TEVTA Punjab Qarz-e-Hasna Scheme 2015
CM Punjab Main Shabaz Sharif has announced Qarz e Hasna Scheme 500 Million Rupees for TEVTA Akhuwat .CM Shahbaz Sharif TEVTA Qarz-e-Hasna Scheme 2015 Akhuwat Loan for TEVTA Trained Professionals.
TEVTA Akhuwat Loan Qarz-e-Hasna Scheme 2015 :
PM Main Shahbaz Sharif has announced the TEVTA Qarz-e-Hasna Scheme 2015 Akhuwat Loan scheme for Unemployed educated students of Punjab who are gruate from TEVTA. They can get Loan under this scheme and start their work and invest in any field so that they can help them to decrease the Unemployment in this country.
CM Punjab Interest-Free Loans for TEVTA Graduates through AKHUWAT:
TEVTA is burning of giving Interest Free Loan to their graduate through Akhuwat and Akhuwat is willing to attempt intrigue free small scale loaning exercises for supporting TEVTA graduates with assets adding up to PKR 500 million amid the year 2015-16. The TEVTA will loan an asset of PKR 500 million to Akhuwat for interest free small scale loaning to TEVTA graduates to new companies and existing organizations which require money to become further. Advances will be run from sum PKR 10,000 to 100,000. Advances will be given in Province of Punjab.
The asset of Rs. 500 million gave in the first year will be spun, making complex riches era and vocation open doors for a great many graduates over the task time of 10 years.
How to get Akhuwat Loan Application Fee and Procedure:
Microfinancing of PKR 500 Million through AKHUWAT DETAIL:
Total loan portfolio of PKR 500 million.
Interest free loan size of: up to PKR 100,000.
Repayment period from borrowers: up to 2 years.
Mode of repayment of interest free loan: on monthly basis.
Interest rate to be charged from borrowers: 0%
Loan application fee: upto PKR 200.
Contributory fund for the re-payment of loan in case of death of borrower: @ 1% of loan amount and it will be paid by borrower.
Bad debts provision: @ 5% of the annual loan portfolio to be picked up by TEVTA. The bad debts will be waived off annually.
Pro-poor, non-political and non-sectarian dimension of project will be ensured under all circumstances.
The graduates (Pass-outs) of TEVTA or present students may contact the focal person in institutions or Akhuwat / CWCD branches directly with reference to TEVTA for details / processing of applications.