FINANCIAL ASSISTANCE FOR DE- RADICALIZATION OF 4TH SCHEDULERS

A meeting was held on 11.06.2012 under the chairmanship of Chief Secretary Punjab regarding de-radicalization – long term rehabilitation programme of fourth schedulers. The objective was to explore avenues of funding for the fourth schedulers rehabilitation process in the light of de-radicalization strategy of Government of the Punjab. It was also decided that PSIC will prepare the concept paper of financial assistance scheme for long term rehabilitation programme of 4th schedulers.

 

CREDIT ASSISTANCE SCHEME FOR MECHANICAL TANDOORS

PSIC launched a Pilot Scheme for Inductions of Local Roti Plant in Lahore, Gujranwala & Faisalabad at a total cost of Rs.1.600 million. During 2008-09 under this scheme 5 Roti Plants were established one each in Rawalpindi, Gujranwala, Faisalabad, and 2 in Lahore. The Pilot Project met with an immediate success as all the Roti Plants are functional / operational.

 

Decision taken by the Chief Minister in a meeting held on 29.7.2009 regarding installation of 300 more Roti Plants in 36 Districts of the Punjab conveyed vide E.A letter NO.AEA-1-2-2/2009 dated 8.8.2009.

GREEN CNG AUTO RICKSHAW LOAN SCHEME

A loaning scheme costing Rs. 500 Million to finance the purchase of CNG Auto Rickshaw for the public has approved by PDWP in its meeting held on 02-08-2006. This scheme was started at Lahore, Gujranwala, Faisalabad, Rawalpindi, Multan & Gujarat. The average estimated price of Rickshaws to cover under the scheme is Rs. 1.326 lac per unit. PSIC has planned to lease out 5000 Rickshaws till 30-06-2009 utilizing amount of Rs. 500 Million. The amount of Rickshaw is being subsidized by Department of Transport by paying Rs.20, 000/- per rickshaw. The total subsidy would be 100 Million which would become due from DOT against 5000 rickshaw under the scheme. PSIC would extend loan equal to 75% cost of Rickshaw @ 5.50% profit p.a (flat).

CREDIT ASSISTANCE FOR CONVERSION OF DIESEL BUSES INTO CNG

Government of Punjab plans to impose a ban on operation of diesel buses in the major cities of Punjab. This purposed ban will be operative subject to the approval of the competant authority, keeping in view the rising enviornmental pollution as well as noise pollution.Unfortunately, diesel buses in the province are not economically viable due to repeated escalation in the price of POL/Diesel which results into increase in the fare of transport in the cities and across the province. The Government of Punjab has a time-bound programme to phase out conventional diesel engine buses with the CNG fitted buses. This is primarily being done for well-known environmental considerations starting from Lahore.

 

Read more: CREDIT ASSISTANCE FOR CONVERSION OF DIESEL BUSES INTO CNG

Hand Looms and Craft Bases Textile

Handlooms & crafts based textiles are manufactured nearly  all over Punjab e.g. Multan, located in Centre of the Punjab Province , is famous for manufacturing of textile products on handlooms such as Khadi cloth for dresses, bed covers, napkins, tapestry, block printing, tie & dye and natural dyes etc. Jhang is famous for manufacturing of textile products on handlooms such as woolen blankets, bed durries, khase etc. Bahawalpur is famous for craft based textile products such as embroidery, appliqué and patch work, flassi and D.G. Khan is famous for embroidery etc. Presently the people engaged in handlooms and crafts based textiles do not have easy access to upgrade the quality of their products in term of designing, quality control, production level and marketing due to non-availability of  finances at the required time.

 

The administrative approval was issued by the Secretary Industries Government of the Punjab for “Customized Lending Programme for Promotion & Development of Handlooms” at total cost of Rs. 40.000 Million with an allocation of 20.00 Million for the year 2008-09 sponsored by Punjab Small Industries Corporation.