Shahbaz Sharif under the umbrella of Government of Punjab has initiated “Chief Minister’s Self Employment Scheme.The applications are being entertained by the government now.
On the directions of Government of the Punjab, Punjab Small Industries Corporation (PSIC) initiated a scheme titled “Chief Minister’s Self-Employment Scheme” (CMSES) during 2011 for provision of interest free financial assistance ranging from Rs.10,000/- to Rs.50,000/- on soft term basis for un-employed youth of Punjab preferably skilled / semi-skilled persons through Service Provider Organization (SPO). M/S. Akhuwat (NGO) was selected as Service Provider Organization (SPO) through competitive selection process for execution of this scheme @ 7% service charges.
So far, Government of the Punjab has allocated & released an amount of Rs.4000.00 million on revolving basis for this programme. Up till January 31, 2015, M/S. Akhuwat has disbursed an amount of Rs. 9551.933 million to 534,968 beneficiaries including 228,900 female loanees in 33 different trades / vocations in 36 districts of Punjab through its 269 offices with the recovery rate of 99.87%.