The Government of Khyber Pakhtunkhwa (KP) has launched the Ehsaas Naujawan Program 2025, a transformative initiative aimed at empowering the province’s youth through interest-free loans. This program seeks to foster entrepreneurship, reduce unemployment, and stimulate economic growth by providing financial support to young individuals aspiring to start or expand their businesses.
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Objectives of the Ehsaas Naujawan Programme
The primary goals of the Ehsaas Naujawan Program include:
- Youth Empowerment: Facilitating self-reliance among young people by offering financial assistance to initiate or grow their enterprises.
- Economic Development: Encouraging small business ventures to boost economic activity within the province.
- Interest-Free Financing: Removing financial barriers by providing loans without interest, ensuring accessible funding for all eligible youth.
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Interest-Free Loans Categories and Details
The program offers two main categories of interest-free loans to cater to varying business needs:
1. Small Business Loans
- Loan Amount: PKR 100,000 to PKR 500,000
- Implementing Partner: Akhuwat Islamic Microfinance Institute
- Eligibility: Individuals aged 18 to 40
- Repayment Period: 36 to 60 months
- Collateral Requirement: None
2. Large Business Loans
- Loan Amount: PKR 1 million to PKR 5 million
- Implementing Partner: Bank of Khyber
- Eligibility: Groups of 3 to 5 individuals aged 18 to 35
- Repayment Period: Up to 8 years, with a 20-month grace period
- Collateral Requirement: None
Special quotas are reserved for women and persons with disabilities to promote inclusive economic participation.
How to Apply for the Ehsaas Naujawan Program
The application process varies based on the loan category:
For Small Business Loans
- Visit Akhuwat Branch: Locate and visit the nearest Akhuwat Islamic Microfinance branch.
- Complete Application: Fill out the loan application form with accurate personal and business information.
- Submit Required Documents: Provide necessary documents, including proof of identity, residence, and a viable business plan.
- Await Approval: The application will be reviewed, and upon approval, funds will be disbursed accordingly.
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For Large Business Loans
- Online Application: Access the Bank of Khyber’s Ehsaas Naujawan Programme portal: https://ehsaasnaujawan.bok.com.pk/
- Register and Apply: Create an account, complete the online application form, and upload the required documents, including a comprehensive business proposal.
- Application Review: The bank will assess the application, and upon approval, the loan amount will be disbursed.
Eligibility Criteria for Ehsaas Naujawan Program 2025
To apply for the Ehsaas Naujawan Program, you must meet the following conditions:
- Age Requirement: 18 to 40 years for small loans, 18 to 35 years for large loans.
- Residency: Must be a resident of Khyber Pakhtunkhwa (KP).
- Business Plan: Should have a clear and feasible business idea.
- Education: No specific education requirement, but business knowledge is preferred.
- Loan History: Must not have defaulted on any previous government loan.
- Gender & Special Quotas: Women and persons with disabilities are encouraged to apply.
- Group Loans: For large loans, applicants must apply in a group of 3 to 5 members.
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Key Features of the Ehsaas Naujawan Program
- Interest-Free Loans: Ensuring financial support without the burden of interest.
- Collateral-Free Financing: Eliminating the need for collateral to make loans accessible to a broader youth demographic.
- Flexible Repayment Terms: Offering manageable repayment schedules to facilitate business growth before repayments commence.
- Inclusive Allocation: Distributing funds equitably across all districts of KP, based on population, to ensure widespread access.
Contact Information
For further assistance or inquiries:
- Akhuwat Islamic Microfinance Institute
- Website: https://akhuwat.org.pk/
- Phone: 091-111-265-265
- Bank of Khyber
- Website: https://ehsaasnaujawan.bok.com.pk/
- Phone: 091-111-265-265
Conclusion
The Ehsaas Naujawan Program 2025 represents a significant commitment by the Khyber Pakhtunkhwa government to empower its youth through financial support and entrepreneurial development. By providing interest-free, collateral-free loans with flexible repayment terms, the program aims to foster a new generation of business leaders, stimulate economic growth, and create employment opportunities across the province. Young entrepreneurs are encouraged to seize this opportunity to turn their business aspirations into reality and contribute to the socio-economic development of Khyber Pakhtunkhwa.
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