21
Jun

Find out if you qualify for the scheme

• 

  shoukatcorporationhasilpur@gmail.com / 3 years
• June 21, 2022
• 0
• 3 min read

The Punjab Government has introduced the Punjab Loan Scheme 2025, an interest-free financing initiative designed for Small and Medium Enterprises (SMEs). The scheme aims to support new startups, expand existing businesses, boost industries, create employment opportunities, and promote exports.

This guide explains the requirements, process, and benefits in simple words so you can apply with full clarity.

Key Loan Purposes:

• Startup Funding – For new businesses.
• Business Expansion – For existing businesses to grow or modernize.
  
• Working Capital – To manage day-to-day cash flow needs.
  
• Commercial Leasing – Financing vehicles for logistics and trade.
  
• Climate-Friendly Projects – Encourage sustainable and eco-friendly initiatives.

Eligibility Criteria:

• Age: 25–55 years.
• Resident: Must be a resident of Punjab.
• Business Location: Business must be located in Punjab.
• Small Enterprise: Annual sales up to PKR 150M.
• Medium Enterprise: Annual sales between PKR 150M–800M.
• FBR Tax Filer: Must be an active filer.
• Credit History: Clean credit history required.
• Identification: Must have a valid CNIC and NTN.
• Business Premises: Should be owned or rented.

Loan Details:

• Tier 1 (T1): PKR 1M – 5M (Personal Guarantee).
• Tier 2 (T2): PKR 6M – 30M (Secured Loan).
• Tenure: Up to 5 years.
• Rate: 0% (interest-free).
• Processing Fee: PKR 5,000 (T1) / PKR 10,000 (T2).
• Grace Period:
      ✔ Startups: Up to 6 months.
      ✔ Existing Businesses: Up to 3 months.

Equity Contribution:

• 0% equity for T1 (except leased vehicles).
• 25% equity for leased commercial vehicles.
• 20% equity for other loans.
• 10% equity for women, transgender, and differently-abled persons.

Repayment Terms:

• Equal monthly installments.
• Late charges: PKR 1 per 1,000 per day.

Additional Costs:

• Handling Fee: NIL for new businesses, 3% p.a. for existing businesses.
• Insurance & Legal Charges: As per actuals.
• Climate-Friendly Businesses (T2): NIL handling charges.

Required Documents:

• CNIC Copy
• NTN Certificate
• Proof of FBR registration
• Business ownership/tenancy agreement
• Bank statements (last 1 year usually)
• Business plan or feasibility report
• Two guarantors (for T1)
• Collateral documents (for T2)

Step-by-Step Process:

• 1:Check eligibility
• 2:Prepare required documents
• 3:Submit loan application via designated bank/portal
• 4:Bank reviews and verifies details
• 5:Business survey/feasibility check
• 6:Approval committee evaluation
• 7:Loan sanctioned and disbursed to your bank account

Common Mistakes to Avoid:

• Not being an FBR filer
• Submitting incomplete documents
• Overestimating business projections
• Having a poor credit history
• Lacking a clear business plan

Why This Loan is Beneficial:

• 100% Interest-Free – Repay only the principal amount
• Inclusive – Special equity relaxations for women, transgender, and differently-abled persons.
• Scalable – Suitable for both startups and established businesses.
• Government Supported – Transparent and secure process.

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shoukatcorporationhasilpur@gmail.com

May 25, 2022