme Application Form,eligibility criteria and application submission process given at this page.

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Eligibility Criteria :

Those who want to get loan through Punjab rozgar scheme must meet the following criteria:

• 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

Details of Punjab Rozgar Scheme 2024

How to apply for punjab rozgar scheme.

Candidates who fulfill above given criteria can submit online application at https://rozgar.psic.punjab.gov.pk

Required Documents:

• Picture with complete face
• Front-side of CNIC
• Back-side of CNIC
• Latest Educational degree / Certificate, if and whatever applicable (Matric, Intermediate, Bachelors, Masters, PHD) etc (if applicable)
• Experience certificate(s) (if applicable)
• License / Registration with Chamber or Trade Body (if applicable)
• Scanned Copy of Security Documents to be offered for availing Loan

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