CM PUNJAB APNA ROZGAR SCHEME APPLICATION FORM FOR LEASE FINANCE UNDER SELF EMPLOYMENT SCHEME FOR EDUCATED UNEMPLOYED YOUTH 2014-15
APPLICATION FORM FOR LEASE FINANCE UNDER SELF EMPLOYMENT SCHEME FOR EDUCATED UNEMPLOYED YOUTH 2014-15
This form is available free of cost FOR Suzuki Ravi & Suzuki Bolan VEHICLE APPLIED FOR Application Fee (Non-refundable)
Nature of Business: Transport (Sole Proprietorship)
Vehicle Suzuki Ravi
Token payment (Refundable)
Total Rs. 11,000/-
Vehicle Suzuki Bolan
Token payment (Refundable)
Total Rs. 12,000/-
PERSONAL INFORMATION:Marital Status: Married Un-Married
Expiry Date:Gender Driving License #: Date of Issue:
Two Recent Photographs duly attested
Attested copy of Domicile certificate
Copy of utility bill (Electricity or Gas or phone or Water) of the applicant’s residence
Attested copy of education certificates
Affidavit (on Rs. 50/- stamp paper) regarding unemployment status, having
no default/criminal history and total assets not more than Rs. 2 Million
Attested copy of valid driving license
Attested copy of valid CNIC of applicant
Prescribed Application Form duly filled & signed by applicant & guarantors
Attested copy of valid CNIC of 2 Guarantor
Attested copy of valid CNIC of 1st Guarantor
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All those applicants who have received vehicles under the previous scheme of Yellow Cab introduced by Govt would be ineligible to apply this time Only one application per person shall be accepted.Lease facility for only one vehicle per family (applicant and his/her parents/spouse & children) shall be allowed.
Applicant must be 21 to 35 years of age as on October 31, 2014.
Applicant must possess valid CNIC.
Applicant must possess a valid Car Driving license issued on or before October 31, 2014.Applicant must have minimum qualification of Matric or equivalent.
The applicant must not be defaulter of any bank/Financial Institution.
Applicant must not have any criminal record.
Applicant must be domiciled in the district from where application is being made.
The total assets of applicant and his/her parents/spouse & children must not be
valued at more than Rs. 2 million.Applicant must not be employed in any public or private organisation.Applicant cannot be guarantor of another applicant.
The vehicle shall be used for the purpose it is allowed.The vehicle shall not be transferred in the name of successful applicant till maturity of lease facility or 03 years, whichever comes earlier. The facility is subject to compliance of all SBP prudential regulations.The application may be rejected/cancelled or facility may be
called back at the sole discretion of BOP, if any stated information is found incorrect, false or forged. The charges relating to legal documentation, repossession or any other matter related to lease facility will be borne by applicant.
Application fee shall be submitted with application
form and will be non-refundable.
Allowing the facility shall be subject to availability of allocated quota, compliance of PR, future cash flows & verification of credentials & veracity of documents.
Selection will be done through computerized balloting against quota of his/her Tehsil of residence. Successful candidate will have to complete a 5 days mandatory
training at the driving school identified by Transport Department,
Govt. of the Punjab.
Incomplete & false information shall lead to disqualification of the applicant and he/she shall not have right to initiate any legal proceedings against the BOP.
Rules & procedures of the bank shall remain applicable all the times.
Successful applicants shall deposit Lease Key Money within stipulated period.
Incase leased vehicle is repossessed on account of default in payment of either lease rentals or lease agreement, Bank shall be entitled to recover from lessee, repossession charges upto Rs.100,000/- or actual (whichever is lower)
in addition to penalty charges of Rs.10,000/-.