Last Updated on: 28th September 2024, 09:57 am
Among the various social protection initiatives of Pakistan, the Ehsaas Qarz-e-Hasna Scheme 2024 stands out as it aims to support financial independence and entrepreneurship among the disadvantaged. Launched in 2019 as part of the broader Ehsaas Program, this initiative aims to help people, especially women and youth, break out of poverty and build sustainable livelihoods.
Ehsaas Qarz-e-Hasna Scheme
This article examines the workings of the Ehsaas Qar-e-Hasna Programme, traces its journey from its inception to its impact, and sheds light on its potential to redefine Pakistan’s economic empowerment.
Aim and Objectives of the Programme
The Ehsaas Qarz-e-Hasna Scheme aims to promote financial independence and encourage entrepreneurship among the marginalised sections of Pakistani society. The programme offers interest-free microloans ranging from PKR 5,000 to PKR 50,000, providing vital support to those who want to turn their business dreams into reality. Whether starting a small business, venturing into agriculture or investing in vocational skills, the programme enables beneficiaries to explore various entrepreneurial avenues.
Also Read: Breaking News: Caretaker Government Again Starts Ehsaas Program
Targeted Intervention
Aware of the disproportionate impact of poverty on certain segments of the population, the Ehsaas Qarz-e-Hasna Scheme focuses its outreach on these groups. Women, who have historically been marginalised, constitute an important part of the beneficiaries, enabling them to break free from financial dependence and become catalysts for change in their homes and communities.
Similarly, young people with great potential but often lacking access to resources are given priority, paving the way for their integration into the national economic fabric. In addition, geographically disadvantaged and underdeveloped areas receive special attention to ensure inclusive and equitable distribution of benefits.
Also Read: 8171 Nawaz Sharif Ehsaas Program 23000 Apply Online June Update
Comprehensive support and training components
Although financial support forms the foundation of the Ehsaas Qarz-e-Hasna program, its impact goes far beyond simply disbursing loans. The program recognizes the need for comprehensive support and includes essential educational elements.
Business development workshops, financial literacy training, and skills development programs equip beneficiaries with the knowledge and skills to overcome the challenges of entrepreneurship. In addition, market linkages and access to technology further increase your chances of success and ensure not only the survival but also the prosperity of your business.
Latest Updates on Ehsaas Qarz-e-Hasna
A key aspect of the program is that the loans are interest-free, making them accessible even to people who may have difficulty repaying conventional loans. Borrowers are expected to repay the principal amount within a set period, which generally ranges from 12 to 36 months.
Also Read: Nawaz Sharif 25000 Ehsaas Program Online Registration New Update
Impact on People’s Life
The successes of the Ehsaas Qarz-e-Hasna program demonstrate its transformative impact. In Karachi, Fatima, a single mother, used her loan to start a tailoring business to support her family and employ two other wives. In rural Punjab, young Ahmed turned his passion for beekeeping into a thriving honey business that not only generated income but also jobs for his village community.
New Update
- Very Rare Information: The announcement itself provides few details about the ‘Ehsaas Amdan Program 2024’. More information is needed to understand the nature of the news.
- Clarity Needed: Linking the ‘Ehsaas Amdan Programme’ to BISP without further clarification can be misleading. BISP is an established Programme and it is not clear how ‘Ehsaas Amdan’ relates to it.
Final Words
The Ehsaas Qarz-e-Hasna Scheme 2024 is an example of Pakistan’s commitment to uplifting its marginalised communities and promoting inclusive economic growth. By providing interest-free microcredit and comprehensive support services, the program has the potential to empower people, transform communities, and pave the way to a better future.
Muhammad Siddique Ali Ansari is a distinguished authority in the field of social welfare and poverty alleviation, specializing in Pakistan’s Ehsaas program and the Benazir Income Support Program (BISP). With a wealth of experience spanning over 5 years, Muhammad Siddique Ali Ansari’s work combines rigorous research with practical implementation, providing invaluable insights into effective poverty reduction strategies. A sought-after speaker and trusted advisor to policymakers, she is dedicated to creating a more equitable society. Follow her on LinkedIn and Twitter for the latest updates on her impactful contributions to social welfare.
