PSIC employment scheme loan distribution from 12th
Lahore
March 10, 2021
LAHORE:Punjab Small Industries Corporation (PSIC) Managing Director Jamil Ahmed Jamil has said that distribution of loans under Punjab Employment Scheme will start from March 12 while 140,000 online applications have been received for obtaining loans under this scheme.
In a briefing to the media about the Punjab Employment Scheme, he said that after processing 4713 applications, 296 applications have been accepted for disbursement of Rs200 million loans.
Under the scheme, easy loan of Rs1 lakh to 5 lakhs is being given without any guarantee while loan of Rs1 million are being given on the guarantees of two employees of up to grade-9 and above one million loan is being given against the property mortgage. Further, markup on loans of worth up to one million rupee is four percent and above one million rupees is five percent.