In a significant action aimed at enabling the youth of Khyber Pakhtunkhwa, Chief Minister CM Ameen Gandapur has declared three initiatives concentrated on job creation. The KP Government has completed arrangements to launch the Ehsaas Rozgaar, Ehsaas Hunar, and Ehsaas Nojawan Rozgaar programs, all of which are made to provide financial support to young entrepreneurs to assist the young business owners and skilled workers.
Ali Ameen Gandapur has instructed the concerned divisions to accelerate the completion of the Memorandums of Understanding to guarantee the swift execution of these initiatives. Under the Ehsaas Nojawan Rozgaar scheme, soft loans of up to Rs 10 million will be delivered to eligible candidates as per the CM Gandapur.
Furthermore, interest-free loans of up to Rs 200,000 will be provided for starting new businesses or widening the already existing ones. He claimed the Ehsaas Hunar program will deliver interest-free loans of up to Rs 500,000 to skilled youth, allowing them to start or grow their businesses.
In a relevant department, the CM also analyzed progress on the Ehsaas Apna Ghar program, which focuses on delivering interest-free loans of up to Rs 1.5 million for expanding, constructing, and renovating houses for the poor or deserving families. This comprehensive scheme highlights the government’s dedication to creating economic growth and improving the living standards of the province’s youth and underprivileged families, as claimed by CM Gandapur.
Ehsaas Rozgaar, Ehsaas Hunar, and Ehsaas Nojawan Rozgaar programs are anticipated to have various positive impacts.
- The first impact is it will create more jobs and employment through programs like Ehsaas Nojawan Rozgaar and Ehsaas Rozgaar will provide various employment opportunities massively and result in reducing unemployment rates in the country.
- Secondly, by offering interest-free loans and financial support to young entrepreneurs’ businessmen and skilled workers, these initiatives are expected to create a tradition of entrepreneurship, leading to the growth of medium-sized and small-sized enterprises throughout the province.
- Thirdly, Ehsaas Nojawan Rojgar’s main aim in providing loans to skilled youth is to enable them to improve their skills, leading to the nation’s more competent and productive workforce.
- Fourthly, the successful initiation and implementation of these programs will help in stimulating economic growth by motivating new businesses, and ventures, and expanding existing ones, which will help in contributing to the all-inclusive economic prosperity of the region.
- Fifthly, interest-free loans accessible for hosting an Ehsaas apna Ghar program for underprivileged families will help them to improve their living conditions, resulting in a better quality of life and social stability.
- Sixthly, these comprehensive schemes are expected to directly address poverty by delivering financial resources to those in need, assisting them in building sustainable livelihoods, and breaking the cycle of poverty.
- Seventhly, empowering the youth with opportunities and financial independence opportunities is expected to create a more motivated and proactive younger generation, driving progress and innovation in the region.
- The scheme is anticipated to contribute to greater social stability resulting in minimizing economic disparities. It guarantees that more of the masses have access to the resources required for a prosperous life.