Interest Free Loan

Interest Free Loan for Self-Employment in AJ&K through Akhuwat

1 Approved Cost Rs. 298.976 million
2 Date of Approval & Completion 28-02-2018, 28-02-2023
3 Project Objectives
  • Provision of interest free loans to approximately 1,31,655.
    1. Amount to be disbursed (Revolved) Rs.3949.650 million.
    2. Service charges @ 7% Rs. 276.476 million
    3. Bad debts @ 3% of total loan portfolio Rs. 22.500 million.
  • Self-employment.
  • Poverty alleviation.
  • Enhancing economic growth.
4 Project Duration 5 years extendable up to 10 years
5 Loan limit Up to Rs. 0.075 million.
6 Average loan size Rs. 0.030 million.
7 Interest rate to borrower 0% (Interest free).
8 Repayments period of loan Up to 3 years.
9 Target Group
  • Small scale entrepreneurs including agriculture and livestock.
  • Un-employed & skilled persons.
  • Un-skilled person to start up or expand business.