Scheme Eligibility:

Eligibility Criteria

• All citizens holding CNIC, aged between 21 and 45 years with entrepreneurial potential are eligible. For IT/ E-Commerce related businesses, the lower age limit will be 18 years
• For IT/E-Commerce related businesses, at least matriculation or equivalent education will be required
• Above age limit condition is applicable on individual and sole proprietors. In case of all other forms of business including partnership and companies, only one of the owners, partners or directors must in the age bracket prescribed above
• Small & Medium Enterprises (startups and existing businesses) owned by youth as per above mentioned age brackets are also eligible
• In case of agriculture, farmers classification as per SBP’s "Indicative Credit Limits & Eligible Items for Agriculture Financing 2020” will be applicable.oan Type

• Term loans/working capital loans including murabaha and leasing/financing of machinery and locally manufactured vehicles for commercial use
• Only one vehicle per borrower is allowed. A borrower in food franchise and distribution business may avail financing for more than one vehicle
• Upto 65% of total financing limit can be availed for Civil Works. For agriculture, production and development loans are eligible.oan Tenor

• Long Term Loan: Upto 8 years with maximum grace period of 1 year
• For working capital/production loans and murabaha under T2 and T3, tenor will be upto 5 years. Banks will have the option to lend working capital/production loans wherein only markup will be payable during first 2 years and thereafter both principal along with the markup will be paid in next 3 years making it total repayment period of upto 5 years

Scheme Eligibility:

• All citizens holding CNIC, aged between 21 and 45 years with entrepreneurial potential are eligible. For IT/ E-Commerce related businesses, the lower age limit will be 18 years
• For IT/E-Commerce related businesses, at least matriculation or equivalent education will be required
• Above age limit condition is applicable on individual and sole proprietors. In case of all other forms of business including partnership and companies, only one of the owners, partners or directors must in the age bracket prescribed above
• Small & Medium Enterprises (startups and existing businesses) owned by youth as per above mentioned age brackets are also eligible
• In case of agriculture, farmers classification as per SBP’s "Indicative Credit Limits & Eligible Items for Agriculture Financing 2020” will be applicable

Scheme Eligibility:

The following eligibility criteria will be adhered to process the loans under Punjab Rozgar Scheme:

1.     Age: 20 to 50 years

2.     Gender: Male / Female / Transgender

3.     Resident: Citizen of Pakistan, Resident in Punjab, verified through CNIC

4.     Business Location: Punjab

5.     Business Type: Sole Proprietor, Partnership, or any business fulfilling other eligibility criteria

6.     Must have a clean e-CIB / Credit History

7.     For startups / new businesses

o   Having a viable business plan

8.     For existing businesses

o   Having a viable business plan with a focus to sustain the impact of COVID-19

9.     Having Valid CNIC

10. Any other parameter to be set by Punjab Small Industries Corporation (PSIC) / Government