The Ehsaas Naujawan Loan Program is a new scheme by the Government of Khyber Pakhtunkhwa. It is made for the youth of the province. The aim is to give easy business loans. These loans help people start or grow small and big businesses. It also helps reduce poverty and increase jobs.
This program is part of the bigger Ehsaas framework. It is for young people who are unemployed. It gives loans from PKR 100000 to PKR 5000000. The loan time is between 3 to 8 years. It is available in easy installments. You do not need to give any guarantee. There is no interest or low interest. This makes it easy for people to repay.
Important Features
| Loan Type | Amount (PKR) | Time | Age Limit | Bank/Agency |
|---|---|---|---|---|
| Small Loan | 100000 to 500000 | 3 to 5 years | 18 to 40 | Akhuwat Islamic Microfinance |
| Large Loan | 1000000 to 5000000 | Up to 8 years | 18 to 35 | Bank of Khyber |
There are two parts of this loan scheme. One is small business loan. Second is large business loan.
Small Business Loan
This is managed by Akhuwat Islamic Microfinance. You can get a loan between PKR 100000 to 500000. You can pay it back in 3 to 5 years. This loan is best for small shops or online businesses. The total money for this part is PKR 2 billion. Youth from 18 to 40 years old can apply. No need to show any asset or property. You only need a business idea and CNIC.
Large Business Loan
This is handled by Bank of Khyber. You can get a bigger loan of PKR 1000000 to 5000000. You can pay it back in 8 years. You also get 20 months grace period. That means no need to pay in the first 20 months. This loan is for medium-level businesses. It needs a group of 3 to 5 persons. The age limit is 18 to 35 years. The government gives 90 percent loan. You give only 10 percent from your side.
Who Can Apply
You must be from Khyber Pakhtunkhwa. This includes merged tribal areas. You must have a valid CNIC.
- Age for small loan: 18 to 40 years
- Age for large loan: 18 to 35 years
- You must have a business plan. This shows your idea, goals, and how you will grow.
- If applying for large loan you need to register a firm or make a partnership with 3 to 5 members.
- You must have clean credit history. This means no previous loan default.
- Skilled persons or graduates get more chance.
- People with new businesses (less than 2 years) can also apply.
- Businesses related to weapons, alcohol, or radioactive items are not allowed.
This loan program gives equal chance to females, minorities, disabled people, and madrasa students. They also have special quota.
How to Apply
There are two different ways to apply.
For Small Loans – Akhuwat Islamic Microfinance
- Go to your nearest Akhuwat branch. There are 90 branches in 28 districts.
- Ask for the application form.
- Fill it with name, CNIC, contact info, and your business idea.
- Submit documents like CNIC, proof of residence, and business plan.
- Akhuwat will check your form. If accepted you get loan. If rejected they will tell you why.
- Visit website www.akhuwat.org.pk for more help.
For Large Loans – Bank of Khyber
- Visit https://ehsaasnaujawan.bok.com.pk to apply online. Or go to Bank of Khyber branch.
- Prepare documents like CNIC, residence proof, business plan, and firm registration.
- Bank checks your business idea and growth chances.
- If your plan is strong you get loan. You will be informed in 2 to 4 weeks.
- For questions call 091-111-265-265 or visit www.bok.com.pk.
This program is easy and open for everyone. Online and offline help is available. No need for any agent or middleman.
Conclusion
The Ehsaas Naujawan Loan Program is a big chance for youth in Khyber Pakhtunkhwa. You can start your own business. No need to worry about interest or collateral. With 3 billion rupees in total budget it can help many people. It will create jobs and grow the local economy. If you are young and have a good idea do not wait. Apply today and take the first step to become a business owner.