Ehsaas Nojawan Program Started by KPK Government

Ehsaas Nojawan Program

CM Khyber Pakhtunkhwa Ali Amin Gandapur has launched the Ehsaas Nojawan Program KPK to provide interest-free loans to youth who want to start new businesses. This program provides one lakh to five lakh rupees interest-free loans for small businesses. And ten lakh to fifty lakh rupees interest-free loans for large businesses.

Many Pakistanis are jobless, especially the youth. To solve this issue, the KPK government has introduced the Ehsaas Nojawan Programme. Hence, the youth of Pakistan can start their own small or big business by getting a loan according to their desire from this new program.

The government of KPK has partnered with the Ikhwat Islamic Microfinance Institute and the Bank of Khyber to distribute the loans for this program. For the distribution of small loans, the applicants need to get them from Akhuwat Islamic Microfinance Bank. On the other hand, those applicants who are trying to get large loans will get them from the Bank of Khyber. According to the officials, this program will provide interest-free loans and the applicants need to pay it back within eight years. The repay installments will be affordable according to the applicant’s repaying ability.

Ehsaas Nojawan Program Loan Types

As we have mentioned above in the 1^st paragraph the Ehsaas Nojawan Program provides small and large business loans. Both these loans have different amounts of money. Hence, the repayment years and installments change in both loan types. Let’s take a look at both loan types:

• Small Business Loans
• Large Business Loans

Nojawan Small Business Loan

Ehsaas Nojawan Program Small Business Loan is giving Rs 100000 to Rs 500000 to start any small business to the poor people living in Khyber Pakhtunkhwa. This program will use Akhuwat Islamic Microfinance Institute to provide small loans to the applicants.

Nojawan Large Business Loan

Those young people of KPK who are interested in getting a large loan from the KPK Ehsaas Nojawan Program can apply and get Rs 1,000,000 to Rs 5,000,000 from the Bank of Khyber. It will be decided by the loan providers whether the applicant meets the eligibility criteria of this loan program or not. If the applicant meets the eligibility criteria then this program will provide the loan. Otherwise, the loan application will be rejected.

KPK Interest-Free Loan Scheme

It is impossible to get a loan without paying interest in Pakistan. However, after the launch of the Ehsaas Naujawan Programme it has become possible to get an interest-free loan. After getting the loan the borrower can easily start own business and earn the living.

Take A Look At: KPK lkhtiyar Awam Ka App

Ehsaas Nojawan Program Apply

For both types of loans, the Ehsaas Nojawan Program has different methods to apply for the loan. We have a method to apply for the small loan apply method and the large loan apply method.

Ehsaas Nojawan Program Registration For Small Loans

Apply and get small business loans from the Akhuwat Islamic Microfinance Institute by following the steps below:

• Visit the nearest Akhuwat branch to apply for a small business loan.
• Get the loan form fill it out with the required details and submit it
• Applicant must provide all the basic details, required documents
• Provide proof of identity, residency proof, and business plan to officials
• Akhuwat officials will review your application and if you meet the eligibility then your application will be selected your rejected by the officials

Ehsaas Nojawan Program Registration For Large Loans

Those applicants who want to get large loans from this program need to visit the Bank of Khyber and apply by following these steps:

• Visit the Bank of Khyber branch or the official website
• Get the form and fill it out with your complete accurate details
• Attach the required documents along with the application form
• Submit the form on the official website or to the branch of the bank
• After approval or rejection, you will be informed on your phone number

Take A Look At: KP Sehat Card Scheme

How To Repay The Loan?

The Ehsaas Nojawan Program provides loans to all those applicants who are eligible for it. On the other hand, the repayment policy of this scheme is design in such a manner that borrowers can easily repay the installments.

• Small Loan Repayment: Akhuwat Islamic Microfinance Loans gives small loans and also offers the repayment terms ranging from 36 to 60 months according to borrowers desire.
• Large Loan Repayment: As the Khyber Bank provides large loans, hence it gives eight-year repayment terms to the borrowers.

This program allows the loan borrower to build and settle their business before going to start the repayment of the loan. It means the chances of growth are maximum in the program. Get the loan and make sure you become successful in your upcoming life.

Present in Whole KPK

This program is present in all districts of KPK. It means everyone who belongs to Khyber Pakhtunkhwa can avail benefit from this program. This program is available for all religions, and genders, and for normal as well as for disabled persons.

Ehsaas Nojawan Program Benefits

Thousands of benefits will be obtain from this program. It is a financial support scheme and it is built only to provide loans to those young persons of Pakistan. Who doesn’t have enough money to start their own business and generate revenue.

• This program makes sure that youth get enough financial assistance to become stable and self-reliant. Hence, this program works like a starter for those who want to start a new business.
• Get a small or large loan and start your business and this loan and program will become a source of growth and opportunity for you.
• When the youth will start a new business a lot of new employment opportunities will generate for those who are searching for jobs.

Take A Look At: KPK Electronic Jaidad Card

Conclusion

KPK government has made it possible for the youth of the Khyber Pakhtunkhwa to start their own business by getting loans. On the other hand, the basic qualities of this loan program such as interest-free, flexible repayment policies, and easy eligibility criteria have made it possible for everyone to apply and get this loan. If you are tired of finding a job then don’t worry. Just apply for an interest-free loan from Ehsaas Nojawan Program and become the boss of your own business.