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Eligibility Criteria for getting Loan

 
 
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  • The person should belong either to one of the Backward Classes notified by Punjab Govt. having annual family income less than Rs. 54500/- in urban areas and Rs. 39500/- in rural areas.
    Or.
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  • Minorities (Sikhs, Muslims, Charistians, Buddhists, Parsis)  and having annual family income less than Rs. 54500/- in urban areas and Rs. 39500/- in rural areas.
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  • Age should be between 18 to 55 years.
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  • If a person wants to avail loan for a scheme which involves Activity of  Technical Nature then he should be at least matriculate. But in case the loan is to be used for schemes which do not require technical knowledge i.e. Hereditary and Non-Technical Nature Activities then the condition of educational qualification is not required.