Chief Minister Khyber Pakhtunkhwa Mahmood Khan will inaugurate the ‘Insaaf Rozgar Scheme’ on April 15 to help end unemployment and poverty in the terrorism affected areas of the province. Under this scheme, the skilled and degree holding unemployed people in the age group of 18 to 50 years would get interest free loans from Rs 50,000 to Rs 1 million.
Technical handed people would get Rs 50,000 to Rs 500,000 whereas others would get Rs 50,000 to Rs 300,000. All the individuals who are either jobless or need assistance in their business expansion are eligible for the loan to pursue the workable and achievable goals.
KPK Insaf Rozgar Scheme 2021 Application Form Eligibility Criteria
Eligibility for the Scheme:
- Applicant must be permanent resident of newly merged district including erstwhile Frontier Regions of Khyber Pakhtunkhwa.
- Age Limit 18-50 years.
- Applicant shall be resident on the provided address for the last two years.
- All the individuals who are either jobless or need assistance in their business expansion are eligible for the loan to pursue the workable and achievable goals.
- The applicants should neither be a servant of any government or semi government organization nor receiving education as regular student in any educational institution.
- The applicant should not be a defaulter or has remained defaulter of any Bank/Financial Institution.
- Applicant has not received any loan from any Govt. Scheme previously.
- Application will be dealt on First Come First Serve Basis.
Professional and degree holder:
- 50,000 to 1000,000
- 50,000 to 500,000
Other unemployed wishing to start or expand the present business:
- 50,000 to 300,000
- Maximum 3 years.
- 2 persons are required as guarantor.
Criteria of Guarantor:
- Minimum 1 guarantor should be permanent employee of Federal/Provincial Govt.
- People of professional repute like Doctor, Engineers, Principals/Vice Principals.
- Members of Chamber of Commerce and Commercial Associations.
- Guarantor should not be from any Bank, Financial Institution.
- No Guarantor can guarantee more than 2 loans.