Prime Minister's Small Business Loan Schceme is for young, educated people who are looking to set up their own business after completing their education/graduation. Those who are below 35 years of age and have got a visionary plan are eligible for this scheme. Prime Minister's Small Business Loan Schceme will award 50% of total loans to women to empower them. Its good step as a sign of equal opportunity for both men and women.
Prime Minister's Small Business Loan Scheme sets debt equity ratio of 90:10 which means that 10% share would be contributed by the borrower and rest of the 90% would be awarded under the scheme. The loan will be given for the total tenure of 7 years. Interest rate fixed for the borrower is 8% while the rest of the rate would be paid by the Government. Total number of 100,000 loans will be awarded of worth ranging from 0.5-0.2 million. NBP and First Women Bank are authorized for dealing this scheme and plan for the projects would be presented to apply for the loan under this scheme.
Giving chance to explore the entrepreneurial skills is a great opportunity for fresh graduates or those who have got vision but can not realize it due to lack of financial support. Prime Minister's Small Business Loan Scheme is the opportunity to get yourself established and improve society in terms of standard of living. Official website for this scheme is here.
Prime Minister's Small Business Loan Scheme sets debt equity ratio of 90:10 which means that 10% share would be contributed by the borrower and rest of the 90% would be awarded under the scheme. The loan will be given for the total tenure of 7 years. Interest rate fixed for the borrower is 8% while the rest of the rate would be paid by the Government. Total number of 100,000 loans will be awarded of worth ranging from 0.5-0.2 million. NBP and First Women Bank are authorized for dealing this scheme and plan for the projects would be presented to apply for the loan under this scheme.
Giving chance to explore the entrepreneurial skills is a great opportunity for fresh graduates or those who have got vision but can not realize it due to lack of financial support. Prime Minister's Small Business Loan Scheme is the opportunity to get yourself established and improve society in terms of standard of living. Official website for this scheme is here.
