Applications have been invited for Interest Free Loans for Government Employees 2023-24 KPK. The government of Khyber Pakhtunkhwa is accepting applications for the new loan scheme. The screen through the scheme the provincial government of KPK is providing the best opportunity for the workers working in public departments. These all employees can avail this opportunity to buy a new motor car house building motorcycle or cycle. There are a maximum of 40 to 120 monthly installments for different items. It is not mandatory for any applicant to pay a lump sum amount or cash at the time of buying an item. This scheme introduces 40 to 120 monthly installments for any item mentioned in the table. There will be a lucky draw for the final selection of applicants.
Interest Free Loans for Government Employees 2023-24 KPK
| Sr. No | Items for Debt | Basic Pay Scale | Maximum Amount of Debt | Monthly Deduction | No.of Monthly Instalments |
| 1. | Motor Car Advance | BPS-17 and above | Rs.200,000/- | Rs.3,334/-
|
60 |
| 2. | House Building Advance | BPS-01 to BPS-17 | Rs.250,000 | Rs.2,080/- | 120 |
| 3. | Motorcycle Advance | BPS-01 to BPS-17 | Rs.80,000 | Rs.1340/- | 60 |
| 4. | Cycle Advance | BPS-01 to BPS-17 | Rs.8,000 | Rs.100/- | 40 |
Conditions
- The interest fee is available for only provincial government employees through the lucky draw scheme.
- Interested individuals can avail of only one item for this opportunity.
- The individuals cannot apply for more than one item.
- it is mandatory for the applicant to provide a DDO certificate.
- The applications from the provincial government employees working in the civil secretariat or sub-departments will be verified in the civil secretariat.
The deputy commissioner of the relevant district Is responsible for accepting the application.
Benefit of Advances (Interest-Free)
This is a good step for the Khyber Pakhtunkhwa Government. The employees get a lot of benefits from these interest-free loans. However, the amount of loans is meager. The government should increase this amount. In the current allotment of the amount, they are unable to purchase the items mentioned against each item.
