The Khyber Pakhtunkhwa government has opened a door of incredible opportunity for young entrepreneurs and aspiring business owners. The Insaf Rozgar scheme offers eligible individuals a concessional loan of up to Rs.10 Lakh, providing the financial boost needed to turn their entrepreneurial dreams into reality.
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KPK Insaf Rozgar Scheme Online Registration | 10 Lakh Loan For Business In KPK
Table Of Contents
Eligibility Criteria
Let’s understand who can take advantage of the Insaf Rozgar Scheme and who does not qualify:
Excluded From Eligibility
- Those holding permanent positions in government or semi-government institutions.
- Regular students actively pursue their education.
- Individuals with previous loans from any scheme and pending repayments.
- Beneficiaries of ongoing loan or scholarship programs from other schemes.
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Loan Sizes Under The Insaf Rozgar Scheme
The loan size is tailored to an individual’s qualifications and the strength of their business plan:
Professionally Educated And Skilled
Borrowers can avail a maximum loan of Rs. 1.0 million, contingent on the approval of their business plan.
Skilled (Informal/ Semi-informal) Individuals
Eligible for a loan of up to Rs. 0.5 million, based on the feasibility of their business plan.
Women
- Skilled women entrepreneurs can access a loan of up to Rs. 1.0 million, subject to their business plan’s viability.
- General/Informal women entrepreneurs may receive a maximum loan of Rs. 0.3 million, depending on their business’s feasibility.
Others
Loan amounts ranging from Rs. 50,000 to Rs. 300,000 are available to other eligible individuals.
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Loan Repayment
The Insaf Rozgar Scheme introduces a flexible repayment structure, particularly beneficial for new businesses:
- Borrowers are granted a grace period of 3 months before beginning loan repayment.
- The repayment period spans up to 3 years, offering a manageable plan for borrowers to return the funds.
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FAQs | Insaf Rozgar Scheme
What is the maximum loan amount offered under the KPK Insaf Rozgar Scheme?
The scheme provides eligible individuals with a concessional loan of up to Rs. 10 lakh to support their entrepreneurial endeavors.
Who is not eligible to apply for the Insaf Rozgar Scheme in KPK?
The following individuals are not eligible:
Those holding permanent government or semi-government positions.
Regular students currently pursuing education.
Individuals with existing loans from any scheme and outstanding repayments.
Beneficiaries of ongoing loan or scholarship programs from other schemes.
What loan options are offered to women entrepreneurs under the Insaf Rozgar Scheme?
Women entrepreneurs have two options:
Skilled women can access a maximum loan of Rs. 1.0 million, subject to their business plan’s viability.
General/informal women entrepreneurs may receive a maximum loan of Rs. 0.3 million, depending on their business’s feasibility.
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