Ehsaas Naujawan/Nojawan Program
| Topic | Details |
|---|---|
| Program Name | Ehsaas Naujawan Program |
| Partners | Directorate of Youth Affairs KPK, Akhuwat Islamic Microfinance, Bank of Khyber |
| Loan Types | Interest-free loans, soft loans |
| Loan Amounts | Up to Rs 10 million for soft loans, up to Rs 200,000 and Rs 500,000 for specific programs |
| Target Group | Young entrepreneurs and skilled youth in Khyber Pakhtunkhwa (KPK) |
| Purpose | Help young people start or expand businesses |
| Application Process | Apply at the nearest Bank of Khyber branch or online |
| Contact for More Info | Nearest Bank of Khyber branch or https://bok.com.pk |
1. What is the Ehsaas Naujawan Program?
The Ehsaas Naujawan or Nojawan Program is a special scheme that helps young people in Khyber Pakhtunkhwa (KPK), Pakistan. The program gives interest-free loans to youth so they can start their own businesses. This project is supported by the Directorate of Youth Affairs KPK, Akhuwat Islamic Microfinance, and the Bank of Khyber. These organizations have come together to support young entrepreneurs with financial assistance.
This program is designed to help the youth become independent by providing funds without interest. It supports small businesses and startups, giving young people a chance to work for themselves. The aim is to make the economy stronger and help youth become self-reliant by making them successful entrepreneurs. So, young people who have business ideas but lack money can now take this opportunity to make their dreams come true!
2. Why is the Ehsaas Naujawan Program Needed?
There are many young people in KPK who want to start a business but face challenges like not having enough money. Because of this, many are left without jobs or forced to work low-paying jobs. This program is needed to solve these problems and create more opportunities for the youth.
The Ehsaas Naujawan Program will help young people not only create jobs for themselves but also for others. By supporting young entrepreneurs, the program aims to boost the local economy and help communities grow. The government wants to make sure every young person has the resources to start a business if they want to. With this program, young people can reach their potential and build a better future.
3. How Will the Ehsaas Naujawan Program Work?
This program is managed by the Bank of Khyber in partnership with other organizations. Youth interested in the loan program can go to their nearest Bank of Khyber branch to get more information. There is a simple application process to make it easy for young people to get these loans.
This program provides different types of loans based on the needs of young entrepreneurs. There are interest-free loans for new businesses and soft loans for those who want to grow their current businesses. The Directorate of Youth Affairs KPK and Akhuwat Islamic Microfinance are working hard to make sure young people get all the support they need.
4. How Much Loan Can Young People Get?
There are three types of loans available in the Ehsaas Naujawan Program:
- Soft Loans: These are loans up to Rs 10 million, designed to help people start or grow bigger businesses.
- Interest-Free Loans: Young people can receive up to Rs 200,000 in interest-free loans to start new businesses or expand existing ones.
- Skilled Youth Loans: The Ehsaas Hunar Program offers loans up to Rs 500,000 for skilled youth. This is perfect for those who want to start a business using their skills or knowledge.
These different loan amounts allow young people to get the funds they need for various business needs, big or small.
5. Who Can Get Loans in the Ehsaas Naujawan Program?
The Ehsaas Naujawan Program is specially created for young people who live in Khyber Pakhtunkhwa. To qualify, applicants should meet certain requirements:
- Age Limit: The program is aimed at young entrepreneurs, so applicants should be in the youth age bracket.
- Resident of KPK: Only people living in the KPK region can apply for these loans.
- Business Idea: Applicants must have a clear idea or plan for their business to show how they will use the loan.
- Skills and Background: For skilled youth loans, applicants should have a specific skill or training in a trade or business.
6. How to Apply for the Ehsaas Naujawan Program
Applying for this program is easy and convenient. Here’s how you can apply:
- Visit the Bank of Khyber: Go to the nearest Bank of Khyber branch, where you can get all the necessary details.
- Online Application: For those who prefer online services, you can also explore the application process on the Bank of Khyber’s website at bok.com.pk.
- Submit Required Documents: Be sure to provide all required documents, including your business plan and personal details, to complete your application.
After submitting your application, you may need to wait for approval. Once approved, you will be notified about how to receive your loan.
7. Benefits of the Ehsaas Naujawan Program for Youth
This program has many benefits that can make a big difference for young people in KPK:
- No Interest Charges: Interest-free loans make it affordable for young entrepreneurs to get funds without having to worry about paying back extra money.
- Easy Access to Funds: Youth can get the financial support they need to start a business, which can be challenging to obtain elsewhere.
- Skill-Based Loans: Skilled youth can get loans specifically designed to help them grow businesses based on their expertise.
- Economic Boost: This program helps improve the local economy by encouraging new businesses and creating job opportunities.
8. Future of the Ehsaas Naujawan Program
The Ehsaas Naujawan Program is only the beginning of new opportunities for young people in KPK. The government and its partners plan to continue developing more programs to support youth. Initiatives like the Ehsaas Hunar Program and Ehsaas Nojawan Rozgaar Scheme show that the government is committed to creating a better future.
With the right support and resources, young entrepreneurs can achieve their dreams and make a positive impact on society. This program is just the start of what young people in KPK can accomplish.