Karobar Card Loan Scheme
Chief Minister of Punjab Maryam Nawaz Sharif has introduced the Karobar Card Loan Scheme for the sake of The youth of Punjab to earn a living and Start their small and medium enterprises. Chief Minister of Punjab Maryam Nawaz Sharif will Provide an interest-free loan of between Rs 1 Lakh to 30 Lakh To the youth of Punjab so that they can initiate their own Small and medium Enterprises.
With this loan, you can Start any small and Medium-sized enterprise, and Then you can Provide for your Family. Now imagine that you are Also one of the Unemployed youth of Punjab, who wants To Start a small and Medium-sized Enterprise. Now you will be informed that you Need to apply for The Business Card Loan Program Offered by Maryam Nawaz Sharif. Punjab Chief Minister Maryam Nawaz Sharif said That these Loans will be interest-Free so that The youth would not Find difficult to Repay.
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CM Maryam Nawaz Introduces for Youth Karobar Card Loan
Through this Program, Maryam Nawaz Sharif tries To Generate Maximum business Opportunities in Punjab, increase employment in Punjab, and ensure that Every youth in Punjab has aspirations for Work. The Goal behind launching The Karobar Card Loan Scheme by Punjab Chief Minister Maryam Nawaz Sharif is To reduce Poverty in Punjab and ensure that The youth of Punjab are not Unemployed.
In this article, we will Provide you with all the information about The Karobar Card Loan Scheme launched by Punjab Chief Minister Maryam Nawaz Sharif. We will Tell you how To Qualify for the Karobar Card Loan Scheme and the Registration Procedure introduced by The Punjab Government. So, read the entire Article.
Eligibility Criteria for applying For a loan under The Karobar Card Programme
Punjab Chief Minister Maryam Nawaz Sharif set Very simple eligibility Criteria for any Ordinary young Person To apply For the Karobar Card Loan Programme. Punjab Chief Minister Maryam Nawaz Sharif said that The Punjab government will Provide interest-Free loans of Rs 100,000 to Rs 300,000 to all young People who meet These eligibility Criteria.
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Eligibility Criteria set by The Punjab Government are:
- You must be a Permanent resident of Punjab.
- You must have an ID card issued by The Government of Pakistan.
- You must be above 18 years of Age.
- You are not Allowed To have your own business. You must be a Resident of Punjab.
- You must not have Taken loans from any other loan Scheme of the Punjab Government.
- You should not have Borrowed loans from any Private Bank or financial institution.
Application Process for Karobar Card Loan Programme
The Punjab government has issued a Notification that it will implement The Karobar Card Loan Programme To engage The youth of Punjab. According To this Program, loans of Rs 100,000 to Rs 300,000 will be granted To the youth. Punjab Chief Minister Maryam Nawaz Sharif has Not issued a Website yet for Registration. Maryam Nawaz Sharif will soon issue a Registration Website from where the Youth of Punjab can Complete their registration by Furnishing the required information and Documents.
Maryam Nawaz Sharif Stated that once The registration is done, The Punjab Government will Provide interest-free loans Under the Business Loan Programme to The youth of Punjab Through The Polls. As soon as The Punjab government declares The Website For registration, we will inform you on our Website. Therefore, Stay Connected with our Website and Social channels like WhatsApp and Facebook.
Repayment Terms and Distribution Schedule of Karobar Card Loan Scheme
Punjab Chief Minister Maryam Nawaz Sharif said that interest-free loans between Rs 100,000 and Rs 30 Million will be given To The youth of Punjab under The Karobar Card Loan Scheme. Under this Programme, Two types of loans will be Provided to The Youth as explained Below.
The Punjab Government will be Providing loans Between Rs 100,000 to a Maximum of Rs 1 million To Start small and Medium-Sized enterprises. The Chief Minister Easy Business Loan Scheme by The Punjab Government will provide up to Rs 3 million Loans to Small and medium-sized enterprises.
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Last words
Good News from The Punjab Government for the unemployed youth of Punjab. Chief Minister Punjab Maryam Nawaz Sharif has introduced a Scheme to Provide loans ranging from 1 Lakh to 30 Lakh to The youth of Punjab To Start small and medium-sized businesses. She will Provide loans from 1 Lakh to 10 lakh rupees to The youth for starting small business, while up To Rs 30 lakh will be Provided for Starting medium-sized businesses Through Karobar Card Loan Scheme.
The Punjab Government has not yet introduced a Website for registration. As soon as The website for Registration is Provided, you will be informed About it on our Website. After Completing the registration Process, The Punjab Government will Provide interest-free loans To the youth Selected through balloting Through The Karobar Card Loan Scheme so that they can Start their business.
FAQs
What is Karobar Card Loan Scheme?
This is a Program launched by Punjab Chief Minister Maryam Nawaz Sharif to Provide interest-free loans of Rs 100,000 to Rs 30 million to The youth of Punjab to Start small and medium-sized enterprises.
Who is eligible For Karobar Card Loan Scheme?
Applicants must be above 18 years, permanent residents of Punjab, and they should not have any existing business or Previous loans from any government Program or Private institution. You’ll need your ID card and an address in Punjab.
What’s The Purpose of the Program?
The aim of the program is to Provide employment for The youths of Punjab and help in decreasing Poverty with a motive Towards entrepreneurship.
How many credits can I get in this Program?
You can get anywhere between Rs 100,000 and Rs 100,000 for Small and Medium sized enterprises and up To Rs 300,000 for Medium sized enterprises.
Are The loans interest free?
Yes, all Loans under the Karobar Card Loan Scheme are completely interest Free.
How does The application Process work?
Punjab Government is Soon going to Publish the registration Website There one can Easily register an Account through Providing necessary details and attachments. Through the registration of votes, the loan Amount will be issued.
Is it the Karobar Card Loan Scheme that is open for registration Already?
It’s no; yet its Website hasn’t been live. To know the recent Progress about this Please check Government Portal.
How will the loans be distributed? Loans are allocated To eligible applicants through a voting Process.