In collaboration with the Government of Punjab and Akhuwat group, Interest free loans will now be provided to the unemployed skilled persons in the province under the Chief Minister Shahbaz Shareef’s Khud Rozgar Scheme. Chief Minister’s Self Employment Scheme’s aim is to provide interest free loans for youth to start up or finance their own business, so that development is given boost.
A total amount of 2 billion rupees has been allocated by the Punjab Government which in collaboration with Akhuwat ensures transparency and merit. Main aim is of empowering youth and providing them an opportunity to put their skills at use.
CM Punjab Apna Karobar Loan Scheme 2014 Youth Development Fund Application Form Eligibility Criteria
All Pakistanis, men and women, who have a valid CNIC and their age is between 21 and 45 are eligible for this scheme. Applicants should be in a condition to meet with the episodic return of the loan. Youth with entrepreneurial potential is eligible to apply from designated branches mapped with area of residence or business.
Terns & Conditions:
1: If Government of Pakistan at any Stage cancel this Loan Scheme for any Reasons, then Applicant has to repay the loan with new Markup at that time.
2: Bank without any notice to Applicant, can withdraw or retake the Loan money from any account of the person who has received the loan.
3: Government Employee of 15th or upper grade for Security of your application.
4: Bank Statement of 1.5% of the demanded loan in the form of Bank Statement for PM Youth Loan Scheme Application.