PM Punjab Apni Gari Scheme 2023 Online Application Form

The Punjab Prime Minister PM has Launched the PM Punjab Apni Gari Scheme 2023 for youth in the Name of Apna Rozgar. All the Candidates who want to apply for the PM Punjab Apni Gari Scheme 2023 should know all the necessary details as the Eligibility Criteria, application form, registration process, etc. We are Proving all information for your eas.  CM Punjab Apna Rozgar Scheme 2023 Car/Vehicle Distribution Scheme will start this month.

The Goal for PM Punjab Apni Gari Scheme 2023

The Bank of Punjab shall provide financing to educated unemployed youth of Punjab who meets eligibility criteria & other terms of the scheme. The vehicles selected for the scheme are Suzuki Bolan and Suzuki Ravi. PM Imran Khan is hoping to meet a number of objectives with the most recent vehicle scheme. We’ve listed some of them along with the information below to see the potential impact of these schemes. This is about the purpose of the scheme:

  1. Car for everyone
  2. Encourage electric vehicles
  3. Breaking the chain of BIG-3
  4. The price of cars for small vehicles.

Tenure of Loan for Meri Gari Scheme 2023

05 years (60 months) will be the tenure of the loan for the Apni Gari Scheme 2023.

PM Punjab Apni Gari Scheme 2023 Last Date

The Prime Minister of Pakistan has announced but has not launched the scheme. So there is no last date for registration for the scheme because the last date is not announced yet. Whenever it will be announced we will update you soon.

  • Last Date to Apply:  Announced Soon

Meri Gari Scheme Meezan Bank

Car Ijarah is Meezan Bank’s auto financing product. It’s the first in Pakistan to offer interest-free car loans. It is built on the Islamic financing model that is known as Ijarah (leasing). This option is perfect for those who wish to receive interest-free financing when buying locally produced-or assembled vehicles. Car Ijarah works through a car rental agreement under which the Bank buys the vehicle and leases it at the request of the client for a duration of between one and five years, which is agreed upon during the contract. When the Ijarah period, the car is sold for the price of a token or gifted by the buyer.

PM Punjab Apni Gari Scheme 2023 Online Application Form

PM Punjab Apni Gari Scheme 2023

PM Punjab Apni Gari Scheme 2023

Eligibility Criteria to Apply

• Applicant must be an unemployed Punjab Domicile (male/female) holder domiciling in any district of Punjab.
• Age between 21 to 35 years as of 31st October 2023
• Qualification of at least Matric (or equivalent)
• Have a valid driving license (Issued on or before 31st October 2023)
• Have valid CNIC
• Maximum worth of assets of the applicant (Self), Spouse, Parents & Children should not exceed Rs.2 Million thresholds.
• Must not be a defaulter and not have a criminal record.
• 02 Guarantors required

Documents Required to Online Apply

  • Application form
  • Attested copy of Valid CNIC
  • Valid computerized driving license
  • Two recent photographs
  • Educational certificates
  • Domicile
  •  Affidavit on stamp paper of Rs.50/- regarding Net worth not more than Rs. 2.0 Million, No Criminal Record & no defaulter of any financial institution

How to Apply for PM Punjab Apni Gari Scheme 2023

  • The first step is to ensure that applicants must go through all instructions and requirements.
  • If the applicant meets the criteria, then you can download applications online.
  • After downloading the application form, it must be accompanied by all required documents, like a pay slip, join order, bank account information, and a description of the job.
  • The government employees such as employees of the health department as well as education department staff. the Account Office staff and police department personnel, etc. to get an automobile from 800 cc up to 1000 cc for the most affordable rate of interest, 5 percent.

Meri Gari Scheme Application Form Download

This is the only announcement by the Govt that, currently there isn’t a possibility of applying. We will soon announce the application procedure for the scheme in the near future and it is available for download from the following page. The form will be sent to you from the government. In it, the applicant will require the complete ID card number and address, along with the name mobile number, and the ID card of two individuals with responsibility.

Meri Gari Scheme Online Portal

You can be registered for Meri Gari Scheme at the online portal. You just have to log in to the portal. After login into the portal, you put in your details and submit it.

Meri Gari Scheme Calculator

You can see the merit calculator of each institution which allows this scheme. The calculator varies form space to space.

Specimen for Apni Gari Scheme 2023

VEHICLE SUZUKI RAVI PICKUP SUZUKI BOLAN
Price (with discount) Rs.597,000 Rs.655,000
Down Payment to be paid by qualified applicants Rs.170,000 Rs. 177,000
Markup rate 100% Markup shall be paid by the Government of Punjab.
Monthly Installment (includes insurance premium) Rs.9,000 Rs. 10,000

Fee Deposited with Application Form

1. Application Form Fee (Non-refundable) Rs.2,000 Rs.2,000
2. Token money (Refundable) Rs.9,000 Rs.10,000
 Total Amount Rs.11,000 Rs.12,000
What kind of other charges May I have to Pay?
Late payment charges Early termination charges Repo charges
RS 1 per thousand per day of monthly installment amount from the due date till the actual payment 5% on the outstanding principal amount To be borne by the borrower/Lessee as per the bank’s schedule of charges. Rs.10,000/- as fixed penalty and up to Rs.100,000/- as repossession charges or actual (whichever is lower) and Rs.200/- per day warehouse charges.

Meri Gari Scheme Launching Date

A Federal Finance Minister from Pakistan Shaukat Tareen revealed the Meri Gari scheme 2023. The scheme was revealed as part of the Finance Bill for the year 2023. The government has launched this scheme specifically for employees of the government. Government employees will be eligible for this benefit. Due to the low salary packages, There are many employees of government who couldn’t have enough money to buy a vehicle, but the Federal Government announces Meri Gari Scheme 2023. Government employees with little or no salary can afford to purchase their own vehicles with simple installments under the Meri Gari Scheme 2023. The Prime Minister of Pakistan has announced but has not launched the scheme. It may be possible to buy an exclusive Car.

Benefits for PM Punjab Apni Gari Scheme 2023

Finance minister ‘Shaukat Tareen announced the fact that “the Pakistani citizens could benefit from this scheme for cars in 2023”.He declared that the main advantage is “Excise tax on cars that are small of 800cc was reduced in the absence of customs and other regulation duties”. Finance Minister Tareen also stated that the government has provided taxes exemptions to electrical vehicles. The federal government has created this scheme to allow people to profit from the reality that recently, vehicle costs have been exorbitantly high, leading to a sharp reduction in sales. Because of the high costs people are unable to afford the cost of expensive cars. This is the reason why the government has created the car scheme, which means that the interest rate is lower.

The majority of those with lower incomes are more benefited from this program. People who want to own a vehicle can build their own car using this scheme. With this program provided by the Pakistani government Pakistan The interest rates for the Meri, Gadi scheme have been increased from 5 to 6 percent. Make sure that everyone gets this scheme and receives the most advantageous deal for their company and family. This lets doctors, teachers as well as government and private employees purchase a vehicle between 800cc and 1000cc with the lowest cost of interest, which is 5 percent.

New Interest Rate to Meri Gari Scheme

It is unclear if the Federal Govt hasn’t approved and confirmed this policy change, nor the interest rate has not been confirmed. The interest rate of the Govt for the Meri-Car program 2023 will be cut to 800cc or 1000cc. The interest rate for 1000cc will be 5 percent and for 800ccs 6.6 percent.

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