Ehsaas Interest Free Loan 2023-24 احساس بلاسود قرض or Bila Sood Qarza program is an initiative of Prime Minister Imran Khan under the Ehsaas Program 8171 for those people who are living below the poverty line. This Interest-free loan is for those people who have a dream of their own business. This Ehsaas Ehsaas Interest Free loan 2023-24 – احساس بلاسود قرض has been announced by the Government of Pakistan and the Ministry of Poverty Alleviation to help people overcome poverty through Ehsaas Kafalat.
Ehsaas Interest Free loan 2023-24 – احساس بلاسود قرض Eligibility
This Ehsaas Free loan 2023-24 احساس بلاسود قرض is for those people who are living a life of scarcity and for low-income families who have a dream to overcome poverty and want to do their own business. This Ehsaas Loan has equal distribution among men and women. It means 50% of funds are allocated to women. The funds are distribute from 1100 loan centers across the country and each month 80,000 interest-free loans will be distribute among people.
Ehsaas loan and Akhuwat
Akhuwat is a nonprofit organization founded by Dr. Amjad Saqib a philanthropist and social worker in 2001. Akhuwat Foundation used to give interest-free loans to underprivileged members of society to overcome poverty and it mainly financed micro-businesses with one of the highest return rates. When the Ehsaas Program 8171 started Prime Minister Imran Khan and Dr. Amjab Saqib held a meeting and they both had an agreement with the Akhuwat Foundation which is also a partner of the Ehsaas Interest Free loan 2023-24 – احساس بلاسود قرض Program. The main reason behind their agreement as Akhuwat has proven a model for financing small businesses.
Eligibility Criteria for Ehsaas Bila Sood Qarz 2023
- Candidate Age lying between 18 to 60 years.
- Candidate living under the poverty line.
- Have a valid National Identity Card.
- Must have a business Plan.
Ehsaas Interest Free loan 2023-24 Apply
To apply for an Ehsaas Interest Free loan we can visit any of the Ehsaas Loan Center and other partner offices opened under Pakistan Poverty Alleviation (PPAF). You can also visit the PPAF website by clicking on https://www.ppaf.org.pk/. The Federal Government of Pakistan has allocated 5 billion rupees for Ehsaas Interest free loan. Each month 40,000 loans will be distribute among women and another 40,000 will be among men. The loan amount is ranging between 10,000 to 75,000 rupees. A total of 80,000 loans each month will be distribute. We can also track Ehsaas Interest Free Loan 2023-24 احساس بلاسود قرض application on Ehsaas Tracking.
Ehsaas Interest Free loan from Bank
Many banks in Pakistan are providing Interest-Free loans under the Ehsaas Program. Ehsaas Interest free loan 2023-24 احساس بلاسود قرض can be availed by any microfinance and selected bank under the poverty alleviation program. The main reason to include the banking sector in this program is for those individuals who do not know about traditional banking. This initiative will encourage them. The government also announced the Benazir Social Protection Account for its beneficiaries so that they will receive their cash money of 12000 Rs in their banks.
Ehsaas Interest Free Loan Online Check 2023-24
- Send an SMS at 8171.
- Write the beneficiary CNIC and send it to 8171.
- After a few hours, they will let you know about your eligibility.
To become eligible for Ehsaas Interest Free loan 2023-24 – احساس بلاسود قرض we have to meet certain criteria and provide supporting documents required to submit your application. Banks then review your application and check your eligibility based on standards set by the Government. After your application is processed if you are eligible you can get money in installments and banks are responsible for collecting Ehsaas loan money from you.
Application for Ehsaas Interest Free Loan 2023-24 Banks
- National Bank of Pakistan (NBP)
- First Women Bank Limited
- Khushhali Microfinance Bank
- SME Bank Limited
- The Bank of Punjab
- Zarai Taraqiati Bank Limited (ZTBL)
- Habib Metropolitan Bank
- United Bank Limited (UBL)
- MCB Bank Limited
- Faysal Bank Limited
Ehsaas Loan Application Process 2023-24
- Request a loan at the center.
- Verification of poverty scorecard.
- Registration as a potential borrow.
- Issuing of application form and business plan form.
- Submission of complete documents.
Distribution of Loan
After your documents and business plan are reviewed deeply you are notified by Ehsaas Loan centers or banks to collect your Ehsaas Interest Free loan 2023-24 – احساس بلاسود قرض.