Ehsaas Nojawan Program Launched

The Khyber Pakhtunkhwa (K-P) government introduced the Ehsaas Nojawan Program to empower youth by providing interest-free loans and creating employment opportunities. As part of the broader “Ehsaas Initiatives,” the program aims to support young entrepreneurs and boost the province’s economy. Chief Minister Ali Amin Khan Gandapur launched the program during an event in Peshawar, attended by officials, provincial cabinet members, and selected beneficiaries. Ehsaas Nojawan Program Launched

The program, which has a Rs3 billion overall budget, focuses on giving people and organizations interest-free loans so they can start their own businesses. The government’s goal of encouraging youth financial independence and entrepreneurship above traditional employment is reflected in this endeavor.

All-Inclusive Financial Assistance for Business Owners

The main goal of the Ehsaas Nojawan Program is to give young people in K–P interest-free loans. Young persons or groups of three to five people between the ages of 18 and 40 can apply for loans between Rs100,000 and Rs5 million. By enabling young entrepreneurs to launch or grow companies in a variety of industries, these loans promote economic growth and financial independence. Additionally, a 20-month grace period and an adjustable repayment schedule of up to eight years are provided.

Particular Allotments for Disenfranchised Populations

The program has set aside particular quotas for underrepresented groups in order to guarantee inclusivity:

15% for females.
2.5% for people with disabilities.

Students from Madressah receive 5%.
Minorities receive 2.5%.
By assisting underprivileged groups in contributing to the province’s economic development, these policies demonstrate the government’s dedication to equal opportunity for all.

Cooperation with Financial Organizations

The program distributes loans in partnership with Akhuwat Microfinance Bank and the Bank of Khyber (BoK).

BoK manages group loans, providing Rs1 billion in capital for corporate endeavors.
For individual loans between Rs100,000 and Rs500,000, Akhuwat offers Rs2 billion.

These collaborations guarantee effective loan distribution and increased engagement with young business owners in both urban and rural regions.

Program for Youth Internships

The Chief Minister Youth Internship Program, which offers opportunities for skill development and work experience, is part of the Ehsaas Nojawan Program.

• There will be 400 internships available year, each with a Rs25,000 monthly salary.
• 1,200 students will have hands-on experience in both the public and private sectors over the course of three years.

This element seeks to improve young people’s employability and get them ready for challenges in the future.

Perspective on Upcoming Ehsaas Projects

The Chief Minister declared that more initiatives would be introduced under the Ehsaas auspices, including:

1. Affordable housing is provided under the Ehsaas Apna Ghar Program.
2. The Ehsaas Rozgar Program will help create jobs.

Program for the development of skills, Ehsaas Hunar.
The government’s commitment to comprehensive youth development is further evidenced by these projects, which have a combined budget of Rs15 billion.

Procedure for Applications

The Ehsaas Nojawan Program has an easy-to-use application process.

• Lastly, people can use the official webpage to apply online.
• For internships, applicants must submit thorough business proposals or preferences.

Merit-based selection guarantees equality of opportunity and openness.

In conclusion

In Khyber Pakhtunkhwa, the Ehsaas Nojawan Program is a major step toward youth empowerment. By providing funding, opportunities for skill development, and special quotas, the program fosters economic growth and entrepreneurship. It supports the government’s goal of developing a young population that is independent and successful.