Ehsaas Youth Scheme
An online loan portal has been formally launched under the Ehsaas Youth Scheme, which aims to make the youth independent and financially stable. Three billion rupees have been allocated for this three-year program, in which interest-free loans will be provided with the support of Bank of Khyber at a cost of one billion rupees. Youth can apply online for loans on easy terms through this portal.
Under this project, youth clusters between 18 to 35 years of age, consisting of three to five persons, will be given loans ranging from Rs 10 to Rs 50 lakh. A flexible schedule of eight years has been set for repayment of the loan. Khyber Pakhtunkhwa Chief Minister Ali Amin Gandapur termed this project as an important step towards a bright future for the youth. And also introduced the Chief Minister Youth Internship Program for them.
Addressing the ceremony, Ali Amin Khan Gandapur said that the vision of the founder of Pakistan Tehreek-e-Insaaf is to make the nation stand on its own feet. He said that instead of giving only fourth-rate jobs to the youth. We want to provide business opportunities to them so that they can advance through their ideas.
Launch of the Ehsaas Youth Scheme Online Loan Portal
The Ehsaas Youth Scheme’s online portal is designed to simplify the application process for young people across KPK. With this online system, applicants can apply from the comfort of their homes, ensuring greater accessibility for youth in remote areas. This three-year program has an allocated budget of three billion rupees, aiming to reach thousands of young entrepreneurs throughout the province.
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Interest-Free Loans in Partnership with Bank of Khyber
In partnership with the Bank of Khyber, the scheme will provide interest-free loans worth up to one billion rupees. This financial assistance will help young entrepreneurs start or expand their businesses without the added burden of interest payments, making it easier for them to focus on growth and sustainability.
Flexible Loan Terms for Youth Clusters
Under this scheme, youth aged 18 to 35 can apply individually or in groups of three to five members. These clusters can access loans ranging from 10 to 50 lakh rupees, depending on their business plan and needs. The scheme offers a flexible repayment schedule of up to eight years, allowing participants to repay their loans in easy installments as their businesses grow.
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Chief Minister’s Vision for Youth Empowerment
Speaking at the program launch, Chief Minister Ali Amin Gandapur emphasized that the vision of this scheme aligns with creating a self-reliant and financially strong youth population. He stated that the goal is to provide young people with the resources and opportunities to build their own businesses. Rather than just offering low-level jobs. This initiative reflects a broader commitment to developing a skilled, independent workforce in KPK.
New Chief Minister Youth Internship Progra
Alongside the Ehsaas Youth Scheme, the Chief Minister also announced the Chief Minister Youth Internship Program. This internship program aims to provide practical experience and skill-building opportunities to young people, further equipping them for success in their professional and entrepreneurial endeavors.
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How to Register for the Ehsaas Youth Loan
Eligible youth can easily apply for the Ehsaas Youth Loan by following these steps:
- Visit the Online Portal: Go to the official Ehsaas Youth Scheme portal.
- Create an Account: Register by providing your CNIC, mobile number, and other required details.
- Fill Out the Application Form: Complete the application form accurately, providing details about your background, business ideas, and financial needs.
- Upload Required Documents: Submit scanned copies of documents such as your CNIC and proof of residence.
- Submit Your Application: Review your application and submit it through the portal.
Once submitted, applicants will receive a confirmation message and can track their application status online.
Eligibility Criteria for Ehsaas Youth Scheme Loan
To be eligible for the Ehsaas Youth Loan, applicants must meet the following criteria:
- Age Requirement: Applicants must be between 18 and 35 years old.
- Nationality: Only Pakistani nationals can apply.
- Cluster Requirement: Individuals or groups (clusters of 3 to 5 members) can apply to enhance their chances of loan approval.
- Loan Amount: Loans between 10 and 50 lakh rupees are available based on the applicant’s business plan and financial needs.
- Interest-Free: All loans under this scheme are interest-free, provided in collaboration with the Bank of Khyber.
This program aims to empower young individuals to build their own businesses and contribute positively to the local economy.
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Conclusion
The Ehsaas Youth Scheme, launched under the leadership of Chief Minister Ali Amin Gandapur, provides a unique opportunity for young entrepreneurs in KPK. With interest-free loans, flexible repayment terms, and additional programs like the Chief Minister Youth Internship Program. This initiative is set to make a lasting impact on the economic landscape of the province. Eligible youth are encouraged to take advantage of this opportunity and apply through the Ehsaas Youth Scheme’s online portal to start their journey toward financial independence and success.