Punjab Minister for Industry and Commerce Aslam Iqbal has said that the Punjab Employment Revolutionary Scheme will be launched this month, application processing fee of Rs 2,000 and loan approval in 20 days.
The Punjab Minister for Industry and Commerce said that the Punjab Employment Revolutionary Scheme would be launched this month, the application processing fee would be Rs 2,000 and the loan would be sanctioned in 20 days while the repayment period would be 2 to 5 years while the grace period would be 6 months.
Yesterday, Punjab Chief Minister Usman Bazdar had approved the launch of the Punjab Employment Scheme. Under the scheme, loans of Rs 30 billion would be given on easy terms.
Usman Bazdar said that loans would be provided to new entrepreneurs for existing businesses, loans up to Rs 10 million could be taken under the scheme and transgander would also be able to avail the loan scheme while the mark-up for women has been kept low.