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KP to provide interest-free loans to govt employees

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News Stories Posted by ARY News Digital Team

PESHAWAR: The Khyber Pakhtunkhwa (KP) government has decided to provide interest-free loans to government employees, ARY News reported on Saturday.

As per details, the loan can be acquired by a government employee for purchasing of a house, car, motorcycle or bicycles.

The government employees from Grade 1 to 17, having a minimum service period of five years and a maximum of 10 years, will be eligible to apply for the loan.

Read More: Health professionals to be given interest-free loans: Dr Yasmeen

According to a circulation issued by the KP government, the employees serving in grade 18 and above can acquire a loan for the purchase of car only.

Read More: MoU signed for interest-free loans under Naya Pakistan Housing project

Loans ranging from Rs8000 to Rs250,000 would be given to government employees, reads the letter.

Special Assistant to Chief Minister Khyber Pakhtunkhwa Abdul Karim Wednesday said the provincial government would give interest-free loans to women entrepreneurs to promote their businesses.

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