The Punjab government has taken a major step to promote business activities in the province by launching the CM Punjab Asan Business Finance and Asan Business Card schemes.
According to the report, Punjab Chief Minister Maryam Nawaz Sharif officially inaugurated both schemes.
Under the Easy Business Finance Scheme, interest-free loans ranging from Rs 1 million to Rs 30 million will be provided, with repayments also being made in the easiest installments. Loans ranging from Rs 5 to Rs 1 million will be provided through the Easy Business Card.
Those wishing to benefit from these schemes can apply online today. More information about the schemes can be obtained through helpline 1786.
Maryam Nawaz Sharif said that the Punjab government has launched revolutionary schemes to promote small and medium-sized businesses in the province. These schemes have the potential to change the destiny of Punjab and Pakistan.
He said that the economy runs on small and medium-sized businesses. CM Punjab Easy Business Finance and Easy Business Card are the first and unique schemes of the Punjab government. Earlier, starting a business was not easy, but we have made it easier through these schemes.
Maryam Nawaz Sharif said that land will also be provided at very concessional rates to start small businesses. This is the first program in the history of the province under which loans of up to Rs 30 million are being given 100% interest-free. There is no need to immediately get an NOC, license or map approved to obtain the loan.
The Chief Minister of Punjab said that get a loan today and start your business tomorrow. These interest-free loans will be given through the Bank of Punjab. To increase the country's exports, more incentives will be given for setting up industries in export processing zones. Those setting up industries in export processing zones will also be given free solar systems worth up to Rs. 5 million.
He said that through these schemes, a new path will be set for SMEs, the destination of which is a prosperous Punjab. Young entrepreneurs will be able to take advantage of these schemes and play their role in economic development by expanding their businesses. These interest-free loan schemes of the government will give a new dimension to economic development.
Maryam Nawaz said that before the Pakistan Muslim League (N) came to power, the country's economy was sinking. There was talk everywhere about Pakistan defaulting. Pakistan emerged from these dangers with the hard work of Prime Minister Muhammad Shehbaz Sharif. During the tenure of former Prime Minister Muhammad Nawaz Sharif, the growth rate was around 5.7.
He said that load shedding and terrorism had almost ended, the country was economically stable, unfortunately, during the last 4 years of his rule, the country suffered from disaster,
the inflation rate reached 38%, the dollar increased from 104 rupees to 350 rupees.
The Punjab Chief Minister said that due to the efforts of Prime Minister Shahbaz Sharif, the national economy has been stabilized, economic indicators are improving, remittances and foreign exchange reserves are increasing, the stock market has crossed 118,000 points, we have to convey the fruits of these measures to the people through collective efforts.
He said that developed countries have embarked on the journey of development only by accelerating the process of industrialization, we also have to accelerate the process of industrialization, Punjab is rich in mineral wealth, unfortunately, the treasures hidden in the earth are not being fully exploited.
Maryam Nawaz Sharif further said that the Punjab government is taking steps to utilize mineral wealth, and everyone should play their role in accelerating the process of industrialization in Punjab.
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