Shahbaz Sharif Suzuki Ravi and Bolan Scheme that is also called as Apna Rozgar Scheme is a great self-employment initiative taken by the Chief Minister Punjab Shahbaz Sharif to eliminate the unemployment from the Punjab province. The Punjab Government started this Self Employment Scheme to make the unemployed and educated youth able to start their business using the transportation business.
Apna Rozgar Scheme Eligibility Criteria
Both male and female are eligible to apply for the Apna Rozgar Scheme. For the information of the willing candidates, not everyone will be awarded the vehicle. The result of successful candidates will be finalized using draw or balloting.
Apna Rozgar Scheme Amount of Loan
Under Apna Rozgar Scheme, Punjab Government does not extend loan in rupees at all. Rather than giving money, Punjab Government offers vehicle (Suzuki Bolan and Suzuki Ravi) to the successful candidate.
The successful candidate gets the insured vehicle on a monthly installment basis. The candidate does not need to pay any charges in the showroom at all. The Bank of Punjab will pay all of the charges. A person only needs to pay the monthly installments to the Bank of Punjab.
Apna Rozgar Scheme Details & Application Submission Process
Here is the important information about the scheme.
Apna Rozgar Scheme Age Requirement
Applicant age must be 21 to 35 years and must have CNIC and driving license. Moreover, his assets along with his parent assets must not exceed Rs. 2 million.
Markup/Interest on Apna Rozgar Scheme
Successful applicant does not need to pay the markup. The Punjab Government will pay a markup to Bank of Punjab.
Apna Rozgar Scheme Down Payment and Installments
Down payment for Suzuki Bolan is Rs. 177,000 and for Suzuki Ravi it is Rs. 170,000
Per month instalment is Rs. 10,000 for Suzuki Bolan and Rs. 9,000 for Suzuki Ravi.
Apna Rozgar Scheme Installment Payment Procedure
The monthly instalment can be paid at any branch of Bank of Punjab. In case of non-payment of monthly instalments, BOP has right to take possession of the allotted vehicle. For those candidates who want to make payment at once first need to pay Termination Charges @5%.
Apna Rozgar Scheme Application Fee
The application fee for Apna Rozgar Scheme is Rs. 2,000. The fee is non-refundable for all applicants.