KP Announces Interest Free Loans for Youngsters

In a significant effort to empower the youth of Khyber Pakhtunkhwa (KP), Chief Minister Ali Amin Gandapur has announced three major initiatives focused on employment generation. The KP government is set to launch the “Ehsaas Rozgar,” “Ehsaas Hunar,” and “Ehsaas Nojawan Rozgar” programs, all designed to provide financial support to young entrepreneurs and skilled workers.

Key Initiatives

Ehsaas Rozgar

  • This program aims to create job opportunities and offer financial aid to youth seeking employment.

Ehsaas Hunar

  • The “Ehsaas Hunar” program will provide interest-free loans of up to Rs. 500,000 to skilled youth, enabling them to start or grow their businesses.

Ehsaas Nojawan Rozgar

  • Under this scheme, soft loans of up to Rs. 10 million will be available to eligible candidates. Additionally, interest-free loans of up to Rs. 200,000 will be offered for starting new businesses or expanding existing ones.

Implementation and Support

Chief Minister Gandapur has directed relevant departments to expedite the finalization of Memorandums of Understanding (MoUs) to ensure the swift implementation of these initiatives. These steps are part of a broader strategy to foster economic growth and improve the living standards of the province’s youth and underprivileged families.

Additional Programs

In a related development, CM Gandapur reviewed the progress on the “Ehsaas Apna Ghar” program, which aims to provide interest-free loans of up to Rs. 1.5 million for the construction, expansion, or renovation of homes for deserving families. This comprehensive strategy underscores the government’s commitment to enhancing the economic prospects and living conditions in KP.

The launch of these programs highlights the KP government’s dedication to empowering the youth through financial support and job creation. These initiatives are expected to play a crucial role in driving economic development and improving the quality of life for many young people and families across the province.

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