Bank of Khyber & PTI Govt’s Insaf Rozgar Scheme 2020, Interest Free Loan Facility For Residents of FATA KPK
This is the interest free loan which is named as BOK Insaf Rozgar Scheme, here you know the details of this scheme. This is the loan which will be given to the people of FATA. We will give you the link from where you will get your form and will come to know about the eligibility details as well.
Objectives of BOK Insaf Rozgar Scheme 2020 – Interest Free Loans for Youth of FATA
This scheme is introduced so that socio and economic development situation of these regions can be improved. In order to combat poverty and to reduce the percentage of unemployment, this scheme is introduced for the people of FATA.
Target Groups of BOK Insaf Rozgar Scheme 2020
Talking about the target groups of this subjected scheme, if you belong to the sectors of dairy, livestock or belong to the fields of apicultre or aquaculture or you belong to the zones of horticulture and other off-farming businesses, then you can register yourself in this scheme. Moreover, if you are one of the movable fruit vendors, or maize cart vendors or vegetable cart vendors then they can also apply in this scheme. At the same time, if you are one of the beauticians or retailers or you are one of small scale traders, then this program is basically made and designed for you.
Eligibility Criteria for BOK Insaf Rozgar Scheme 2020
Moving to the eligibility details of this scheme, you have to be a permanent resident of Newly Merged Districts which belong to the zones of Khyber Pukhtunkhwa. And then you should have a valid CNIC document. The age limit to apply for this scheme, it is 18 to 30 years and you have to be the resident of any one of these regions for at least two years time frame. If you are one of the passed out candidates right from the skilled GoKP development programs or you are the passed out applicant with regard to its affiliated institutes, then you will get a favor.
Ineligibility Details for BOK Insaf Rozgar Scheme 2020
If you are not an employee of any of the autonomous body or you are not one of the employees of government organizations or any of the semi government organizations then you cannot register your form for this scheme. Your form will not get accepted if you are a regular student. If you have any of the outstanding loan exposure from any of the government side, do not apply for this scheme as your form will get cancelled.
Interest Free Loans Size Information for BOK Insaf Rozgar Scheme 2020
For the professionally skilled category, your loan amount will be maximum Rs. 1.0 M per client. Then for the informal and semi informal skilled applicants, the loan amount given to you, it will be Rs. 0.500 m per client. For women, they will get the loan amount of about Rs 1.00M and this is for skilled women. The rest of the categories will get Rs. 50,000/- up to Rs. 300,000/ loan amount.
Documents Required for BOK Insaf Rozgar Scheme 2020
Copy of valid CNIC of applicant and also of guarantor, two passport size photographs of applicant and also of the guarantors, attested copies of your degrees and skill certifications. You also have to attach the government guarantor salary slip. Then for post approval stage, you will attach the agreement of finance copy, personal guarantee and other related documents. Stay tuned for more news on BOK Insaf Rozgar Scheme for loan.
BOK Insaf Rozgar Scheme 2020, Loan For FATA, Form, Eligibility