Table of Content
Ehsaas Youth Program
The government of Khyber Pakhtunkhwa has taken a significant step towards empowering the youth by launching the Ehsaas Youth Program. This initiative, spearheaded by Chief Minister Ali Amin Gandapur, aims to provide financial support to young entrepreneurs who wish to start or expand their businesses. By offering interest-free loans without the need for collateral, the program seeks to overcome the financial barriers that many young people face. This article explores the various aspects of the Ehsaas Youth Program, including loan details, application processes, repayment terms, and the overall impact on the community.
Loan Disbursements and Details
The Ehsaas Youth Program offers two types of loans: small business loans and large business loans. For those looking to start small businesses, loans ranging from Rs 100,000 to Rs 500,000 are available. These loans are managed by the Ikhwat Islami Microfinance Institute, ensuring that the funds are accessible to young entrepreneurs. On the other hand, larger business projects can receive loans between Rs 10,000,000 and Rs 50,000,000, which are disbursed by the Bank of Khyber. These substantial amounts are designed to support more significant business ventures, helping youth scale their operations and contribute meaningfully to the local economy.
How to Apply to the Ehsaas Youth Program
Applying for the Ehsaas Youth Program is a straightforward process designed to be accessible to all eligible youth. Applicants for small business loans must visit the nearest Akhot branch, where they can obtain and complete the necessary application forms. The application requires personal information, proof of identity, residence, and a detailed business plan. After submitting the documents, the applications are evaluated by the Brotherhood’s branch network, and approved loans are disbursed accordingly. For those seeking larger loans, the application can be completed online through the Bank of Khyber’s Ehsaas Youth Program Portal. This digital approach simplifies the process, allowing applicants to fill out forms and upload required documents from the comfort of their homes.
Also Read: Himmat Card 10500 November to December Payment by Bank of Punjab in 2024-25
Terms of Loan Repayment
One of the key features of the Ehsaas Youth Program is its flexible repayment terms, which are designed to accommodate the financial stability of young entrepreneurs. Loans provided by the Bank of Khyber can be repaid over a period of up to eight years, giving borrowers ample time to manage their finances as their businesses grow. For loans disbursed by Akhot, the repayment period ranges from 36 to 60 months, allowing for manageable monthly payments. This flexibility ensures that borrowers are not overburdened by their repayments, enabling them to focus on building and sustaining their businesses without undue financial stress.
Also Read: 2 Months to Go for Kafalat 13,500 Payment: BISP Update for 2025
Impact of Ehsaas Youth Program
The Ehsaas Youth Program is expected to have a profound impact on the youth and the broader economy of Khyber Pakhtunkhwa. By providing financial support, the program empowers young individuals to pursue their entrepreneurial dreams and become financially independent. This empowerment leads to economic development, as new businesses contribute to the local economy by creating jobs and generating income. Additionally, the creation of employment opportunities helps reduce unemployment rates among the youth, fostering a more stable and prosperous community. The program also encourages innovation and creativity, as young entrepreneurs bring fresh ideas and solutions to various industries.
Also Read: BISP Chairperson Rubina Khalid Announces Benazir Hunarmand Program
How to Apply for a Big Business Loan
For those interested in applying for a large business loan under the Ehsaas Youth Program, the process is entirely online. Applicants need to visit the Bank of Khyber’s Ehsaas Youth Program Portal, where they can complete the online application form with accurate and up-to-date information. After filling out the form, applicants must upload necessary documents, including their ID card, a comprehensive business plan, and proof of residency. The Bank of Khyber then verifies the application to ensure all criteria are met before approving and transferring the loan amount to the applicant’s account. This streamlined online process makes it easier for young entrepreneurs to access significant funding without the need for physical branch visits.
Also Read: New Update: How to Get Benazir Kafaalat November Payment in Phase 1
Conclusion
The Ehsaas Youth Program launched by the Khyber Pakhtunkhwa Government represents a pivotal initiative aimed at fostering youth entrepreneurship and economic growth. By providing interest-free loans without the requirement of collateral, the program removes financial barriers and creates opportunities for young individuals to start and expand their businesses. With flexible repayment terms and a straightforward application process, the program is designed to be inclusive and supportive of the youth’s financial stability. The positive impact on job creation, economic development, and youth empowerment highlights the program’s potential to transform the local economy and build a brighter future for the province’s young entrepreneurs. If you are a young entrepreneur ready to take the next step in your business journey, the Ehsaas Youth Program offers a valuable opportunity to achieve your goals.