The Ehsaas Program has launched an interest-free loan initiative to help low-income families in Pakistan start their own businesses and improve their financial situation. the Ehsaas Program has initiatedinterest free loan. The purpose of this program is to assist you with financial aid in case you are buried under debt or resources. Ehsaas Program — Interest-free loans for poor By offering interest-free loans, the Ehsaas program intends to give a new life and hope with dignity.
Loan Details | Eligibility Criteria |
Loan Amount: Up to 75 lakhs | Age: 18 to 60 years |
Interest Rate: 0% up to 5 lakhs | Poverty score: <40% |
Loan Tenure: Flexible | Pakistani Nationality |
Application: In-person only | Viable business plan |
Overview of the Ehsaas Interest-Free Loan Program
Under the Ehsaas Program, introduction of the interest-free loan program is a good step towards poverty reduction in Pakistan. It gives a loan to offer interest less amount up-to 5 lakhs and provides loans upto of 75 lakhs. This initiative is a boon for people who intend to setup or expand an existing small business but do not have the requisite money. Help constituents achieve financial independence and keep money flowing to the treasury.
How to Apply for the Ehsaas Loan Program New Method
Applying for Ehsaas Loan Program in Pakistan requires you to visit the nearest office of an Ehsaas program. You cannot apply for Ontario Drug benefit online since capturing an honest assessment of everyone´s financial picture takes a little work. When you go to office,They will take an application form from you and then get your documents along with CNIC copy,business plan details. Your application will be accepted and reviewed by the authorities, who if find you eligible enough to get a loan would inform that your Loan has been sanctioned.
Eligibility Criteria for the Ehsaas Loan Program
Get cash help for micro equivalent by Ehsaas Loan Program wage 2021 and all the contenders who are full fill basic neediness boundilities can apply or enroll your self to get insiginificance loan in Pakistan online registration. Whoa you have to a Pakistani National from the age 18–60. Poverty score of less than 40% and a feasible business plan. Further, you should have a monthly income that is not overblown to get the financial help. This involves meeting the necessary criteria for getting a loan under this program.
Benefits of the Ehsaas Interest-Free Loan Program
Most importantly, the best thing about the Ehsaas Interest-Free Loan Program is that it provides financial aid to these individuals without any interest and unlike in case of beneficiaries low-income families. This in turn helps small business owners grow their businesses and not worry about going into debt. This also allows for flexible repayment terms, which in turn ensures re-payments will be affordable over time allowing both businesses to grow and payments to recouped.
Conclusion
Without a doubt, The Ehsaas Interest-Free Loan Program is one of the most important initiatives to provide required financial assistance for Pakistan’s lower-income families. This program can assist you in your business objectives and to uplift the quality of life by availing loans up to 75 lakhs without any interest on first 5 lakhs. So if you qualify for this program then it is highly advisable to apply and get benefits in your financial problems.
Also Read: Apply for KPK Solar Scheme Before the Deadline: Complete Details
FAQs
Then who can apply for the Ehsaas Interest-Free Loan Program now?
Funding: Citizen of Pakistan 18 to 60 years with poverty score less than or equal to 40, having a viable business plan
Can I apply for the Ehsaas Loan Program online now?
Applications cannot be submitted online rather you have to visit the nearest Ehsaas program office. Applications submitted via online will not be accepted.
What is the current maximum loan amount that can be obtained under this program?
The programme provides loans up to 75 lakhs, free of interest for amounts below Rs 5 lakh.
2024 If I want to take out another loan but am denied, what should we do?
If you are unable to get an approval, Contact with Ehsaas program office for guidanc e and remarks on your application so, you can submit when the next round is open.