Karobar Loan Scheme
Karobar Loan Scheme: Punjab Chief Minister Maryam Nawaz has started a business loan scheme to give loans to small business people in Punjab. Which will give loans to youth doing medium and small level business. In this scheme, loans of up to 30 lakh rupees will be given to people for a five year installment. Maryam Nawaz said that more business opportunities will be created in Punjab through this program. All those youth who want to take out a loan to start their business. They can register themselves in this program. So far, the registration process in this program has not been officially announced yet.
But soon the website will be launched along with the procedure to apply for online registration in this program. And the eligibility criteria will also be mentioned. Loans of up to 30 lakhs will be given to youths who are eligible according to this eligibility criteria. As soon as the youth will submit their application in this program. After that, the draw will be done in a completely transparent and clean manner. The names of the youths mentioned in the loan application will be eligible to take loans. This amount of loan from the Punjab government will be without interest. And it will be easy on installation. By which the youth will be able to pay their loan.
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Karobar Loan Scheme For Small Businesses
Chief Minister Maryam Nawaz called for a comprehensive plan for the Small and Medium Loan Scheme. An interest-free loan will be given from one to one million rupees. Which has to be returned in five years. It is proposed to give loans of three crores under Chief Minister Easy Business Financing Scheme. It has also been agreed to allocate separate zones for small and medium industries in big cities. The decision to introduce business cards for the promotion of small business in Punjab came out. All the loans given to the youth under this program will be completely free of interest. This program fully encourages young people who are doing small scale business. And helps to reduce the burden of financial constraints of these individuals.
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Main Objectives Of Karobar Loan Scheme
The objectives of the business loan scheme are as follows. Entrepreneurship will increase in Punjab province through the Business Loan Scheme. And the employment opportunities will increase thus encouraging the youth.This will help the young entrepreneurs of small and medium businesses to establish businesses, expand them and modernize them. Economic activities will increase under this scheme. And the youth will be able to play an important role in the development of the country. Business launch scheme will reduce unemployment. And there will be more opportunities to create employment in the province. Under this scheme, the quality of life of the people will improve. And he will improve the quality of life of the people of Punjab by promoting economic and social development.
Benefits of Karobar Loan Scheme
Punjab’s young businesses can avail many benefits under the Karobar loan scheme, some of them are as follows.
Access to Finance: The Business Loan Scheme provides access to finance for SMEs. Which enables the youth to develop and modernize their own business.
Competitive Interest Rate: Repayment of loan under this scheme is very easy. From which even a small-scale business person can pay off his loan easily. This loan will be given without interest.
Repayment period: Under this program, youth borrowers are allowed to repay the loan in a period of up to five years after six months. From which they can submit their payment in easy installments.
Employment opportunities: New employment opportunities will be created under the business loan scheme. Which will increase economic and social development.
Business Excellence: The scheme enables SMEs to improve their business by investing in new technology, new equipment and infrastructure. Through which the youth can play an important role in the development of the country.
Increase in demand: Many problems of youth will be solved under this scheme. And they can increase their demand by easily providing their resources to the market.
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Eligibility Criteria To Apply For Karobar Loan Scheme
Eligibility criteria to apply for a business loan scheme are as follows.
- It is very important for the applicant to be a resident of the province of Punjab to apply in this scheme.
- The applicant’s business should be at least six months old.
- The minimum annual turnover of the business should be one lakh 10 lakhs.
Required Documents For The Scheme
- Applicants must have a Business Registration Certificate.
- Having a National Text Number Certificate is very important.
- Sales Tax Registration Certificate
- Business plan or project report
- Applicant’s passport size
- Photocopy of applicant’s identity card
- Proof of financial income
Registration Process For Karobar Loan Scheme
The registration process in the program has not been officially announced yet. But it can be expected that the registration process in the program will be online.To register you must first meet the eligibility criteria. After that you can complete your registration through the website provided by the Punjab Government through this scheme.
وزیر اعلیٰ مریم نواز کی جانب سے نوجوانوں کو آسان اقساط پر قرضے فراہم کرنے کے لیے بزنس لون سکیم کا آغاز کیا گیا ہے۔ تاکہ وہ بغیر کسی پریشانی کے اپنا کاروبار آسانی سے شروع کر سکیں۔ بہت سے نوجوان ایسے ہیں جو کاروبار کے مواقع ہونے کے باوجود پیسے کی کمی کی وجہ سے اپنا کاروبار شروع نہیں کر پاتے۔ وہ اس اسکیم میں رجسٹر ہو کر قرض کی رقم حاصل کر سکتے ہیں۔ قرض کی یہ رقم بغیر سود کے ہے۔ اس پروگرام کو شروع کرنے کا مقصد پنجاب کے نوجوانوں کو مالی مدد فراہم کرنا ہے۔ اس سکیم سے مستفید ہو کر بہت سے نوجوان اپنی کاروباری صلاحیتوں کو اجاگر کر کے ملک کی ترقی میں اپنا حصہ ڈال سکتے ہیں۔
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Conclusion
The Business Loan Scheme has been launched by Chief Minister Maryam Nawaz to provide loans to the youth on easy installments. So that they can start their business easily without any problem. There are many young people who can’t start their business because of lack of money despite having business opportunities. They can get the loan amount by registering in this scheme. This loan amount is without interest. The purpose of starting this program is to provide financial assistance to the youth of Punjab. By benefiting from this scheme, many young people can contribute to the development of the country by highlighting their entrepreneurial skills. If you want to register in this program. So keep all the documents given by the Punjab government correct. As soon as the registration process starts, you can get assistance by registering in it.