The decision has made by the Ministry of Information Technology and Telecommunication (MoITT) to incorporate private IT co-working spaces that are currently operational into the e-Rozgar centers plan.
IT Ministry To Convert Private IT Co-working Spaces Into e-Rozgar Centers
According to sources, this move will convert more than a dozen private co-working spaces in Punjab into cutting-edge e-Rozgar facilities.
According to MoITT sources, the goal of this project is to significantly improve the nation’s IT ecosystem.
Many private co-working spaces, mostly in Punjab, have already recognized by the ministry and will turn into these facilities right away.
The sources claim that government funding will provide to these co-working spaces so they can modernize their facilities and better serve the changing needs of the digital age.
The Public Sector Development Program (PSDP) already received the PC-1 proposal for the e-Rozgar Centers project from the government and waiting for approval.
However, the first e-Rozgar center in Pakistan scheduled to inaugurate by Dr. Umar Saif, the caretaker Minister of IT and Telecom.
100% Interest Rate Subsidy
Ministry insiders revealed that the government intends to finance the construction of these centers with a 100% interest rate subsidy.
Moreover, owners of buildings will able to apply for interest-free loans, with the PSDP providing a portion of the subsidy and Ignite funding the majority of it.
The government is providing loans of up to 10 million rupees to each e-Rozgar center for the development of infrastructure in an effort to create a model that benefits all parties involved.
However, banks, freelancers, and building owners will all profit from this strategy.
The e-Rozgar centers project will be carried out by the Pakistan Software Export Board (PSEB).
The PSEB has proposed to develop 250 centers with a budget of Rs. 1 billion, indicating the government’s continued commitment to building a strong digital infrastructure.
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