Prime Minister’s Interest Free Loans Scheme is a good scheme by the Punjab Government. PMLN took great step in Pakistan for all the educated persons. Micro-finance facility aimed at helping the industry raise current access level of 2.5 million people to 5.0 million in next 5 years. Shahzab Sharif is a good leader who started these good projects in Pakistan for the new generation. It is major problem in our country that less jobs provided to new generation, but through these schemes they can easily started their business. We provide you complete information about Prime Minister’s Interest Free Loans Scheme in this page & you can easily download form from this page.
Focus of the program would be in the category of the poor scoring between 18.5 and 40. Even though double dipping will not be allowed to those who are recipients of loans under BISP, since not all those scoring up to 18.5 are BISP recipients or taking loans under BISP umbrella, they will be eligible provided they meet other requirements of this scheme.
In Pakistan Islamic rules follows, so Punjab government also focus on women and 50% quota of women available and this scheme is available for all Peoples in Pakistan. The focus will be on districts with no or low microfinance network facilities. Districts in which micro finance beneficiaries are 12 percent or below as per the Micro Finance Network (MFN) data, will be given first priority.
Government will give tenor of loan up to 3 years. This is a long time given by PMLN, every person can easily started a good business in this time & size of loan is 250,000 loans of Rs.25,000 average (upto RS 50,000).
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All information is collected from on-line resources. If you want any more help don’t histate, write comment us below. Check Prime Minister’s Youth Laptop Programme complete detail and apply form from this page,