Ehsaas Naujawan Programme
The Chief Minister of Khyber Pakhtunkhwa has unveiled the transformative “Ehsaas Naujawan Programme,” designed to uplift the youth of the province. This initiative prioritizes equipping young individuals with entrepreneurial skills and resources, enabling them to achieve financial independence and bolster the province’s economic progress.
Empowering Youth with Financial Opportunities
Understanding the challenges posed by limited financial resources, the Ehsaas Naujawan Programme provides young entrepreneurs with the necessary tools to turn their dreams into reality. By addressing these hurdles, the program serves as a catalyst for economic empowerment and societal growth.
Interest-Free Loan Scheme for Young Entrepreneurs
The program introduces a robust, interest-free loan structure to support small and large businesses. The details are as follows:
- Small Business Loans: Amounts ranging from PKR 100,000 to PKR 500,000 are available through the Akhuwat Islamic Microfinance Institute.
- Large Business Loans: Amounts between PKR 1 million and PKR 5 million are offered via the Bank of Khyber.
These loans eliminate barriers for aspiring entrepreneurs, providing a solid foundation for business growth.
Seamless Application Process
Applying for the Ehsaas Programme loans is straightforward, with options tailored for convenience:
- Bank of Khyber Loans:
- Applications can be submitted through the BoK website: BoK Ehsaas Portal.
- Akhuwat Islamic Microfinance Institute Loans:
- Youth can apply at the nearest Akhuwat branch. Find the closest branch here: Akhuwat Branch Network.
Funds are distributed equitably across all districts of Khyber Pakhtunkhwa, ensuring that every region benefits from this transformative initiative.
Flexible Repayment Terms
The Ihsaas Programme provides flexible repayment options to ensure accessibility and ease for participants:
- Bank of Khyber Loans: Repayment terms extend up to eight years.
- Akhuwat Loans: Repayment periods range from 36 to 60 months.
Furthermore, no collateral is required, reducing financial stress for participants while promoting inclusivity.
Driving Socio-Economic Empowerment in Khyber Pakhtunkhwa
The Ehsaas Naujawan Programme is a monumental step towards empowering the youth of Khyber Pakhtunkhwa. By fostering entrepreneurship and economic self-reliance, the initiative aims to create sustainable growth opportunities while addressing unemployment and poverty.
This program underscores the government’s commitment to nurturing young talent and laying the foundation for a prosperous future.