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Tenure of Loan and its details for CM Punjab ARS 2014-15

Lahore: The Chief Minister of Punjab had approved “APNA ROZGAR SCHEME (ARS)” for unemployed people and now it has been launched. The scheme has been launched to provide a decent livelihood to the educated unemployed youth.

Under the scheme, motor vehicles will be given to unemployed youth on soft conditions. The vehicles selected for the scheme are Suzuki Bolan and Suzuki Ravi.

Apna Rozgar Scheme 2014-15

Through this scheme all unemployed persons will be able to get a VAN Suzuki Bolan and Suzuki Ravi (Carry Dabba) after fulfilling an easy terms and conditions. Suzuki Bolan and Suzuki Ravi will be on leasing and the installments will be easy to pay due to this scheme.

Tenure of Loan will be 05 years (60 months).

Loan Details

Price (with discount)Rs.597,000Rs.655,000
Down Payment to be paid by qualified applicantsRs.170,000Rs. 177,000
Markup rate100% Markup shall be paid by Government of the Punjab.
Monthly Installment (includes insurance premium)Rs.9,000Rs. 10,000

In this scheme:

Total number of vehicals: 50,000
Mark up %age: 0%
Discount as compared to orignal price of vehical: 40,000 Rupees
Education: Matric
Domicile: Any district of the Punjab
Gender: Male and Female
Van: Suzuki Bolan and Suzuki Ravi

Last date to Apply for ARS is 28th November, 2014. Application form can be submitted to any branch of the “The Bank of Punjab”.

Keep in mind that Punjab Government is already working on many other schemes. Free Laptops distribution scheme and Solar Lamp distribution schemes are running while government has started youth loan scheme along with many other schemes.

More Information Related to Apna Rozgar Scheme 2014-15

1- Eligibility Criteria for CM Punjab Apna Rozgar Scheme 2014-15

2- Tenure of Loan and its details for CM Punjab ARS 2014-15

3- Documents Required to Apply for CM Punjab ARS 2014-15

4- Download Affidavit specimen to Apply for CM Punjab ARS 2014-15

5- Download Application Form to apply for CM Punjab ARS 2014-15


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