The Khyber Pakhtunkhwa government has introduced an initiative known as the Insaf Rozgar Scheme Phase II, in association with the Bank of Khyber, to address unemployment among individuals in the region. This program aims to provide a significant opportunity to those currently facing unemployment challenges. Eligible applicants, irrespective of gender, can avail themselves of interest-free loans offered by the Khyber Bank. This financial assistance is designed to empower individuals in creating their sources of income. The scheme calls for interested candidates to thoroughly review the provided information and adhere to the application submission deadline. Specifically targeted at the tribal district, this initiative is part of the KPK government’s commitment to fostering economic growth and employment opportunities. Phase 2 of the Insaf Rozgar Scheme signifies the government’s dedication to supporting individuals in need by providing financial aid through the Bank of Khyber. So we are providing Khyber Bank Interest-Free Loan Scheme detail in this page.
We’re disseminating details regarding the Insaf Rozgar Scheme Phase II, an interest-free initiative from the Khyber Pakhtunkhwa government. Eligible candidates are now able to access loans through the Bank of Khyber. For comprehensive information, please refer to the following :
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Both male and female candidates are encouraged to thoroughly review all the information provided and ensure the submission of their applications before the specified deadline.
Khyber Bank Interest-Free Loan Scheme 2024
It’s noteworthy that the KPK administration has initiated the second phase of the Insaf Rozgar Scheme. Within this initiative, the Khyber Pakhtunkhwa government allocates an interest-free loan sum of 70 crores. Specifically targeted for the youth in the merged district, these interest-free loans aim to empower and support the aspiring individuals within this region.
Loan Limit
Under the Insaf Rozgar Scheme by the KPK Government, loans ranging from 50,000 to 10 lakhs will be extended to eligible individuals.
Payment of Loan
Borrowers are afforded the convenience of repaying the loan through manageable installments spread over a three-year period.
Lateral Personal Guarantee
Notably, there is no necessity for a personal guarantee, providing borrowers a streamlined path to access these loans without the need for additional personal assurances.
Purpose of the Loan
The primary aim of the Friends Insaf Employment Scheme is to empower the unemployed youth of KPK by enabling them to establish their own businesses. Additionally, this initiative is anticipated to significantly contribute to the economic stabilization of Pakistan.
Khyber Bank Interest-Free Loan Scheme 2024 KPK Insaf Rozgar Scheme Application Form Online Apply
Eligibility Criteria
Individuals eligible for this scheme include permanent residents of the merged districts of KPK, encompassing males, females, and transgender individuals within the age bracket of 18 to 50 years.
www.bok.com.pk Loan Scheme 2024
The Khyber Pakhtunkhwa government’s 2024 loan scheme, available at www.bok.com.pk, offers a vital opportunity for individuals seeking financial empowerment. This program aims to support residents in establishing their businesses or bolstering existing ones. With an accessible application process from the Bank of Khyber’s website, eligible candidates can conveniently apply or obtain forms from select bank branches. The initiative plays a significant role in aiding economic growth, fostering entrepreneurial spirit, and contributing to the overall progress of KPK. Explore this program for a chance to transform aspirations into tangible business endeavors.
Khyber Bank Interest-Free Loan Scheme 2023 Application Form
The Khyber Bank’s Interest-Free Loan Scheme 2023, aligned with KPK Insaf Rozgar Scheme, introduces a significant opportunity for aspiring entrepreneurs. This initiative, inclusive of an accessible application form, targets individuals eager to establish or expand businesses. It’s a pivotal step by the Khyber Pakhtunkhwa government to support the unemployed, offering loans through the Bank of Khyber. Ranging from 50,000 to 10 lakhs, these interest-free loans serve as a catalyst for economic growth and empowerment, fostering a climate conducive to innovation and entrepreneurship within the region. This initiative is a beacon of hope for those striving to transform their business aspirations into tangible realities.
How to Apply Online and Last Date
- Prospective candidates can access the application form via the official website or from the Bank of Khyber to initiate their application process.
- The Bank of Khyber’s website address is www.bok.com.pk.
- Additionally, interested individuals can obtain application forms from selected branches of the Bank of Khyber.
Deadline for KPK Insaf Rozgar Scheme:
- The closing date to submit applications for the scheme is on January 31, 2024.
Loan Initiatives in KP:
- Khyber Pakhtunkhwa has introduced an interest-free loan program for the 202-24 period, specifically catered to KPK government employees.
KPK Insaf Rozgar Scheme Second Phase II
- Applicants are encouraged to visit the official website for the opportunity to complete the application form. Click Here to access the form.
khyber bank loan Employment Scheme 2024
The core objective of the Friends Insaf Employment Scheme is to empower the employed youth in KPK to embark on their entrepreneurial ventures. This initiative holds transformative potential in alleviating the challenges faced by the people of KPK, offering a pathway towards self-sufficiency and economic empowerment. By nurturing young entrepreneurs, this program not only aims to create opportunities but also serves as a beacon of hope, potentially reshaping the landscape of the region by fostering innovation and self-reliance among its residents.
| Category | Loan | Admissible Mode of Installments | Eligibility |
|---|---|---|---|
| Bicycle Advance | Rs. 8,000/- | Rs. 200/- P.M. | BS-01 to BS-17 |
| Motorcycle Advance | Rs. 80,000/- | Rs. 1,340/- P.M. in 60 equal installments | BS-01 to BS-17 with 5 Years Minimum Service and 5 Years Remaining Service (Max Age 55). (No extension allowed in the return period, else interest imposed at GP Fund rate) |
| House Building Advance | Rs. 2,50,000/- | Rs. 2,080/- P.M. in 120 equal installments | BS-01 to BS-17 with 10 Years Minimum Service and 10 Years Remaining Service (Max Age 50). (No extension allowed in the return period, else interest imposed at GP Fund rate) |
| Motorcar Advance | Rs. 2,00,000/- | Rs. 3,334/- P.M. in 60 equal installments | BS-17 & Above with 5 Years Minimum Service and 5 Years Remaining Service (Max Age 55). (No extension allowed in the return period, else interest imposed at GP Fund rate) |
Contact US Head Office
- Head Office: 24 – The Mall, Peshawar Cantt, 25000 Khyber Pakhtunkhwa, Islamic Republic of Pakistan
- UAN: +92-91-111 95 95 95
- 24/7 Helpline: +92-21 111 265 265
- Website: https://www.bok.com.pk/