Insaaf Rozgar Scheme Phase-II Interest Free has been launched by the Khyber Pakhtunkhawa Government. The eligible candidates get the loan through the Bank of Khyber. The details are as under:
Insaaf Rozgar Scheme Phase-II (Interest Free)
The KPK Government starts the second phase of the Insaaf Rozgar Scheme. Through this scheme, the government of Khyber Pakhtunkhwa shall provide an interest-free loan of 70 Crore. These interest-free loans shall be provided to the young people of merged districts of KPK.
Loan Limit:-
Through this Insaaf Rozgar Scheme, the KPK Government shall provide a loan of 50,000 to 1 Million.
Payment of Loan:-
The person who takes a loan can easily pay in installments. The installment duration will consist of 3 Years.
Lateral Personal Guarantee:-
No personal Guarantee is required.
Purpose of the Loan:-
The main purpose of the Insaaf Rozegar Scheme is to Help the young people of KPK start their own businesses who are unemployed. This will also play an important role in making the economy of Pakistan stable.
Eligibility Criteria
The permanent citizens of Merged districts of KPK.
The Male/Female and Transgenders of age 18 to 50 years.
How to Apply and Last Date:-
To apply get the application form from the website or Bank of Khyber.
The Address of the website of the Bank of Khyber is: www.bok.com.pk
The candidates can also get the application forms from the elected branches of the Bank of Khyber.
Last Date for Applying:-
The last date to apply for the scheme is 31 January 2023.
Other Loan Programs in KP
The Khyber Pakhtunkhawa has already issued an interest free loan scheme 2022-23 for KPK Government employees. These are good steps of the Government of Khyber Pakhtunkhawa to eliminate poverty in the province. The youth and unemployed people of the KP province can make the best use of this money and earn a reasonable profit for their families.
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