Punjab Chief Minister Maryam Nawaz has launched the Easy Business Loan Scheme to support small and medium enterprises (SMEs) across the province. This initiative is designed to cater to various business needs, including startups, business expansion, innovation, working capital, commercial logistics, and climate-friendly businesses.
The scheme focuses on economic growth by supporting entrepreneurship, creating employment opportunities, and boosting exports, especially in priority sectors.
Key Details of the Easy Business Loan Scheme:
- Eligibility:
- Small businesses with an annual turnover of up to PKR 150 million.
- Medium enterprises with annual sales between PKR 150 million and PKR 800 million.
- Applicants aged between 25 and 55 years.
- Clean credit history and status as an FBR tax filer.
- Possession of a valid CNIC, NTN, and ownership or rental agreement of the business premises.
- Loan Tiers:
- Tier 1: Interest-free loans ranging from PKR 1 million to PKR 5 million with a repayment period of up to five years.
- Tier 2: Loans from PKR 6 million to PKR 30 million at a 0% interest rate with a five-year repayment period.
- Application Fees:
- Tier 1: PKR 5,000 (non-refundable).
- Tier 2: PKR 10,000 (non-refundable).
- Grace Period:
- Startups: Up to six months.
- Existing businesses: Up to three months.
- Application Process:
- Submit an online application.
- A registration number will be provided on-screen and via SMS after submission.
- Applicants will receive SMS updates about their application status and can also check it on the official website.
The initiative aims to empower entrepreneurs and ensure sustainable economic growth. Apply today to take advantage of this opportunity!
