The Khyber Pakhtunkhwa (KP) government has introduced the Ehsaas Apna Ghar Scheme, a program offering interest-free loans of up to Rs. 1.5 million. This initiative aims to support low-income families in building or renovating homes. A collaboration between the Housing Department and the Bank of Khyber ensures the smooth execution of this program.
The scheme has Rs. 4 billion in allocated funds and operates under a revolving fund system, allowing applicants to repay loans over seven years with a manageable installment of Rs. 18,000 per month.
Key Details of the Scheme
| Feature | Details |
|---|---|
| Loan Amount | Up to Rs. 1.5 million |
| Repayment Period | 7 years |
| Maximum Monthly Installment | Rs. 18,000 |
| Total Funds Allocated | Rs. 4 billion |
Simple Application Process with Land Requirement
To apply for the Ehsaas Apna Ghar Scheme, applicants must own land. This ensures the loan is used for constructing new homes or renovating existing properties. The process is straightforward, reducing paperwork and barriers for low-income families. Applicants are encouraged to contact the Bank of Khyber for further guidance and submission of their forms.
Benefits of the Scheme
The scheme provides substantial relief to families struggling with housing issues. By offering interest-free loans, it reduces financial stress and promotes better living conditions. Beneficiaries can construct new homes or expand existing ones to accommodate growing families. Moreover, the affordable repayment plan ensures that the scheme remains sustainable for a longer duration.
Government’s Commitment to Housing
During the launch event, Chief Minister Ali Amin Gandapur emphasized the importance of affordable housing for low-income groups. He stated that ensuring access to quality housing is one of the government’s top priorities. This scheme reflects their dedication to uplifting the living standards of disadvantaged families across the province.
Previous Housing Initiatives
In October, the KP government introduced a low-cost housing scheme under the Naya Pakistan Housing Program. This project focuses on families earning less than Rs. 50,000 monthly. Spanning 150 kanals, the initiative plans to construct 1,320 low-cost apartments, with 120 flats being developed in the first phase. These programs complement the Ehsaas Apna Ghar Scheme, enhancing housing opportunities for the underprivileged.
Conclusion
The Ehsaas Apna Ghar Scheme is a significant step by the KP government to address housing challenges faced by low-income families. With its interest-free loans, easy repayment plans, and focus on construction and renovation, the program is set to improve living conditions and provide financial relief. Initiatives like this reflect the government’s ongoing commitment to social welfare and improving the lives of its citizens.