Pakistan Disburses Rs51 Billion Under Apna Ghar Housing Scheme
The federal government has disbursed Rs51.13 billion under the Prime Minister’s Apna Ghar Program (Ghar Ho To Apna) as it works to convert approved housing financing into actual home purchases and construction.
The programme aims to provide housing financing to eligible Pakistani families for buying, building or completing their homes.
Rs51.13 Billion Released Under Apna Ghar Program
According to government figures, financing worth Rs51.13 billion has been released through 9,717 loans under the Apna Ghar Program.
The figures were shared by Finance Minister’s Adviser Khurram Schehzad on Friday.
The government said its focus is on ensuring that approved loans reach borrowers and help them complete housing-related projects.
Rs351 Billion Financing Approved for 60,349 Applications
As of September 4, financing worth Rs351.3 billion had been approved for 60,349 applications under the Prime Minister’s Apna Ghar Program.
The approved financing shows the demand for housing loans under the scheme, while the government is working to increase the pace of loan disbursement.
Loan Approval Rate and Average Financing
The programme has an approval rate of 38.5 percent, while the average loan amount stands at around Rs5.26 million.
According to the latest government figures, approved financing increased by Rs38.3 billion, showing an increase of more than 12 percent in one week.
Gap Between Approved and Released Loans
Despite the approval of more than Rs351 billion in financing, the amount released to borrowers remains lower.
So far, around Rs51 billion of the approved financing has been disbursed through loans.
The government has stated that its immediate priority is to speed up the disbursement process and ensure that approved financing translates into home purchases, construction and house completion.
Apna Ghar Program Financing Details
Under the scheme, eligible Pakistani families can obtain financing for:
Buying a house
Building a house
Completing a house
The programme offers financing of up to Rs10 million, with repayment available for a period of up to 20 years.
The scheme provides a fixed interest rate of 5 percent for the first 10 years.
Key Details of Apna Ghar Program
Detail | Information |
|---|---|
Programme | Prime Minister’s Apna Ghar Program (Ghar Ho To Apna) |
Approved Applications | 60,349 |
Approved Financing | Rs351.3 billion |
Disbursed Amount | Rs51.13 billion |
Released Loans | 9,717 |
Maximum Financing | Rs10 million |
Repayment Period | Up to 20 years |
Interest Rate | 5% for first 10 years |
The Apna Ghar Program continues to focus on providing housing financing options to eligible families, with the government aiming to improve the process of turning approved loans into completed housing projects.
Frequently Asked Questions
1. What is the Apna Ghar Housing Scheme?
The Prime Minister’s Apna Ghar Program (Ghar Ho To Apna) is a housing financing programme that helps eligible Pakistani families buy, build or complete a house.
2. How much amount has been disbursed under the Apna Ghar Program?
The government has disbursed Rs51.13 billion through 9,717 loans under the scheme.
3. How much financing has been approved under the programme?
Financing worth Rs351.3 billion has been approved for 60,349 applications.
4. What is the maximum loan limit under the Apna Ghar Program?
Eligible families can get financing of up to Rs10 million under the scheme.
5. What is the repayment period for Apna Ghar housing loans?
The repayment period under the programme is available for up to 20 years.
6. What is the fixed interest rate offered under the scheme?
The programme offers a fixed interest rate of 5% for the first 10 years.
7. What can families use the housing financing for?
Families can use the financing to buy a house, build a house or complete a house.
8. What is the approval rate of the Apna Ghar Program?
The programme currently has an approval rate of 38.5 percent.
Article Details
Category: News
Published:
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Author: Rabia
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