Over view
A Government of Khyber Pakhtunkhwa and The Bank of Khyber initiative for the promotion and inculcation of entrepreneurship culture & employment generation through easy access to financial services for the youth having smart and viable ideas.
Particulars and Key Features
- Target Area: All Districts of Khyber Pakhtunkhwa including Merged Districts.
- Loan Types: Terms Loans (Demand Finance)
- Financing Limit: 1.0 million to 5.0 million per entity depending on the business potential and entity/applicants’ capabilities.
- Loan Tenor: Up to 08 years with a maximum grace period of up to 20 months. To be disbursed in tranches subject to successful completion of required formalities.
- Mark up: Mark up Free
- Legal Status: The entrepreneurs need to form a registered firm/Partnership with 03 to 05 individuals. All the partners/directors would be solely responsible for the utilization and recovery of loans.
- Debt to Equity Ratio: 90:10 (fixed assets/existing stock in use of business may be taken as equity). In the case of a new business, cash injection in the shape of a deposit in an account is required.
- Security Requirements:
- Personal guarantee of all partners of the firm.
- Corporate guarantee of the firm.
- Target Groups/Sectors: All sectors with a special focus on IT, Services, Retail Trading, Manufacturing, businesses in Enterprise clusters, and start-ups. Any other legal, viable, and feasible plan including:
- Education Sector
- Technology and AI Sector
- Healthcare & Biotechnology
- Agricultural-related off-farming businesses (value-chains)
- Skin Care Clinics including Fitness Gyms
- Media, Photography, and Entertainment
- Tourism, Hoteling, and Restaurants
- Green Energy Businesses
- Any other skill-based micro & small-scale enterprising idea or existing business with economic viability & sustainability potential
For Online apply: https://ehsaasnaujawan.bok.com.pk/INRS/Views/Other/INRS.aspx
Eligibility
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- A permanent resident of Khyber Pakhtunkhwa including Merged Districts.
- Having a valid Computerized National Identity Card
- Age Limit: 18-35.
- Potential startups having legal entity/ existing businesses entities having growth potential and business age less than two years.
- Potential beneficiary should have a do-able business idea relevant to the skills to start new business or extend their viable and sustainable enterprises.
- Potential beneficiary having verifiable, viable and feasible business plans.
- Female entrepreneurs are encouraged to apply.
- Graduates/ Skilled having clear business plan.
- Business must be located in Khyber Pakhtunkhwa
- Business shall be of legal entity.
- Clear e-CIB/ Data check. Clean repayment record indicated in e-CIB would be acceptable provided the debit burden does not increase the acceptable level to be ascertain by bank.
- Business should have a potential to generate further employment opportunities.
- The definition of SEs as prescribed in Prudential Regulations for SE Financing will be applicable for the purpose of this scheme.
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