Punjab to roll out Rs90bn loan scheme

September 04, 2025 (MLN): The second phase of the Chief Minister’s Asaan Karobar Finance Scheme is set to launch soon, following the successful completion of its first phase.

Under this initiative, Rs90 billion in interest-free loans will be provided through four loan schemes, benefiting more than 5,500 businesses across Punjab.

An important meeting was held at the Punjab Small Industries Corporation (PSIC) House to review PSIC’s overall performance and ongoing projects.

It was noted that the Punjab government remains committed to supporting entrepreneurship, small-scale industries and artisans by ensuring access to financing and infrastructure development.

A comprehensive upgradation program for 23 small industrial estates across the province will begin in October at an estimated cost of Rs2.75bn.

The initiative will focus on improving cleanliness, developing green belts, upgrading industrial infrastructure, and ensuring the provision of missing facilities.

Promotion of handicrafts through effective marketing, particularly via online platforms, was emphasized as a means to generate foreign exchange.

Directions were also issued to engage embassies in promoting PSIC handicraft shops and to explore the transition of small industrial estates to solar energy.

Pending legal matters concerning the establishment of Surgical City in Sialkot and Industrial Estate-II in Gujrat were also directed to be pursued vigorously.

During the briefing, PSIC Managing Director Saira Umar shared updates on artisan development, including the registration of artisans to promote traditional crafts, as well as the successful upgradation of the Gandhara Artisan Village in Taxila.

Senior directors and other PSIC officials attended the meeting.

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