(Bila Sood Qarza) Interest Free Loan Scheme in Pakistan 2023 complete method is available on this page. Here find the Prime Minister without Interest Free Loan Scheme in Pakistan 2023 Qarz E Hasna Scheme 2023 Registration Online and how to apply online, last date.
The Prime minister of Pakistan launches the “Prime Minister’s Youth Program” for the youngsters of this country. This youth program will help poor and talented students to earn good opportunities for employment, acquire skills needed for the job, job training, and use computers. This youth program will ultimately lead to the development of the economy of Pakistan.
Also Check: Ehsaastracking pass gov pk 2023 Program
Interest Free Loan Scheme in Pakistan 2023
:نمایاں خصوصیات اور اہلیت کا معیار
You can apply to PM’s Scheme for the Provision of Qarze Hasana as per the eligibility criteria mentioned above. The Interest Free Loan Scheme in Pakistan 2023 federal cabinet has already given approval to all these initiatives. All arrangements for the implementation of these programs have been completed.
The Qarze Hasana program will be completed on a merit basis and transparent. Therefore only eligible candidates should apply for this program. The Interest Free Loan Scheme in Pakistan 2023 government of Pakistan will announce the registration procedure with application forms after 2019. Here on this page, you will soon be updated with the application process and registration forms will be available on this website.
Kamyab Jawan program.gov.pk Online Registration
Before jumping into the Interest Free Loan Scheme in Pakistan 2023 Online Registration form read the loan payment details; there’re three categories of providing loans in the Bila Sood Qarza Scheme which are below;
- 3% markup in the range of 100,000 to 1 million PKR.
- 4% markup in the range of 1 Million to 10 Million PKR.
- 5% markup on the range of up to 25 Million PKR.
These loans will be given on the basis of money and the duration will be 8 Years. The procedure of your application will be done in 15 Days.
Prime Minister Interest-Free Loan Scheme 2023
Prime Minister Imran Khan has announced an interest-free loan of around 1 million to small business persons. Within a few days, they will announce the procedure for the application submission. When they will announce we will share it with the audience. Further Interest Free Loan Scheme in Pakistan 2023, is most beneficial for those people who want to start a business but due to lack of money, they do not start. When they will issue the application submission then we will share it with the audience.
Those aspirants whose poverty score is between 18.5 to 40 can apply for the interest-free loan scheme. Those aspirants having an 18.5 poverty score and who received loans under BISP can also apply. Preference for these loans will be given to the areas and districts where microfinance beneficiaries are as low as 12%. Loans will be provided without any gender discrimination. Almost 50% of loans will be provided to female borrowers under Prime Minister Interest-Free Loan Scheme. Mark up rate is 0% and candidates have 3 years’ time to return this loan.
Aspirants will be allowed to Prime Minister Interest-Free Loan Scheme Registration Form Free Download online form to apply for this scheme. Forms will also be available at the union councils of each district too. The Interest Free Loan Scheme in Pakistan 2023 maximum loan that a person can get under the PM interest-free loan scheme is 50,000 rupee. This scheme is working under the Pakistan Poverty Alleviation Fund and Prime Minister Youth Program. The last date to apply for this scheme has not been declared yet.
|Number of Loans||Will Announce Soon|
|Average loan||Will Announce Soon|
|No of District Covered||Will Announce Soon|
|No of the Union councils covered||Will Announce Soon|
|Brief description||Qarz-e-Hasana (microfinance) facility aimed at helping the industry raise the current access level of 2.5 million people to 5.0 million in the next 5 years.|
|Eligibility criteria||Vulnerable rural and urban poor with a poverty score of up to 40|
|Focus on women||50% of loans will go to women borrowers.|
|Geographical spread||All Pakistan, preferably limited and unserved areas.|
|Pricing||It is Qarz-e-Hasana and will not carry any markup.|
|Size and number of loans||250,000 loans of Rs.25,000 Average|
|Government Grant 2019||Rs.3.5 billion.|
|Executing agency||PPAF through enlisted partner organizations and community organizations has the necessary expertise and experience.|
|Recycling||Borrowers will be encouraged to return the loan which will go back to permanent funds available to the community for future lending. The fund will also educate the borrowers to convert from being “takers” to “givers” so that the fund will continue to grow.|
Registration Last Date of PM Bila Sood Qarza
Till now they have not announced the last date for application submission because everyone wants to take the loan and start a business. When they will release the advertisement then properly issue the last date of the application submission. Keep in touch with this page for the Interest Free Loan Scheme in Pakistan 2023 information about the last date.
You can take the complete information regarding Prime Minister Interest-Free Loan Scheme 2023 Registration Form is available. On the other hand, the department is working on this project under the supervision of the Prime Minister. In addition, they will launch this scheme in the Interest Free Loan Scheme in Pakistan 2023 month of August 2023. Unemployed people can take the benefits and complete their dream with the help of the government.
- Interest free Ehsaas trust loans for income generating micro-enterprises
- Funding through Federal & Provincial Governments
- Allocation of Rs. 5 billion in additional Funds for FY 2019-20 by the Federal Government
- Ehsaas Loan Program size upto Rs. 75,000 (Average Loan size; Rs. 30,0000)
- Business advisory services and linkages with MFIs, MFBs & Banks