The Khyber Pakhtunkhwa government has decided on its Easy Installment Loan Program for 2024. The program will commence with a financial allocation of 1 billion rupees.
The government will provide loans ranging from 2 million to 10 million rupees, targeting one crore rupees in total.
Additionally, the government plans to initiate vocational training and promotion of entrepreneurship for youth.
Decision on the Easy Installment Loan Program for Self-Employment
The Khyber Pakhtunkhwa government has finally resolved to provide loans to the youth for business purposes.
The youth will receive loans on easy installments and extremely lenient terms and conditions. The government of KP will soon launch the program for the youth.
The KP Chief Minister appeals for attention to traditional sports such as polo, tent pegging, archery, wrestling, horse riding, swimming, and other traditional games.
The KP government already has an attractive loan scheme in place for government employees, known as the House Building Advance, Motorcycle, and Car Advance Loan Scheme.
The Khyber Pakhtunkhwa government has decided on the Youth Entrepreneurship Program. The government will extend loans to eligible individuals for businesses. The Chief Minister has made the following decisions:
Decisions of CM KPK
- Youth entrepreneurship program
- Youth Skill Development Programme
- A total allocation of the amount 1 billion
- The loan amount range is Rs. 2 million to 10 million
- Specialized training for 20000 youth
- Provision of business in and out of the country
- Youth Education Programme
- Merit Scholarships in technical and digital-based departments
- Establishment of an incubation center
- e-learning
- career counseling
- digital skills
- certificates in advanced courses
- Merit-Based Internships
Details of Loan Amount and Installments
So far, the KP government has devised a loan scheme to facilitate business goals and provide suitable employment opportunities for the youth.
The government will soon launch a detailed program for this purpose, covering loan amounts, terms, installment plans, and the procedure for obtaining loans under the scheme.
As soon as the KP government announces and initiates this scheme, I will share information with the youth.
