The Khyber Pakhtunkhwa (K-P) government has recently launched the Ehsaas Nojawan Program, a significant initiative aimed at empowering the province’s youth by providing interest-free loans to foster entrepreneurship and economic independence.
Table of Contents
The Ehsaas Nojawan Program is a three-year initiative with an initial budget of PKR 3 billion, designed to support young individuals in establishing and expanding their businesses. The program comprises two main components:
- Large Business Loans: In collaboration with the Bank of Khyber, this component offers interest-free loans ranging from PKR 1 million to PKR 5 million to groups of three to five individuals aged 18 to 35. The repayment period spans eight years, including a 20-month grace period during which no repayments are required.
- Small Business Loans: Partnering with Akhuwat Islamic Microfinance, this segment provides interest-free loans between PKR 100,000 and PKR 500,000 to individuals aged 18 to 40 for small-scale business ventures. Special quotas are reserved for women, persons with disabilities, madrassa students, and minorities.
| Category | Details |
| Program Name | Ehsaas Nojawan Program |
| Launch Date | January 2025 |
| Loan Term | – Large Loans: 8 years (20-month grace period)- Small Loans: 36-60 months |
| Interest Rate | 0% (Interest-Free Loans) |
| Documents Required | CNIC, Income Proof, Utility Bills, Rent Agreement (if applicable), Educational Documents, etc. |
| Special Quotas | Women, Persons with Disabilities, Minorities, Madrassa Students |
| Province Covered | Khyber Pakhtunkhwa |
Application Process for the Ehsaas Nojawan Program
Interested applicants can apply through the following channels:
- Bank of Khyber: Applications can be submitted online via the Bank of Khyber’s official website: https://ehsaasnaujawan.bok.com.pk/.
- Akhuwat Islamic Microfinance: Applicants should visit the nearest Akhuwat branch to submit their applications. Branch details are available at: https://akhuwat.org.pk/branch-network/.
Read More: Benazir Kafalat Program Start With Qist
Required Documents for the Ehsaas Nojawan Program Launched for K-P Youth
Applicants are required to provide the following documents:
- Personal Identification: Copy of applicant’s CNIC or B-Form.
- Guardian’s Identification: Copy of CNIC of father, mother, or guardian.
- Income Proof: Salary slip or income certificate of father, mother, or guardian.
- Utility Bills: Copies of the last six months’ utility bills (electricity, gas, telephone, water), if applicable.
- Rent Agreement: Copy of rent agreement if residing in a rented house.
- Educational Documents: Copies of the last fee receipts of the applicant and siblings, if applicable.
- Medical Bills: Copies of medical bills or related expenditure documents, if applicable.
- Photographs: One passport-size photograph of the applicant and one picture of the house’s front view.
Read More: Benazir Taleemi Wazaif Payments for Students
Conclusion
The Ehsaas Nojawan Program represents a significant effort by the Khyber Pakhtunkhwa government to empower youth through financial support, enabling them to become self-reliant entrepreneurs. By providing interest-free loans and facilitating business opportunities, the program aims to foster economic growth and reduce unemployment in the region. Eligible individuals are encouraged to apply and take advantage of this initiative to realize their entrepreneurial aspirations.
Read More: Benazir Kafalat Program Payment Verification
FAQs
Who is eligible to apply for the Ehsaas Nojawan Program?
Individuals aged between 18 to 40 years, residing in Khyber Pakhtunkhwa, with a viable business proposal are eligible to apply.
Are the loans truly interest-free?
Yes, all loans provided under the Ehsaas Nojawan Program are interest-free.
Is collateral required to obtain these loans?
No, the program does not require any collateral for loan approval.
How can I apply for the program?
Applications can be submitted online through the Bank of Khyber’s website or by visiting the nearest Akhuwat branch, depending on the loan component.