Islamabad, Jan 15: The Khyber Pakhtunkhwa (KP) government has unveiled the innovative ‘Ehsaas Nojawan Program,’ aiming to uplift the province’s youth through financial independence and self-employment opportunities.
Chief Minister Ali Amin Khan Gandapur inaugurated this transformative initiative at a cheque distribution ceremony at the Chief Minister’s House in Peshawar.
Provincial dignitaries, cabinet members, and loan recipients marked the occasion with their presence.
The program under ‘Ehsaas Initiatives’ empowers young entrepreneurs with interest-free loans.
World Bank $20B Pledge to Transform Pakistan in 10 Years
With a significant allocation of Rs. 3 billion, Rs. 1.1 billion has been earmarked for the current fiscal year. The program aims to foster a culture of self-reliance and economic growth.
The initiative comprises two key components. The first, in collaboration with the Bank of Khyber, offers interest-free loans ranging from Rs. 1 million to Rs. 5 million. These loans target groups of three to five individuals aged between 18 and 35, providing them with an eight-year repayment period, including a 20-month grace period to ensure business stability.
The second component, developed in partnership with Akhuwat Microfinance Bank, focuses on supporting small-scale ventures. Individual loans ranging from Rs. 100,000 to Rs. 500,000 are available for applicants aged 18 to 40, with special provisions for women and differently-abled individuals, ensuring inclusivity.
Chief Minister Gandapur announced additional initiatives, including Ehsaas Apna Ghar, Rozgar, and Hunar programs, collectively backed by a robust budget of Rs. 15 billion. These efforts highlight the government’s commitment to addressing unemployment, fostering entrepreneurship, and equipping the youth with essential resources to succeed.
The Ehsaas Nojawan Program is not just a financial support scheme but a pathway to unlocking the untapped potential of KP’s youth, ensuring long-term economic prosperity and stability in the region.
