CM Gandapur announces interest free loans for youth

PESHAWAR: In a major development aimed at ’empowering’ the youth of Khyber Pakhtunkhwa (KP), Chief Minister (CM) Ali Amin Gandapur announced three projects focused on employment generation.

The KP government finalised preparations for the launch of “Ehsaas Rozgar,” “Ehsaas Hunar,” and “Ehsaas Nojawan Rozgar” programs, all designed to provide financial assistance to young entrepreneurs and skilled workers.

Ali Amin Gandapur instructed relevant departments to expedite the finalisation of Memorandums of Understanding (MoUs) to ensure the swift implementation of these initiatives.

Under the “Ehsaas Nojawan Rozgar” scheme, soft loans of up to Rs10 million will be provided to eligible candidates, said CM Gandapur. Additionally, for starting new businesses or expanding existing ones, interest-free loans of up to Rs200,000 will be offered.

The “Ehsaas Hunar” program will grant interest-free loans of up to Rs500,000 to skilled youth, enabling them to start or expand their businesses, said he. In a related development, the Chief Minister also reviewed progress on the “Ehsaas Apna Ghar” program, which aims to provide interest-free loans of up to Rs1.5 million for the construction, expansion, or renovation of homes for deserving families.

This comprehensive approach reflects the government’s commitment to fostering economic growth and improving the living standards of the province’s youth and underprivileged families, said CM Gandapur.