Ehsaas Loan Program 2024 Exciting Update: Online Registration
Embark on a journey of financial empowerment with the unveiling of the dynamic Ehsaas Loan Program 2024 by the Government of Pakistan under the visionary leadership of Prime Minister Shahbaz Sharif. This groundbreaking initiative, popularly known as Bila Sood Qarz, is part of the comprehensive Ehsaas framework aimed at extending interest-free loans to disadvantaged students and marginalized communities, akin to the renowned Ehsaas Scholarship Program.
For more updates, visit 8171EhsaasBISP.pk
Overview of Ehsaas Loan Program 2024
Are you a student in need of financial support, an unemployed individual striving to make ends meet, or a woman pursuing financial independence? The Ehsaas Loan is tailored to cater to your specific requirements. Launched in March 2020 as part of the extensive Ehsaas initiative led by Prime Minister Imran Khan, this program offers interest-free loans to eligible applicants.
Eligibility and Registration Process for Ehsaas Loan Program 2024
- Individuals earning below 40,000 PKR per month
- Specially-abled persons
- Transgender individuals
- Deserving students
- Startups
Application Procedure for Ehsaas Loan
The federal government has allocated a substantial budget of 5 billion PKR to disburse interest-free loans under the Ehsaas Loan Program. Partnered with 22 organizations operating nationwide, the program ensures efficient loan distribution through various channels:
- Ehsaas Loan APP: User-friendly digital platform for registration
- Official Website: Visit PPAF website to access the registration form
- Ehsaas Loan Center: Direct support at dedicated loan centers
- 8171 Web Portal: Register through the 8171 web portal
Partnerships and Collaborations with the Ehsaas Loan Program
The Ehsaas have set up 1,100 loan centers nationwide in collaboration with esteemed organizations like Pakistan Poverty Alleviation Fund (PPAF) and Akhuwat. Notable partner organizations include:
- Akhuwat Foundation (AF)
- National Rural Support Program (NRSP)
- Punjab Rural Support Program (PRSP)
- Thardeep Rural Development Program (TRDP)
Banks Partnering with Ehsaas Loan Program
The Loan Program collaborates with leading financial institutions such as the National Bank of Pakistan (NBP), Khushhali Microfinance Bank, and United Bank Limited (UBL), among others. Noteworthy collaborating banks include:
- National Bank of Pakistan (NBP)
- First Women Bank Limited
- Khushhali Microfinance Bank
Conclusion
The Ehsaas Loan Program 2024 emerges as a beacon of hope by offering interest-free loans ranging from 75,000 PKR to 500,000 PKR, fostering economic upliftment for students and underprivileged citizens of Pakistan. This initiative opens doors for individuals to start businesses, enhance their livelihoods, and break free from the shackles of poverty. Applicants can access the nearest loan centers or register online through the Pakistan Poverty Alleviation Fund website, marking a transformative step towards progress.
FAQs
What is the Ehsaas Loan 2024?
The Ehsaas Loan Program 2024 is a government-led initiative offering interest-free loans to students, unemployed individuals, and marginalized communities.
Who is eligible for the Ehsaas Loan Program?
Eligible candidates include those earning below 40,000 PKR, specially-abled persons, transgender individuals, and students with a poverty score between 0-40.
How can I apply for the Ehsaas Loan?
Applicants can apply through the Ehsaas Loan APP, the PPAF website, the nearest loan center, or the 8171 web portal by providing their CNIC number.
Are there any provisions for female applicants?
Yes, 50% of the loans are reserved for female applicants to promote gender equality.
Which organizations and banks are partnering with the Ehsaas Loan Program?
The program collaborates with organizations like the Pakistan Poverty Alleviation Fund (PPAF) and various banks including the National Bank of Pakistan, Khushhali Microfinance Bank, and United Bank Limited.