In order to provide employment opportunities to skilled youth and reduce poverty and promote income generating economic activities in the province, Khyber Pakhtunkhwa Hunermand Rozgar Scheme was initiated.
Under this scheme loan in the range of 50,000 to 300,000 rupees is being granted to diploma/certificate-holders from vocational or skill development centers at very soft terms of 5 per cent markup only. The loan facility shall be available for business activity in the fields of marble, gemstones, minerals, handicrafts, automobile repairing, plumbing, electrician, furniture, light engineering, garments, embroidery, hair dressing and beauty salons, leather products, information technology and all such subjects leading to economic stabilization.
hirty per cent of the funds shall be reserved for females. The programme is being executed through The Bank of Khyber and coordinated by the Directorate of Technical Education and SMEDA. An amount of Rs. 1,300 million has been allocated for the purpose. The scheme will continue in the current fiscal year.