Good News CM [KP] Launches Loan Scheme Internship Program: Know The Eligibility!

Loan Scheme Internship Program

Here is the most recent information regarding the Ehsaas Youth Program and Loan Scheme Internship Program, which were launched on Friday, November 8th, at CM KP’s home in Peshawar with the goal of encouraging youth self-reliance. The goal of CM Ali Amin Gandapur is to give a group of three to five entrepreneurs soft loans totaling RS 50,00,000 so they can launch new companies and hire interns. In order to make the loan registries’ online portal more practical and convenient for applicants at home, it was introduced during the conference.For readers interested in the Youth Internship Program and Ehsaas Naujawan Program, these are all the necessary keys. The eligibility requirements for trainees and all the latest information about these massive programs are compiled in our blog!

KP CM Launches Loan Scheme Internship Program

The Khyber Pakhtun Khwa Government launched the Youth Internship Program initiative to give interns work throughout KPK. The initiative will offer employment opportunities to 400 trainees annually; the government has set a target of 1,200 interns in three years, with compensation packages of up to $25,000. However, the internship will last for three months.He went on to say that the time has come to fulfill PTI Chairman Imran Khan’s goal of empowering the next generation of young people to be financially independent and self-reliant.

Eligibility Criteria Of KP Internship Campaign

For KPK students to be eligible for traineeships through the Youth Loan Scheme Internship Program, they must fulfill the eligibility requirements. The following are the primary requirements that the candidate must meet:

The intern is under 29 years old.
KP should be the trainee’s permanent residence.
Minimum 16 years of education or a degree classification level is required of the applicant.
The HEC should approve the academic certification.

When speaking to the council, Chief Minister Ali Amin Gandapur added that upon completion of the traineeship, the interns will be given permanent positions in both public and private organizations with competitive pay packages, allowing the staff to support themselves financially while also advancing the prosperity and emancipation of the populace.

Ehsaas Naujawan campaign By KPK Chief Minister

CM Gandapur has formally launched the “Ehsaas Naujawan Program,” which aims to empower KPK’s youth. Instead than offering 4-grade jobs, this scheme gives soft loans of up to $5 million to groups of three to five people so they can start their own enterprises.The 3 billion rupee investment that has been mandated will be put into effect in three years. The Bank of Khyber and Akhuwat Islamic Microfinance Institute have been committed by the KP government to allocating loan payments. The project has been divided into two separate sections.

Loans Limit From 100,000 to 500,000

A group of three to five persons can receive loans ranging from 100,000 to 500,000 rupees to start a small business in the first phase of the initiative, which includes a chunk of over 2 billion rupees. The loans would be disbursed to qualified individuals by the Department of Youth Affairs and Akhuwat Microfinance Bank.To apply for this program, a candidate must be between the ages of 18 and 40. Instead of giving young people low-level work, the government wants them to operate their own business, even if it’s just a little one, so they can become self-sufficient and financially secure.

15% Quota Set-Aside For Women

In KPK, a 15% quota has been set aside for women in order to enable them to launch small businesses from home, get out of financial difficulties, and earn a living salary to support their families and kids.

2.5% of the quota is reserved for those with exceptional abilities.
Madrassa students are subject to a 5% quota.
Minorities have a special 2.5% quota.

From 1 Million to 5 Million Soft Loans Implementation

With the help of the Bank of Khyber (BOK), three to five young people will be given access to the second module of the Government Youth Program, which consists of approved zero-interest loans ranging from Rs 1 million to Rs 5 million. With this assistance, the resident can stand on their own two feet and develop a broad business with several concepts.Applicants for these loans must be between the ages of 18 and 35.

CM Gandapur Nujawan Rozgar 8 Years Repayment Plan

Repayment of the loans is scheduled to take place in eight years with easy installments. However, keep in mind that the first 20 months will serve as a buffer for new companies looking to boost their growth. Therefore, in this day and age, there is no need to repay the loan.

Conclusion

Chief Minister Ali Amin Gandapur’s KP Youth Internship Program and Ehsaas Naujawan Program provide a range of employment and entrepreneurial opportunities for Khyber Pakhtunkhwa’s youth to attain financial empowerment and self-sufficiency. specific quotas for women, madrassa students, and minorities, as well as interest-free soft loans up to 5 million rupees. The KP chief minister added that these actions are being taken for the advancement and development of the nation as well as the empowerment of the youth.

Read More: Apni Chat Apna Ghar Program

FAQs

What is the name of the internship program and loan scheme?

We refer to the loan program as the “Ehsaas Naujawan Programme” and the internship program as the “Chief Minister Youth Internship Programme.”

Who can apply for the loan program?

The loan program is open to young people between the ages of 18 and 35.

What are the requirements to be eligible for the internship program?

The internship program is open to young people up to 29 who have completed 16 years of education or have an equivalent degree approved by the Higher Education Commission.

Quick Table Details

Program	Key Details	Eligibility	Application Process
Ehsaas Naujwan Program	<ul><li>Interest-free loans for small and medium businesses</li><li>Loan amounts: Rs. 100,000 to Rs. 5 million</li><li>Three-year project worth Rs. 3 billion</li></ul>	<ul><li>Age: 18-40 years</li><li>Khyber Pakhtunkhwa resident</li></ul>	<ul><li>For Bank of Khyber loans: Online application through the Ehsaas Naujawan portal</li><li>For Akhuwat Microfinance Bank loans: In-person application at the nearest Akhuwat branch</li></ul>
Chief Minister Youth Internship Program	<ul><li>Three-month internships with a monthly stipend of Rs. 25,000</li><li>1,200 internships over three years</li><li>Post-internship job placement opportunities</li></ul>	<ul><li>Age: Up to 29 years</li><li>16 years of education or equivalent degree</li><li>Khyber Pakhtunkhwa resident</li></ul>	Application process details will be announced soon.