Govt launches interest free loan scheme for overseas workers, Check eligibility inside

ISLAMABAD: The government is set to launch an interest-free loan scheme for up to 1 million rupees for prospective overseas workers, aiming to support individuals seeking employment abroad.

This initiative is expected to benefit thousands of Pakistani workers seeking opportunities abroad and enhance financial stability for workers and their families.

The scheme will provide interest-free financing options with flexible repayment terms, catering to the financial needs of overseas workers.

Eligibility Criteria

To be eligible, applicants must be between 21 and 45 years old, have a valid job offer letter or be recruited through a licensed Overseas Employment Promoter (OEP), and jointly book the loan with a family member living in Pakistan.

By supporting these individuals, the government aims to promote economic growth and development in Pakistan. Interested individuals can visit the official government website or consult with relevant authorities for more information on the scheme, including application procedures and eligibility criteria.

The launch of this scheme is part of the government’s efforts to support overseas workers and their families. By providing interest-free loans, the government hopes to alleviate some of the financial burdens associated with seeking employment abroad. This initiative is expected to have a positive impact on the lives of many Pakistani workers and their families.