PESHAWAR: Encouraged by the success of the Insaf Rozgar Scheme (IRS) in the merged tribal districts of Khyber Pakhtunkhwa earlier this year, the government has decided to follow suit for the rest of province.
In a meeting of the provincial cabinet, it was determined that the provincial government would launch a Rs2 billion interest-free loan initiative, which will be similar to the programme debuted in the merged areas.
The scheme included various special initiatives between 2011 and 2013, including Bacha Khan Khpal Rozgar Scheme, Pakhtunkhwa Hunarmand Rozgar scheme and Riwayati Hunarmand Scheme, which are being executed by the Bank of Khyber.
The amount of Rs2 billion is reportedly left over from the Khud Khalafat Scheme, and would be utilised by the tourism and youth affairs department to fund a start-up programme for talented youth, while the remaining amount would be at the disposal of the industries department for future job creation initiatives.
Individual loans are expected to range from Rs50,000 to Rs500,000 with a repayment period of 33 months and a grace period of three months.
According to available details, permanent residents of Khyber Pakhtunkhwa aged between 18 and 50 years with a credible and practical business plans for start-ups or existing setups and a clean credit history will be eligible for loans.
For more news and blogs, visit Graana.com.
Islamabad: The chairman of the Capital Development Authority (CDA) and Chief Commissioner Islamabad, Muhammad Ali…
Peshawar: The Khyber Pakhtunkhwa government is exploring plans to construct a 31-kilometre outer ring road…
Islamabad: The National Highway Authority (NHA) has spent more than half of its development budget…
Karachi: A high-level meeting chaired by Sindh Minister for Local Government Syed Nasir Hussain Shah…
Riyadh: Saudi Real Estate Co. (Al Akaria) has signed a long-term lease agreement with Amsa…
Rawalpindi: The divisional administration has begun acquiring land for the Rs5 billion Thalian Interchange, a…
Welcome to Graana Blog - Pakistan’s Smartest Property Portal!
For more than a decade our intention has been to revolutionise the real estate industry in Pakistan. The same belief drove the vision of our real estate team, Graana where quality beats quantity.
We have introduced an extremely transparent and purposeful portal where we will help you buy, rent or sell your property. A place where you can sit back relax and let us market your projects and listings. We believe we have set new standards for the future of real estate in Pakistan by providing the smartest property portal.
