The Punjabi government has announced the Karobar Card Loan Scheme, which would provide up to 30 lakh in loans to support young businesses.
Loan Program for Karobar Card
Loan Program for Karobar Cards the punjibe province’s youngsters can find work through the Karobar Card Loan Scheme. The Punjab government is making a concerted effort to eradicate unemployment in the province via this program.
According to Punjab Chief Minister Maryam Nawaz Sharif, she would make sure that all young people in the province have access to the Karobar Card Loan Scheme in order to help the province’s jobless population. The province of Punjab will see an increase in business thanks to the Loan Program for Karobar Cards Karobar Card Loan Scheme, which will greatly boost the national Loan Program for Karobar Card economy.
You may sign up for the Karobar Card Loan Scheme if you are likewise concerned about the issues surrounding unemployment. The Punjab government will provide you with all the details regarding its statement on registration and the loan amount guaranteed under the Karobar Card Loan Scheme. Consequently, to obtain a loan from, read the material thoroughly.
Karobar Card Loan Scheme Features
According to Maryam Nawaz Sharif, the Karobar Card Loan Scheme would give Punjabi youth loans between one lakh and three million rupees. The Karobar Card Loan Scheme will offer two different kinds of loans. One loan is intended for small business startup, and the other is intended for medium-sized business startup.
According to Maryam Nawaz Sharif, she will lend jobless youngsters between Rs 1 lakh and Rs 1 million to launch a small business, and she will lend up to Rs 3 million to unemployed individuals who wish to launch their own medium-sized enterprise. It should be noted that the Punjab government would not charge interest on this loan.
The Punjab government offers young individuals the option to repay this debt in convenient installments over a period of five years. Regarding the payments, the Punjab government has not yet made any plans. We will notify you on our website as soon as the Punjab government releases the loan payback schedule, so please keep checking back.
Important Information Regarding the Registration Procedure for the Karobar Card Loan Scheme
The Punjab government has not yet implemented a registration process for the Karobar Card Loan Scheme. It recently announced the introduction of the scheme for Punjab’s unemployed youth.
Maryam Nawaz Sharif announced that the registration for the business financing scheme will begin in January 2025. Unemployed youth can apply for Punjab government loans ranging from Rs 100,000 to Rs 3,000,000 by registering on the scheme’s website with their ID card, phone number, address, and other documents.
The facility is providing convenience to you. As soon as the Punjab government releases a website for registration, you will receive special information about it on our website and social media channels, such as Facebook and WhatsApp, so be sure to keep checking both.
Details of the Loan Under the Karobar Card Loan Program
The Punjab government offers two types of loans to the state’s unemployed population under the business lending program. The Punjab government structures these loans based on business principles. For your convenience, the government lists the details of the loans under the Karobar Card Loan Scheme below.
- Young people launching small companies would be eligible for loans ranging from Rs 1 Lakh to Rs 10 Lakh.
- The Punjab government will give loans up to Rs 30 lakh to young people launching medium-sized enterprises.
In conclusion
The Punjab government offers interest-free loans of Rs 1–10 lakh for small businesses and up to Rs 30 lakh for medium-sized businesses to unemployed individuals through the Karobar Card Loan Scheme.
Keep in mind that you have five years to pay back this debt to the Punjabi government. As of yet, the Punjabi government has not launched a registration website. You will be notified on our website as soon as the Punjab government launches a registration website. According to Maryam Nawaz Sharif, registration will begin in January 2025. Unemployed persons will need to submit certain papers and information in order to register.
It is important to ensure that the information and papers you supply are accurate, legible, and clear. The Punjab government will organize a balloting on the designated day following the submission of your application.
https://tribune.com.pk/story/2514384/punjab-introduces-karobar-card-loan-scheme-for-small-businesses
