CM Punjab Launched Khud Mukhtar Loan Program

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Khud Mukhtar Loan Program

The Punjab government launched the Khud Mukhtar Loan Program for BISP Beneficiaries. Apply and get a PKR 150,000 loan to start a new business. The Punjab government is willing to support 75,000 homes (families) through this program. Hence, get ready to avail of the loan and start your own business that will support you and your family financially.

It is possible to register online for the Punjab Khud Mukhtar Loan Program. We have mentioned online registration and the steps to get the loan from this project launched under the roof of BISP. Moreover, the Khud Mukhtar Loan Scheme is currently start in 11 districts of Punjab only for those men and women who are register in the BISP database.

According to official sources, both married men and women are eligible for this loan and can apply for it. However, the approval will be only granted if they meet the eligibility criteria. Moreover, according to the Khud Mukhtar terms & conditions, the applicant must be 18 to 35 years of age. Hence, this program is to empower youth and create new sources of income for those youngsters who don’t have any proper source of income.

Khud Mukhtar Loan Program Eligibility Criteria

As the Khud Mukhtar Program is launched under the Benazir Income Support Program. That’s why, it is important the applicant must be also part of BISP. Hence, only those women and men can register and get loan from Khud Mukhtar Program who are register in BISP Program. In addition, only the applicants of 18 to 35 years will be select for the loan with this program. Couple will be prefer in this loan program. Moreover, if the couple has a child under 5 years old then they can apply for this loan. Basic eligibility criteria is:

Residency: Punjab
Age: 18 to 35 Years
Marital Status: Married
Children: At least one child under 5 years
Beneficiary of BISP: Must Register in the Benazir Income Support Program

When a couple applies in Khud Mukhtar Program then the officials check the eligibility criteria of the applicants. If they meet the eligibility criteria then government approves the loan starting from PKR 72,000 up to PKR 150,000. The government will also provide business training to those who will receive the loan.

See: PM Youth Business Loan Scheme

Loan For 11 Districts of Punjab

According to the officials, this loan scheme will start only in 11 districts of Punjab in phase 1. These districts include:

Layyah
Lodhran
Khushab
Bhakkar
Rajanpur
Mianwali
Bahawalpur
Muzaffargarh
Bahawalnagar
Rahim Yar Khan
Dera Ghazi Khan

Suggested Business List For Applicants

A few suggested businesses are on the list of the Khud Mukhtar Program. These suggested businesses for applicants include:

Food Stall
Car Painter
Grocery Store
Welding Shop
Industrial Home
Tea and Snack Stall
Mobile Repairing Shop
Fruit and Vegetable Shop
Ironing and Mechanic Services
Electrician and UPS Service Center

Khud Mukhtar Loan Online Registration

To register the deserving married couple in this program the NSER and BISP survey has been started home by home in these 11 districts of Punjab. In addition, the officials of the BISP will visit the poor families home and register the eligible couples in this Khud Mukhtar Loan Program.

If the loan approves then the couple will get 150,000 rupees from the government of Punjab to start the suggested business or any new business of his/her own desire.

Benefits of Khud Mukhtar Loan

Khud Mukhtar Loan is empowering the poor people of Pakistan to become stable in this situation of inflation. Those people who are married. But they don’t have enough money to buy anything for their kids or for themselves due to lack of work can apply for a loan and get a loan to start a new business.

See: Akhuwat Loan Scheme

خد مختار قرض پروگرام

پنجاب حکومت نے بے نظیر مستحقین کے لیے خد مختار لون پروگرام کا آغاز کر دیا۔ نیا کاروبار شروع کرنے کے لیے درخواست دیں اور 150,000 قرض حاصل کریں۔ پنجاب حکومت اس پروگرام کے ذریعے 75,000 گھروں (خاندانوں) کی مدد کرنے کے لیے تیار ہے۔ لہذا، قرض حاصل کرنے کے لیے تیار ہو جائیں اور اپنا کاروبار شروع کریں جو آپ اور آپ کے خاندان کی مالی مدد کرے گا۔

Conclusion

Such loan programs of the Pakistan government are a beacon of light for those poor couples who don’t have a proper source of income. Moreover, this program will make sure that everyone in the country has their own business. Get a loan today by following the application method presented above and start your dream business without any issues. Get more details from the official website of the PHCIP from here.