“We will increase employment opportunities by promoting trade and industry in Punjab,” said Chief Minister Punjab Maryam Nawaz Sharif while directing the authorities concerned to take measures for the grant of interest-free small and medium loans to promote commercial activities in the province. She directed them to introduce ‘Business Card’ and ‘Chief Minister Easy Business Financing’ schemes for the purpose. Under ‘Business Card’ scheme, medium business loans ranging from Rs. 01-01 Million will be given, whereas relatively bigger loans of up to Rs 03 Crore (30 Million) will be provided under "Chief Minister Easy Business Financing Scheme.” She sought a comprehensive plan for the award of small and medium loans under these schemes.
Madam Chief Minister directed the relevant authorities to allocate separate zones for small and medium industries in big cities. She said,” Loans will have to be repaid in 05 years under the "Chief Minister Easy Business Financing Scheme.” She added, “A grace period of 03 months will also be given to the borrower after receiving the first loan instalment.” She also reviewed a proposal to provide loans on preferential basis to selected commercial sectors.
Chief Minister Maryam Nawaz Sharif clarified, “Business Card will not be used for payment in 10 areas including restaurants.” She added, “IT startups in Nawaz Sharif IT City will be able to get preferential loans.”