Ehsaas Naujawan Program Interest-Free Loans in Khyber Pakhtunkhwa

The Ehsaas Naujawan Program is a special initiative by the Government of Khyber Pakhtunkhwa aimed at empowering young people with interest-free loans to start their own businesses. This program is a step toward reducing unemployment, promoting entrepreneurship, and providing financial support to the youth of Pakistan. Let’s explore the key features of this program, its objectives, and how young people can benefit from it.

Ehsaas Naujawan Program Objective

The Ehsaas Naujawan Program aims to:

• Provide financial support to youth who want to start their own business but lack the resources.
• Encourage self-employment and entrepreneurship among young people.
• Reduce unemployment in Khyber Pakhtunkhwa by supporting small businesses.
• Create a platform for young individuals to contribute to the country’s economy.

Key Partners

The program is a joint effort between:

• Akhuwat Islamic Microfinance: Provides interest-free loans to eligible candidates.
• Bank of Khyber: Offers banking support and processes applications for the program.
• Directorate of Youth Affairs, Khyber Pakhtunkhwa: Oversees the program and ensures it reaches deserving young people.

How the Ehsaas Naujawan Program Works

Eligibility: Young individuals aged between 18 and 35 years can apply for interest-free loans. The program is specifically targeted at residents of Khyber Pakhtunkhwa.

Loan Amount: The program offers interest-free loans ranging from PKR 60,000 to PKR 200,000, depending on the business requirements of the applicant.

How to Apply for Ehsaas Naujawan Program

• Interested candidates can apply through the Bank of Khyber’s official Ehsaas Naujawan Program portal: https://ehsaasnaujawan.bok.com.pk/.
• Candidates need to provide essential documents and business plans during the application process.

Repayment Terms

The loans are interest-free, making it easier for young people to repay without the burden of added interest.

Benefits of the Ehsaas Naujawan Program

• Interest-Free Loans: One of the most significant benefits is that these loans are interest-free, allowing young entrepreneurs to focus on growing their businesses without worrying about high repayment amounts.
• Financial Independence: The program encourages financial independence and self-sustainability, helping youth gain confidence in managing their businesses.
• Reduction in Unemployment: By promoting small businesses, the program aims to reduce unemployment in the province, contributing to overall economic stability.