BIG NEWS: BISP Started Intrest Free Loan
The Ehsaas program has initiated an interest-free loan initiative. Debt has become a pervasive issue affecting many families today, particularly those within the impoverished class aspiring to launch their own businesses and secure funds.
If the shortage of resources is a concern, cease your worries and enroll in the Ehsaas Loan Program. Frequently, the economically disadvantaged segment of society requires financial assistance to kickstart their entrepreneurial endeavors. This program offers interest-free loans, contributing to both personal empowerment and the Pakistani government’s efforts to uplift communities.
BISP has launched a new interest-free loan initiative under the Ehsaas program, aiming to disburse over 80 thousand rupees in loans monthly. If you’re concerned about financial resources, there’s no need to fret. You can access the Ehsaas Loan Program Online Registration Form for 2024 on the official website.
While various organizations have introduced loan schemes to enhance financial resources in Pakistan, the Ehsaas loan program stands as the pioneer and sole provider of interest-free loans. This article will furnish comprehensive details on applying for the Ehsaas loan program, from the application process to receiving the entire sanctioned amount.
The BISP Free Loan Amount has been reinstated, offering loan amounts ranging from five lakhs to 75 lakhs. No interest will be charged on loans up to five lakhs, enabling utilization of economic and financial resources. As per the latest update, a new loan program is set to commence within 45 days.
For loans up to 5 lakhs, no interest will be incurred, except for loans up to 45 lakhs, which will bear a 5% interest rate. While loans up to 75 lakhs are available, registering in the Ehsaas loan scheme program will reduce the interest rate to 7%. For more information, individuals can visit the Ehsaas Loan Scheme website or find detailed instructions on this platform.
Eligibility criteria for the Ehsaas Interest-Free Loan Program include age between 18 to 60 years, a poverty score below 40, a Pakistani nationality ID card (NIC), district unit council residency, and a viable economic and financial business plan. Fulfilling all the aforementioned criteria is crucial for eligibility in the Saas loan scheme program. Stay tuned for online registration details and access to interest-free loans.
To apply for the Ehsaas Loan Program and secure an interest-free loan, follow these steps:
1. Visit your nearest Ehsaas program office and head to the central Benazir office of your district. Inform the agents there about your business plan.
2. Obtain an application form and complete it, ensuring all necessary information is accurately provided. Submit both the application form and the required documents.
Note: The Ehsaas Loan Scheme program caters specifically to individuals falling within the low-income bracket, who possess less than 40% of the basic scale required to fulfill their essential needs such as food, clothing, and shelter.
Online Application Process for the Ehsaas Loan Scheme Program:
Unfortunately, online applications are not facilitated within the Ehsaas program due to the comprehensive assessment of your economic and financial situation. To apply online, visit your nearest Benazir Income Support Program office. Submit your documents and loan form for verification. Following this, you’ll receive notification regarding your eligibility for the loan scheme.
This article highlights the essence of the Ehsaas Loan Scheme Program, outlining the procedure from registration to acquiring the loan. Detailed information on the entire process is provided. If you are keen on securing a loan, take the initiative to register promptly in the Ehsaas loan program.