KP Government to Offer Interest-Free Loans for Young Entrepreneurs!

Great news for young entrepreneurs in Khyber Pakhtunkhwa! The provincial government has launched interest-free business loans under the Ehsaas Hunar Program to help skilled youth kickstart their businesses. If you’ve got the skills but lack funding, this initiative is your golden opportunity!

Key Features of the Interest-Free Loan Scheme

Loan Amount: Up to Rs. 500,000
Repayment Plan: Easy 36 monthly installments
Total Budget: Rs. 3 billion allocated, with Rs. 200 million set aside for FY 2024-25
Target Beneficiaries: 35,000 skilled youth in KP
Eligibility: KP residents aged 18-40 with a skill certificate or diploma

This initiative, a collaboration between TEVTA and the Bank of Khyber (BoK), is set to empower young professionals and boost economic growth in the region.

Ehsaas Naujawan Programme: A Revolutionary Initiative

The Chief Minister of Khyber Pakhtunkhwa has officially launched the Ehsaas Naujawan Programme, a groundbreaking initiative aimed at equipping young individuals with entrepreneurial skills and financial support.

This program is a top priority for the government, ensuring that limited financial resources no longer hold back aspiring entrepreneurs.

Loan Distribution Details

For Small Businesses: Loans from PKR 100,000 to PKR 500,000 via Akhuwat Islamic Microfinance Institute.

For Large Businesses: Loans between PKR 1 million and PKR 5 million through the Bank of Khyber.

All loans are completely interest-free!

How to Apply?

Bank of Khyber Loans: Apply online at BoK website.

Akhuwat Islamic Microfinance Loans: Visit the nearest Akhuwat branch to apply.

Funds are allocated equitably across all districts of KP based on population to ensure equal access for all!

Flexible Repayment Terms

Bank of Khyber Loans: Repay over 8 years
Akhuwat Microfinance Loans: Flexible 36 to 60 months repayment plan
No Collateral Required!

This program makes it easier than ever for young entrepreneurs to launch and expand their businesses without financial stress!

Why This Initiative Matters

Financial Independence: Start your own business, be your own boss!
Government-Backed Security: A transparent and structured program
Massive Impact: Helping thousands of youth enter the business world

This initiative is a game-changer for youth empowerment in Khyber Pakhtunkhwa. It will foster entrepreneurship and drive sustainable economic growth in the province.

Final Thoughts

With billions in funding, interest-free loans, and flexible repayment plans, the KP government is paving the way for a new generation of successful entrepreneurs.

If you’re a skilled youth with big dreams, this is your chance to make them a reality!

Stay updated by following official channels for application deadlines and additional details.