Ehsaas Interest Free Loan Program New Update 2023-24

Ehsaas Interest-Free Loan 2023-24 Application Process

Ehsaas Interest Free LoanTo enroll in the Ehsaas interest-free loan program for 2023, you have the option to submit a written application or make an oral request. The verification of your poverty level will be done using the scorecard assessment. Your application to participate as a borrower is now fully concluded. Following this initial formal information, you will be provided with both the application form and the business plan form. It is vital that you include all necessary documents when submitting your application during the final and crucial stage.

Empowering the Youth: Government-backed Loans

The Government of Pakistan is extending loans ranging from 500,000 to 1,000,000 PKR to support the younger generation. Ehsaas Interest Free Loan these loans are intended to facilitate the establishment of individual businesses, with repayment structured to ensure ease. Partnered banks have been designated to facilitate the disbursement of these loans, enabling interested individuals to secure financing through established financial institutions.

Apply Today Latest Update on Ehsaas Interest-Free Loan Program

An initiative to rejuvenate the Prime Minister’s loan scheme has been enacted. Under the latest update, loans will now be disbursed within 45 days. Ehsaas Interest Free Loan notably, loans up to 500,000 PKR will carry zero interest. Loans exceeding this amount, such as 1,500,000 PKR, will have a 5% interest rate, while loans of 7,500,000 PKR will have a 7% interest rate. The eligibility verdict for this loan scheme will be promptly communicated online.

Ehsaas Interest-Free Loan for 2023

Enabling Progress: Online Registration for Ehsaas Interest-Free Loan of 75,000 PKR in 2023

Empowering Micro-Businesses: Interest-Free Loans through Ehsaas Trust

Collaborative Funding: Federal and Provincial Support

Funding Injection: A substantial 5 billion PKR was allocated in the 2019-20 fiscal year by the federal government

Easily Accessible: Online Application for Ehsaas Loan of 75,000 PKR (Average Loan Size: 300,000 PKR)

Support Ecosystem: Business advisory services and connections with MFIs, MFBs, and banks

Eligibility Criteria:

  • Age range: 18 to 60 years
  • Individuals from households with a Poverty Score Card ranking between 0 and 40
  • Valid National Identity Card (CNIC)
  • Residency in the targeted union council of the respective district
  • A viable business plan demonstrating economic feasibility

Approval Procedure for Ehsaas Loan Program 2023:

  1. Scrutiny by the Ehsaas Registration Center
  2. Endorsement by the Ehsaas Registration Center
  3. Submission of individual cases to the central office of the PO
  4. Ehsaas Interest-Free Loan: Apply Online

Implementation Partners: A network of 22 Partner Organizations (POs) under the Pakistan Poverty Alleviation Fund (PPAF) for rural areas, alongside Akhuwat branch offices in urban centers. Loan centers spanning 100 districts across the nation facilitate the program.

Application Process with PPAF Loan Form:

  1. Application requests made at the loan center (verbal or written)
  2. Assessment of Poverty Score Card Authenticity
  3. Enrollment as a prospective borrower
  4. Issuance of application and business plan forms
  5. Submission of comprehensive documentation by the applicant

Empowering Entrepreneurs through Ehsaas Program

Ehsaas Program recognizes and endorses promising individuals capable of entrepreneurship, granting substantial Ehsaas Interest-Free Loan to enable their contributions to Pakistan’s economic growth.

BISP Basic Information Required

Contact  Number0800-26477, 051-9246326
Address Benazir Income Support Program, Block F, Pak Secretariat, Islamabad, Pakistan
Registration Document RequiredCNIC, B-Forms, Mobile No, Gas/Electricity Bill, Home Rent Agreement if Available.