The Yellow Cab Scheme is a transformative initiative designed to provide educated unemployed youth with a sustainable livelihood. Launched by the provincial government, this scheme aims to distribute 20,000 cabs, specifically 60% Mehran and 40% Bolan models, to eligible applicants. With a structured approach and clear eligibility criteria, this program is set to empower young individuals and stimulate local economies.
What is the Yellow Cab Scheme?
The Yellow Cab Scheme is a government initiative that offers cabs to unemployed youth, allowing them to earn a decent income. The scheme focuses on providing opportunities for those who are educated but struggling to find employment. The distribution of cabs will be based on the population of each tehsil, with a special quota allocated for Southern Punjab.
Eligibility Criteria for Applicants
To participate in the Yellow Cab Scheme, applicants must meet specific eligibility criteria. Here’s what you need to qualify:
- Domicile: Applicants must have a valid domicile certificate from the province.
- Education: A minimum of Matriculation (10th grade) is required.
- Age: Candidates should be between 21 to 35 years old.
- Employment Status: Must be unemployed.
- Financial Status: Total assets should not exceed PKR 2 million.
- Bank Status: Applicants must not be defaulters of any bank and should have no criminal record.
- Driving Training: Completion of a 15-day driving training course is mandatory.
The scheme is gender-neutral, encouraging both men and women to apply.
Financial Aspects of the Scheme
The Yellow Cab Scheme aims to make owning a cab financially accessible. Here are the key financial details:
- Cab Prices: The price for a Mehran cab is set at PKR 427,000, while the Bolan cab is priced at PKR 529,000.
- Discounts: A discount of PKR 48,000 per cab is available.
- Installments: The monthly installment is PKR 8,000, making it easier for applicants to manage payments.
- Leasing: Cabs are leased through the Bank of Punjab (BOP).
Application Process
The application process for the Yellow Cab Scheme is straightforward:
- Online Registration: Interested candidates can register online through the official website (Click Here).
- Computerized Balloting: After registration, applicants will be selected through a computerized balloting system to ensure fairness.
- Verification: The District Verification Committee (DVC), led by the District Coordination Officer (DCO), will verify the credentials of selected applicants.
Training and Support
To ensure that applicants are well-prepared, the scheme includes comprehensive driving training provided by esteemed organizations such as:
- National Logistics Cell (NLC)
- Motorway Police
- Daewoo
- Punjab Police
As of now, approximately 19,000 applicants have successfully completed their training.
Current Progress and Future Goals
The Yellow Cab Scheme has made significant progress, with 13,800 cabs already distributed. The government aims to achieve the target of 20,000 cabs by July 15, 2024. The total financial outlay for this initiative is estimated at PKR 10.5 billion, reflecting the government’s commitment to supporting unemployed youth.
Grievance Redressal
To address any concerns or issues, Grievance Redressal Committees have been established at the divisional level. This ensures that applicants have a platform to voice their complaints and receive timely assistance.
Conclusion
The Yellow Cab Scheme is a remarkable opportunity for educated unemployed youth looking to establish a stable livelihood. With clear eligibility criteria, affordable payment plans, and comprehensive training, this initiative is set to empower individuals and enhance their quality of life. If you meet the eligibility requirements, don’t miss the chance to register online and take the first step towards a brighter future!
For more information and to apply, visit the official website of the Yellow Cab Scheme.