Here find the Prime Minister Qarz E Hasna Scheme 2023 Registration Online and how to apply online, last date. The Prime minister of Pakistan launches the “Prime Minister’s Youth Program” for the youngsters of this country. This youth program will help poor and talented students to earn good opportunities for employment, acquire skills needed for the job, job training, and use computers. This youth program will ultimately lead to the development of the economy of Pakistan.
Our youth cannot play a vital role in the economical progress of Pakistan due to a lack of opportunities and financial shortage, therefore the Prime minister’s youth program is an initial step toward the development of Pakistan.
Prime Minister Qarz E Hasna Scheme 2023
The Prime minister has announced six welfare schemes for youth. The program comprises six schemes named Micro Interest-Free Loans Scheme, Small Business Loans Scheme, Youth Training Scheme, Youth Skill Development Scheme, Fee Assistance Scheme, and PM’s Scheme for Laptops Provision.
Qarase E Hasana Scheme ‘Micro Interest-Free Loans’ is especially focused on the financially weak segments of society. Under it, a total of Rs3.5 billion would allocate this financial year which would benefit about 250,000 people. The loans provided would be totally interest-free.
Vulnerable rural and urban poor people with a poverty score of up to 40 are eligible for the Prime minister’s Qarze Hasana program. In this program, 50% of loans will b given to women.
How To Apply and Forms with any Registration Process:
You can apply in PM’s Scheme for the Provision of Qarze Hasana as per the eligibility criteria mentioned above. The federal cabinet has already given approval to all these initiatives. All arrangements for the implementation of these programs have been completed. The Qarze Hasana program will be completed on a merit basis and transparent. Therefore only eligible candidates should apply for this program. The government of Pakistan will announce the registration procedure with application forms after 2019. Here on this page, you will soon be updated with the application process and registration forms will be available on this website.
Eligibility Forms Registration Details
|Brief description||Qarz-e-Hasana (microfinance) facility aimed at helping the industry raise the current access level of 2.5 million people to 5.0 million in the next 5 years.|
|Eligibility criteria||Vulnerable rural and urban poor with a poverty score of up to 40|
|Focus on women||50% of loans will go to women borrowers.|
|Geographical spread||All Pakistan, preferably limited and unserved areas.|
|Pricing||It is Qarz-e-Hasana and will not carry any markup.|
|Size and number of loans||250,000 loans of Rs.25,000 Average|
|Government Grant 2019||Rs.3.5 billion.|
|Executing agency||PPAF through enlisted partner organizations and community organizations has the necessary expertise and experience.|
|Recycling||Borrowers will be encouraged to return the loan which will go back to permanent funds available to the community for future lending. Fund will also educate the borrowers to convert from being “takers” to “givers” so that the fund will continue to grow.|
Further Updates and a Candidates list will be available here when it’s officially announced. Registration forms are also available here. You Can Check this site also for further details.