Ehsaas Youth Program
Khyber Pakhtunkhwa Chief Minister Ali Amin Gandapur has formally launched the Ehsaas Youth Program. Under this program, loans will be provided to young people to start small and large businesses. Small businesses will be provided with a loan of Rs 100,000 to Rs 500,000, while for large businesses, a loan of Rs 10,000,000 to Rs 50,000,000 will be provided. The aim of the Ehsaas Youth Program is to overcome the financial difficulties faced by the youth in order to create the best business opportunities for the youth across the province. The financial resources of this program are limited but loans will be distributed recognizing the talents of the youth.
Red More: Green Tractor Scheme Online Application
Loan disbursements and details
Small Business Loans: Loans of Rs 1 Lakh to Rs 5 Lakh will be provided for youth who wish to start small business, which will be disbursed by “Ikhwat Islami Microfinance Institute”.
Large Business Loans: Loans ranging from Rs 10 lakh to Rs 50 lakh for large business projects will be disbursed by “Bank of Khyber”.
Red More: Wheat Cultivation Program
These loans will be provided interest-free and without any collateral, so that even the low-income youth can easily avail these opportunities.
Red More: Rozgar Scheme in Punjab
How to Apply to Ehsaas Young Program
Visit the nearest Akhot branch: Applicants have to visit the Akhot branch. The address of the nearest branch can be found from the Brotherhood’s branch network website.
Application Form Filling: Complete the application form with required details.
Submit Documents: Provide all necessary documents, including proof of identity, proof of residence, and business plan.
Evaluation of Application: Fraternity will evaluate the application and after approval the amount will be released.
Red More: Punjab Livestock Card Scheme
How to Apply for a Big Business Loan
Online Application: Go to Bank of Khyber Ehsaas Youth Program Portal.
Online Form Filling: Complete the online application form with correct details.
Upload documents: Upload necessary documents including ID card, business plan, and proof of residency.
Application Verification: Bank of Khyber will verify the application and after approval the amount will be transferred to your account.
Terms of loan repayment
The Ehsaas Youth Program has flexible repayment terms so that youth can start repaying the loan once they stabilize their business. Bank of Khyber loans can be repaid within eight years, while the repayment period for Akhut loans is 36 to 60 months.
Impact of Ehsaas Young Programme
This program is an effective initiative to make the youth independent and financially stable:
Youth Empowerment: Youth are supported to start their own businesses by providing financial support.
Economic development: Youth businesses play an important role in the local economy.
Job creation: Local employment opportunities are created through new businesses.
Participate in Ehsaas Youth Program
If you are a young entrepreneur looking to start or grow your business, this is a great opportunity. For small businesses visit the nearest Akhot branch and for