Ehsaas Naujawan Programme Khyber Pakhtunkhwa ~ 8171 Ehsaas Program Updates

The Chief Minister of Khyber Pakhtunkhwa has launched the "Ehsaas Naujawan Programme," a new initiative to support the province's youth. This program focuses on teaching young people entrepreneurial skills and creating opportunities to improve their financial situation while helping the province grow economically.

The Ehsaas Naujawan Programme understands the great potential of young people and focuses on solving the problem of limited financial resources that hold them back. This program provides financial support to help them achieve their dreams.

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Ehsaas Naujawan Programme Loan Details

Under CM Ali Amin Gandapur's leadership, a plan has been introduced to offer soft loans of up to Rs. 5,000,000 to teams of 3-5 aspiring entrepreneurs. This will help them start new businesses and create jobs for interns. A simple online portal https://ehsaasnaujawan.bok.com.pk was also launched to make applying for home loans easy.

The project will receive a total investment of 3 billion rupees over three years. The KP government has partnered with the Bank of Khyber and Akhuwat Islamic Microfinance Institute to manage the loan repayments.

For Small Businesses:

This program offers loans between Rs. 100,000 and Rs. 500,000 to groups of 3 to 5 people to start small businesses, with a total budget of over 2 billion rupees. The loans will be distributed by Akhuwat Microfinance Bank and the Department of Youth Affairs.

To qualify, applicants must be between 18 and 40 years old. The goal is not to give youth low-paying jobs but to empower them to start and own their own businesses.

For Large Businesses:

The Government Youth Program is giving out loans to young people, ages 18 to 35, to help them start their own businesses. Bank of Khyber (BOK) will give out loans of 1 million to 5 million rupees, and the best part is, you won't have to pay any interest on the loan. This money can help you start a big business with many different ideas and become financially independent.

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Ehsaas Naujawan Programme Quota Details

The government is helping people in Khyber Pakhtunkhwa (KP) start small businesses from home.

Women: 15% of the loans are specifically for women to help them overcome financial difficulties.
People with Disabilities: 2.5% of the loans are for people with special abilities.
Madrassa Students: 5% of the loans are for students from madrassas.
Minorities: 2.5% of the loans are for people from minority groups.

These loans are available to people between the ages of 18 and 35.

Repayment Plan

The government is offering loans to young people aged 18-35 to help them start businesses. Here are the repayment terms for two different loan providers:

Bank of Khyber: You can pay back your loan over 8 years.
Akhuwat Islamic Microfinance Institute: You can pay back your loan in 3-5 years.

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Frequently Asked Questions

Who is eligible for the Ehsaas Naujawan Programme?
- Individuals between the ages of 18 and 35 who are residents of Khyber Pakhtunkhwa are eligible.
How can I apply for the loan?
- You can apply through the official government portal or by visiting the partner financial institutions.
What documents are required for the application?
- The required documents may vary but generally include proof of identity, age, residence, and business plan.
What are the criteria for loan approval?
- Loan approval is based on factors such as the applicant's creditworthiness, business plan feasibility, and adherence to program guidelines.
Is there any collateral required for the loan?

No, the loans are collateral-free.

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Conclusion

The government of Khyber Pakhtunkhwa is helping young people, ages 18-35, become financially independent through two programs:

KP Youth Internship Program: This program provides job opportunities to young people.

Ehsaas Naujawan Program: This program offers interest-free loans of up to 5 million rupees to help young people start their own businesses.

The government is also giving special consideration to women, madrassa students, and minorities when awarding these loans.

By providing these opportunities, the government aims to empower young people and help them contribute to the growth of the country's economy.

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