KP Launches Rs. 15 Billion Youth Empowerment Initiatives

KP Launches Rs. 15 Billion Youth Empowerment Initiatives

The Khyber Pakhtunkhwa (KP) government has launched four key programs designed to empower the youth of the province. These initiatives aim to provide skill development and foster economic independence, helping young people contribute to the economy in a meaningful way. With a total investment of Rs. 15 billion, the government hopes to reach thousands of young individuals across the province.

Program NameKey Features
Ehsaas Hunar SchemeRs. 4 billion, interest-free loans for youth
Rural Economic TransformationTechnical training for 60,000 rural youth
Technical Education UpgradeUpgrading 24 colleges to Centres of Excellence
On-the-job Training for TEVTAJob training for graduates

Ehsaas Hunar Scheme Interest-Free Loans for Youth

The Ehsaas Hunar Scheme is one of the main projects aimed at boosting youth entrepreneurship. This initiative, with a budget of Rs. 4 billion, offers interest-free loans of up to Rs. 500,000 to skilled young individuals. The goal is to help them start their own businesses and become financially independent.

The government has allocated Rs. 2 billion for this scheme in the current fiscal year, aiming to assist more than 35,000 young people in setting up their ventures. This program will help build a foundation for youth to generate their income and create job opportunities for others.

Rural Economic Transformation Project: Training and Financial Support

The Rural Economic Transformation Project is a partnership between the KP government, the European Union, and IFAD. This project targets youth from rural areas, including a special focus on women. It aims to offer free technical training to 60,000 young individuals, enhancing their skills for self-employment.

Moreover, the project will provide financial support to 42,000 skilled youth. A sum of $300 will be provided to help these individuals establish their own small businesses. The initiative is expected to promote long-term economic growth in rural areas.

Upgrading Technical Education Institutions

To enhance the quality of technical education, the KP government is upgrading two colleges in Abbottabad and Nowshera. These institutions will be turned into Centres of Excellence, offering modern and advanced training programs. Additionally, 22 other colleges will be improved to provide better facilities for students and to meet the demands of today’s job market. These improvements are designed to help students develop marketable skills and increase their chances of finding good jobs, both locally and internationally.

On-the-Job Training for TEVTA Graduates

Another important initiative is providing on-the-job training for graduates of the Technical Education and Vocational Training Authority (TEVTA). This curriculum seeks to close the knowledge gap between classroom instruction and real-world experience. By offering hands-on training in real-world job settings, the program will improve the employability of TEVTA graduates. This initiative will also help businesses find well-trained, skilled workers who can contribute immediately, improving the overall workforce quality in the region.

Conclusion

The KP government’s youth empowerment initiatives represent a significant investment in the future of the province. By providing financial support, skill development, and access to better education, these programs aim to reduce unemployment and create economic opportunities for young people. With these efforts, the government hopes to create a more prosperous and self-reliant youth population.

148 Farmers Benefit from Green Tractors Program in Punjab

FAQs

1. What is the Ehsaas Hunar Scheme in 2025?

The Ehsaas Hunar Scheme offers interest-free loans of up to Rs. 500,000 to skilled youth to help them start their own businesses.

2. Who can apply for the Rural Economic Transformation Project in 2025?

Young individuals, including women, from rural areas of KP can apply for technical training and financial aid under this project.

3. How many colleges will be upgraded under the technical education program in 2025?

Two colleges will become Centres of Excellence, and 22 other institutions will be improved for better training facilities.

4. What is the benefit of on-the-job training for TEVTA graduates in 2025?

The on-the-job training program helps TEVTA graduates gain practical experience, making them more employable in the job market.

Leave a Comment