LAHORE: The Lahore Chamber of Commerce and Industry (LCCI) on Wednesday organized a session on “Punjab Rozgar Scheme in collaboration with Punjab Small Industries Corporation.

Addressing the event, Project Director of Punjab Rozgar Scheme Shahzeb Hssan Kirmani said the project is a flagship initiative of the provincial government designed with the total cost of Rs. 30,000.00 million (Rs. 30 billion) to provide subsidized credit facilities to the micro, small and medium (MSMEs) startups and existing business in collaboration with Commercial Banks.

He said Punjab government will provide Markup Support and Risk Coverage to minimize cost of commercial loans for the MSMEs, and to overcome pandemic effect of COVID-19 on existing business.

Talking on the occasion, LCCI President Kashif Anwar said that the project will support the new start-ups and also mitigate the harmful impacts caused by COVID-19 on existing businesses. It was good to know that The Bank of Punjab has collaborated with Punjab Small Industries Corporation for this useful initiative of the Government.

He said LCCI appreciates that equity ratio for women, transgender and disabled persons is 90:10 as compared to 80:20 for men. This step will certainly facilitate the less privileged segments of our society.