Ehsaas Apna Ghar Program: Monthly Qist of 18,000 For Homeowners
The latest update pertains to the underserved population of Khyber Pakhtoon Kha who are either renting or facing financial constraints in building their own houses. In light of this, the KP government has introduced the Ehsaas Apna Ghar Program, specifically for individuals earning less than 50,000 Ruppes.
The program has launched its application process for eligible individuals, so be sure to review the important eligibility and program requirements.
KP Launches Ehsaas Apna Ghar Program
The “Ehsaas Apna Ghar Scheme,” implemented by the Khyber Pakhtunkhwa (KP) government, provides low-income families with interest-free loans up to Rs 1.5 million for housing. Eligible applicants must own their land and will receive loans at reasonable interest rates, making it manageable to pay in monthly installments.
“احساس اپنا گھر سکیم،” خیبر پختونخواہ (کے پی) حکومت کی طرف سے لاگو کی گئی ہے، کم آمدنی والے خاندانوں کو رہائش کے لیے 1.5 ملین روپے تک کے بلاسود قرضے فراہم کرتی ہے۔ اہل درخواست دہندگان کو اپنی زمین کا مالک ہونا چاہیے اور وہ مناسب شرح سود پر قرض حاصل کریں گے، جس کی وجہ سے وہ ماہانہ اقساط میں ادائیگی کر سکیں گے۔ یہ اسکیم اگلے سات سالوں تک ریوالونگ فنڈ سسٹم کے تحت کام کرے گی۔
The scheme will operate under the revolving fund system for the next seven years.
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Affordable Quality Homes for Ehsaas Apna Ghar Beneficiaries
During the ceremony, Chief Minister Gandapur reiterated the government’s dedication to enhancing housing opportunities for low-income populations.
According to him, “Ensuring access to adequate housing is a top priority for us. Our commitment to improving the living conditions of the less fortunate is exemplified through the Ehsaas Apna Ghar Scheme.”
How Families Earning Under 50,000 Can Apply for Financial Assistance
A key requirement for the Ehsaas Apna Ghar Scheme is that applying families have a monthly income below 50,000. This program specifically caters to those who are economically disadvantaged and unable to construct their own homes.
Loan Borrowers to Pay Rs 18,000 Monthly: Key Details
With a budget of Rs 4 billion, the program features a straightforward seven-year repayment plan and ensures that recipients can afford their monthly payments, which will not exceed Rs 18,000.
The Main Objective Of the Apna Ghar Program By KP’s government
The Housing Department and the Bank of Khyber have entered into a memorandum of understanding (MoU) to facilitate the implementation of this project.
The event was chaired by Chief Minister Ali Amin Gandapur and graced by the presence of members of the cabinet, including Dr. Amjad Ali Khan and Muzammil Aslam. Representatives from the Bank of Khyber and concerned departments also attended.
The objective of the program is to offer financial support for either constructing new homes or renovating and expanding existing ones.
Naya Pakistan Housing Scheme
In October, the Khyber Pakhtunkhwa government implemented a low-cost housing initiative aimed at assisting individuals who earn below Rs 50,000 monthly.
The Naya Pakistan home Program includes a 150-kanal home project that is estimated to have a budget of Rs 3,300 million. The first phase of this project aims to construct 120 affordable apartments, while the overall goal is to complete a total of 1,320 apartments.
In Conclusion
The Ehsaas Apna Ghar Program, a noteworthy effort by the KP government, aims to assist low-income families earning below Rs 50,000. Through the provision of interest-free loans and feasible monthly installments, this program enables vulnerable households to construct or enhance their residences without facing financial strain.