Friday , September 20 2019

Punjab loan scheme for youth 2019

Punjab loan scheme for youth 2019

The Punjab government finalized the loan program for the youth. Punjab government has decided to launch ‘Punjab Credit Guarantee Scheme’ (PCGS) aimed at providing loans to youth on soft conditions. Punjab Minister for Industry and Trade Mian Aslam Iqbal stated that initial paper work had been completed whereas Prime Minister (PM) Imran Khan will formally launch the scheme soon. He added that women could obtain loans at soft conditions.

The Punjab government finalizes the loan program for youth. Ministry of Finance, Industry and Trade Mian Aslam Iqbal said that under the program, a loan of Rs. 6 billion will be lend to Rs. 6 lakhs, women will get special discount in the loan program.

The industry said that 80 percent cast government and 20 percent of the boys would tolerate themselves, when 90 percent government and 10 percent of cast women will be tolerated for girls, Grace Pediatric 10 months for women when boys There will be 6 months. Mian Aslam Iqbal said that operational cast would be 7% for boys, 6% for girls and lending students with advanced faculty technical facilities, Prime Minister Imran Khan was given a certified approval by program programming.

Punjab government loan scheme for youth:

Punjab government  launch loan scheme for youth. To obtain loan, the candidate will submit his business idea with the departmental committee through online application. If committee approves the idea, the amount of the loan will be issued.

Under PCGS, a male candidate will invest 30& of the total amount required for initiating business whereas the rest of 70 % would be provided by the provincial government. On the other hand, a female aspirant will invent 20% of the total amount whereas rest of the 80% would be provided by the departmental committee.

 

Once acquired, the borrower would be exempted from paying any installment till 12 months.

The 3% markup on amount of loan would be paid by provincial government.

The minister added that government had acquired Rs 550 million for the scheme in the initial phase.

Universities’ students and entrepreneur can also benefit from the scheme.