The Chief Minister of Khyber Pakhtunkhwa has officially launched the “Ehsaas Naujawan Programme”, a groundbreaking initiative aimed at empowering the youth of the province.
This project is a top priority for the government, designed to equip young individuals with entrepreneurial skills and provide them with opportunities to enhance their economic well-being while contributing to the province’s economic growth.
For Small Businesses: Loans ranging from PKR 100,000 to PKR 500,000 are being provided through Akhuwat Islamic Microfinance Institute.
For Large Businesses: Loans between PKR 1 million and PKR 5 million are available via the Bank of Khyber.
All loans are offered on an interest-free basis.
Application Process:
Bank of Khyber Loans: Youth can apply through the BoK website: https://ehsaasnaujawan.bok.com.pk/
Akhuwat Islamic Microfinance Institute Loans: Applications can be submitted by visiting the nearest Akhuwat branch. For details on the nearest branch, visit: https://akhuwat.org.pk/branch-network/
Funds have been allocated equitably across all districts of Khyber Pakhtunkhwa, based on population proportions, to ensure equal access and opportunities for youth in every region.
Repayment Terms:
Bank of Khyber Loans: Flexible repayment over a period of eight years.
Akhuwat Islamic Microfinance Institute Loans: Repayment terms range from 36 to 60 months.
Importantly, the program ensures that no collateral is required for obtaining these loans, offering critical support to youth in starting and expanding their businesses.
This initiative marks a crucial step toward the socio-economic empowerment of the youth in Khyber Pakhtunkhwa. We are confident that the Ehsaas Naujawan Programme will play a pivotal role in fostering entrepreneurship and driving sustainable economic growth in the province.
