KP Ehsaas Naujawan Program 2025 Launched by CM KP
The Ehsaas Naujawan Program is an initiative by the Government of Khyber Pakhtunkhwa, aimed at providing interest-free loans to young entrepreneurs to empower them economically. This program seeks to support youth in the northern areas of Pakistan by offering financial assistance for small business ventures and self-employment.
Here’s a comprehensive overview of the Ehsaas Naujawan Program under Ali Amin Gandapur, covering its objectives, eligibility, application process, and key details.
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Ehsaas Naujawan Program Overview
The Ehsaas Naujawan Program is specifically designed to aid unemployed youth in Khyber Pakhtunkhwa by providing interest-free loans. The loans are facilitated through partnerships with Akhuwat Islamic Microfinance and Bank of Khyber. The program’s focus is on youth empowerment through entrepreneurship, aiming to create job opportunities and encourage economic growth in the region.
Objectives of the Program
- Youth Empowerment: By providing financial support to the youth, the program aims to reduce unemployment and enable self-reliance among young people in Khyber Pakhtunkhwa.
- Economic Upliftment: This initiative promotes economic stability in northern areas by encouraging small business development and entrepreneurship.
- Interest-Free Financing: Through interest-free loans, the program ensures that financial constraints do not hinder the entrepreneurial dreams of young individuals.
Key Features and Benefits
- Interest-Free Loans: The program offers loans without any interest, ensuring easy repayment for young entrepreneurs.
- Loan Amount: The loan amount ranges according to the need and business proposal, making it flexible for various business types.
- Partnership with Financial Institutions: The program is in collaboration with Akhuwat Islamic Microfinance and Bank of Khyber, both of which have extensive experience in microfinancing.
Loan Providers
- Akhuwat Islamic Microfinance
- Purpose: Provides small interest-free loans to assist youth in setting up small businesses.
- Repayment Tenure: The loan can be repaid over a period of 6 to 30 months.
- Loan Amount: Flexible, based on the business proposal and financial requirement.
- Application Process: Visit any Akhuwat branch or the official website for further details.
- Contact: www.akhuwat.org.pk | Phone: 091-111-265-265
- Bank of Khyber
- Purpose: Offers interest-free loans specifically designed for youth entrepreneurship under the Ehsaas Naujawan initiative.
- Application Process: Interested candidates can apply through the Bank of Khyber’s official website or by visiting the nearest branch.
- Contact: https://ehsaasnaujawan.bok.com.pk | Phone: 091-111-265-265
Eligibility Criteria
To ensure that the loans reach those who need them most, the program has set specific eligibility criteria:
- Residency: Applicants must be residents of Khyber Pakhtunkhwa.
- Age Requirement: The applicant should fall within the youth age bracket as specified by the program guidelines.
- Business Proposal: Applicants need to submit a viable business proposal for starting or expanding a small business.
How to Apply
The application process for the Ehsaas Naujawan Program is straightforward:
- Choose a Financial Institution: Decide whether to apply through Akhuwat Islamic Microfinance or Bank of Khyber based on your needs.
- Visit the Website or Branch: You can apply online via the respective website or by visiting the nearest branch of Akhuwat or Bank of Khyber.
- Submit Application and Documents: Fill out the application form and provide all necessary documents, including proof of residence and a business proposal.
- Verification Process: The financial institution will review and verify the submitted documents and business plan.
- Loan Disbursement: Once approved, the loan amount will be disbursed according to the financial requirements and repayment plan.
Important Information
- Application Deadline: Applications are open starting 2024, with no specific end date mentioned, so interested individuals are encouraged to apply promptly.
- Support and Assistance: For any queries, applicants can contact the program’s helpline or visit the websites of the financial institutions for detailed guidance.
Contact Information
- Akhuwat Islamic Microfinance:
- Website: www.akhuwat.org.pk
- Phone: 091-111-265-265
- Bank of Khyber:
- Website: https://ehsaasnaujawan.bok.com.pk
- Phone: 091-111-265-265
The Ehsaas Naujawan Program is a remarkable step by the Government of Khyber Pakhtunkhwa to uplift and empower youth in the northern regions. By providing interest-free loans, the government ensures that financial barriers do not restrict the youth from pursuing their entrepreneurial ambitions. This program not only supports the creation of new businesses but also contributes to the region’s economic stability.
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