Maximum and minimum loan amounts Punjab Rozgar Scheme Punjab Rozgar Scheme 2024 has been launched by Bank of Punjab. All men and women who want to start their own business and have no money. so they can apply for Punjab Rozgar Scheme 2024 and take a loan from 1 lakh to 1 million or can take a loan from 1 million to 1 crore. If you also want to apply for Punjab Rozgar Scheme 2024 from Bank of Punjab then you will be guided with complete details. which documents you have to submit.
Eligibility Criteria Punjab Rozgar Scheme 2024
Loan Types and Amounts Punjab Rozgar Scheme 2024
Bank of Punjab has 2 types of Laons. In the first category, you can get a loan from 1 lakh to 1 million. you will get loan up to 10 lakh only on your national identity card, you will not need to submit any other documents. In this you will not need to submit any gurentee ete. You will get loan on ID Card. If you want to get loan of more then 10 lakhs, 20 lakhs or up to 1 crore, then you will have to give a gurentee for it. After that, if you talk about loan, you will have to pay the loan in monthly installments within 5 years. If you take a loan under the Punjab Rozgar Scheme, you will not have to pay any installments for 6 months, after 6 months you will have to pay monthly installments. It has been said by Bank of Punjab and if you want to start of Business, you have to invest 20% of the money of the business yourself and 80% will be given to you by the Punjab Bank. If you are a female or transgender and you want to take a loan for Business then you have to invest 10% of the money on this business and 90% of the money will be given to you by Bank of Punjab in the form of Loan.Interest rates and repayment terms Punjab Rozgar Scheme
If you take a loan between 1 lakh and 10 lakh, you have to pay 4% interest to Bank of Punjab. If you take the maximum loan of 10 lakh, you have to pay 5% interest to Bank of Punjab as this is a Government of Pakistan scheme, you are being offered on easy terms. Also if you take a business loan from another Banks, the bank charges 25% interest, if you talk about the National Bank, it charges 30% interest.Application Process Punjab Rozgar Scheme
when you apply for a loan at Bank of Punjab, You have to deposit a non-refundable fee of Rs.2000/_. Clink on the below link to apply in this Punjab Rozgar Scheme of Bank of Punjab.
What is the interest rate of Punjab Rozgar Scheme?
If you take a loan between 1 lakh and 10 lakh, you have to pay 4% interest to Bank of Punjab. If you take the maximum loan of 10 lakh, you have to pay 5% interest to Bank of Punjab as this is a Government of Pakistan scheme, you are being offered on easy terms.
What is the Rozgar gurentee for youth Scheme in Punjab?
Bank of Punjab has 2 types of Laons. In the first category, you can get a loan from 1 lakh to 1 million. you will get loan up to 10 lakh only on your national identity card, you will not need to submit any other documents. In this you will not need to submit any gurentee ete. You will get loan on ID Card. If you want to get loan of more then 10 lakhs, 20 lakhs or up to 1 crore, then you will have to give a gurentee for it.
What documents are required for Punjab Rozgar Scheme?
If you want to get loan 1 lakh to 10 lakh then only need National identity card.If you want to get loan of more then 10 lakhs, 20 lakhs or up to 1 crore, then you will have to give a gurentee for it.