Rs9b allocated for Punjab Rozgar Programme

Provincial Industries and Trade Minister Mian Aslam Iqbal on Tuesday said that the government has earmarked Rs9 billion for the Punjab Rozgar Programme.

In the programme’s first phase, Rs500,000 to Rs1 million soft loans would be disbursed to the citizens for the revival of businesses affected by the pandemic as well as for starting a new business, he confirmed.

The decision was made by the minister while chairing a steering committee meeting.

Iqbal emphasised that in the second phase of the programme, the limit of disbursing soft loans would be increased up to Rs5 million.

The minister added that a transparent mechanism would be devised for the provision of soft loans to the citizens.

Published in The Express Tribune, August 12^th, 2020.