Ehsaas Loan Program: Interest Free Loan Pakistan Poverty Alleviation Fund

Have you any interest in getting an interest free loan? Then Learn Here….

Government of Pakistan Cabinet Secretariat have been initiated the Ehsaas Loan Program which is based on interest free loan named as Pakistan Poverty Alleviation Fund (PPAF). Interest Free Loan Programme an integral component of National Poverty Graduation Initiative (NPGI). Prime Minister Mr. Imran Khan giving away Cheque to beneficiary of the Ehsaas Interest-Free Loans Scheme under National Poverty Graduation.

Details about NPGI Programme http://www.ppaf.org .pk/doc/Ehsaas_ Briefing_Note-ENG.pdf

1. Salient Features of Interest Free Loan Programme

Interest Free loans for income generating micro-enterprises

Funding through Federal & Provincial Governments

Allocation of Rs. 5 billion additional funds for FY 2019-20 by Federal Government

Loan size up to Rs. 75,000 (Average Loan size: Rs.30,0000)

50% loans for women

Financial inclusion & mainstreaming of marginalized segments of society especially skilled youth, women, persons with special abilities, transgender people, BISP, Zakat & Baitul Mal benefciaries

Business advisory services and linkages with MFIs, MFBs & Banks

Disbursement of 80, 000 loans every month through 1110 loan centers of PPAF Partners, including Akhuwat Organizations (POs) across the country.

Monthly Up-To-Date about Loan Programme http://www.ppaf.org. pk/doc/ MPROctober English2019.pdf

2. Eligibility Criteria of Borrowers

Age been 18 to 60 years

Individuals from households on Score of 0-40 on Poverty Score Card

Valid National Identity Card (CNIC)

Resident of targeted union council of the district

Economically viable business plan

3. Where to Apply for Interest Free Loans

The interest Free Loan Programme is being implemented through twenty two (22) Partner Organizations (POs) of Pakistan Poverty Alleviation (PPAF) in rural areas and Akhuwat branch offices in cities & towns through loan centers in 100 districts across the country. The information for districts, loan centers, names of implementing Partner Organizations (POs) and eligibility criteria for potential borrowers is provided at; http://www.ppaf.org .pk/NPGI.html

4. Application Process

Request at loan center (written or oral)

Verification of Poverty Score Card

Registration as a potential borrower

Issuing of application form and business plan form

Submission of complete documents by the applicant

5. Preparation of Business Plan

Collect basic information about the business which is being initiated

Reasons for business

Targets of production and sale

Marketing strategy

Business expenses

Cost estimation for the proposed business

Financial resources

Estimation of profit

6. Beneficiary Appraisal Process

Social Appraisal

Economic Appraisal

7. Approval Process for Loan

Review by Loan Center

Recommendation by Loan Center

Submission of recommended cases to PO head once

8. Disbursement to Beneficiary

Approval of recommended cases

Issuance of order cheques carrying names and CNIC of the borrowers or issuance of PIN number against electronic transfer that is verified by bank through original CNIC

Disbursement at Loan Center

Search Your Loan Center http://www.ppaf.org. pk/ searchloancenter.html

Ehsaas Loan Program: Interest Free Loan Pakistan Poverty Alleviation Fund

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