Prime Minister Apna Ghar Program Disburses Rs 104 Billion in Housing Loans; Ministry of Finance Reports Massive Surge in Approvals and Distribution to Facilitate Low-Income Families
ISLAMABAD: A significant step toward public welfare housing has been taken, as the Ministry of Finance has announced the disbursement of Rs 104 billion in housing loans through the Prime Minister Apna Ghar Program.
The Ministry of Finance has officially endorsed 90,405 housing loans to the tune of Rs 533 billion under the ambitious housing scheme, according to the official data. Of the 220,715 applications received, about 41 per cent have passed the approval criteria.
The Prime Minister Apna Ghar Program Progress Report highlights several key areas of progress.The Prime Minister Apna Ghar Program Progress Report includes the following key highlights.
Disbursement Milestone: So far, Rs 104 billion is disbursed in actual loans, which represents an impressive 404 percent increase in loan provisions since June (17,697 individuals).
Rapid growth in Approvals: Loans disbursed increased by a whopping Rs 21 billion in June to Rs 104 billion by the end of October. Loan approvals generally rose 269 percent during the same time frame.
The Apna Ghar Program is designed to make home ownership more affordable and accessible on easy terms and empower thousands of underprivileged families to own their homes and build their homes.