The Ehsaas Apna Ghar Program has been introduced by the Khyber Pakhtunkhwa (KP) government to provide financial assistance to low-income families who either rent homes or are struggling to build their own. Specifically designed for families with a monthly income below Rs 50,000, the program offers interest-free loans for housing, helping these families achieve their dream of homeownership.
Khyber Pakhtunkhwa Launches the Ehsaas Apna Ghar Program
The Ehsaas Apna Ghar Scheme is an initiative by the Khyber Pakhtunkhwa (KP) government, aimed at providing low-income families with the financial means to build or improve their homes. Under this program, eligible applicants can receive interest-free loans up to Rs 1.5 million for housing construction.
To be eligible for this loan, families must own land, and the loan is provided at reasonable interest rates to ensure affordability. The loan repayment is designed to be manageable, with monthly installments that won’t exceed Rs 18,000.
The scheme will operate under a revolving fund system for the next seven years, ensuring the long-term sustainability of the initiative.
Affordable Homes for Ehsaas Apna Ghar Beneficiaries
During the official ceremony, Chief Minister Gandapur emphasized the government’s commitment to improving housing opportunities for low-income families.
“We are committed to improving living conditions and making adequate housing accessible to the less fortunate. The Ehsaas Apna Ghar Scheme is a vital step toward achieving this goal,” said the Chief Minister.
The program is designed to offer affordable and quality homes to those who need it most, giving them an opportunity to enhance their living conditions without facing severe financial hardship.
Ehsaas Apna Ghar Applying for Families Earning Under 50,000
One of the key criteria for the Ehsaas Apna Ghar Scheme is that the applying family must have a monthly income of less than Rs 50,000. This makes it ideal for families who are economically disadvantaged and unable to afford the high costs of home construction or renovation on their own.
Key Loan Details for Ehsaas Apna Ghar Beneficiaries
With a total budget of Rs 4 billion, the Ehsaas Apna Ghar Program ensures that the loan repayment is affordable for all eligible recipients. The program features a seven-year repayment plan, allowing borrowers to pay back their loans in manageable monthly installments of no more than Rs 18,000.
Loan Details:
- Loan Amount: Up to Rs 1.5 million
- Interest Rate: Interest-free
- Repayment Period: 7 years
- Monthly Installment: Maximum Rs 18,000
Also read: BISP 8171 Survey Latest Updates from Sargodha and Bhakkar Districts
Objective of the Apna Ghar Program
The primary objective of the Apna Ghar Program is to support low-income families in building new homes or renovating existing ones. This initiative is a collaborative effort between the Housing Department and the Bank of Khyber. They have entered into a Memorandum of Understanding (MoU) to ensure smooth and efficient implementation of the program.
The event was attended by Chief Minister Ali Amin Gandapur, alongside members of the cabinet, including Dr. Amjad Ali Khan and Muzammil Aslam. Representatives from the Bank of Khyber and other related departments also participated in the launch.
Also read: Complete Transparency BISP Payment Distribution Report Released
Naya Pakistan Housing Scheme Supporting Low-Income Families
In addition to the Ehsaas Apna Ghar Program, the KP government has also launched the Naya Pakistan Housing Scheme in October, aimed at providing affordable housing for individuals with a monthly income of below Rs 50,000.
This initiative includes a 150-kanal home project with an estimated budget of Rs 3.3 billion. The first phase of this project will focus on constructing 120 affordable apartments, with the goal of completing 1,320 apartments over the long term.
Also read: How to Register for the BISP 8171 Card Online: Full Guide for 2024-25
FAQs
What is the Ehsaas Apna Ghar Program?
The Ehsaas Apna Ghar Program offers interest-free loans up to Rs 1.5 million to low-income families for home construction or renovation.
Who is eligible for the Ehsaas Apna Ghar loan?
Families with a monthly income below Rs 50,000 and who own land are eligible for the program.
How much is the loan amount under this program?
Eligible families can receive loans up to Rs 1.5 million for constructing or renovating their homes.
What is the repayment plan for the loan?
The loan repayment is structured over 7 years with monthly installments of up to Rs 18,000.
Is there any interest on the loan?
The loan under the Ehsaas Apna Ghar Program is interest-free, making it affordable for low-income families.
Also reads: Reduce Your PMT Score for 8171 Ehsaas Program 2024-25 Update
Conclusion
The Ehsaas Apna Ghar Program is a crucial initiative by the Khyber Pakhtunkhwa government aimed at supporting low-income families who are unable to afford home construction or renovation. Through interest-free loans and affordable monthly installments, the program is giving families the opportunity to build or improve their homes, ultimately helping them achieve better living conditions without the burden of financial strain.
Read more: Over 2.6 Million Women Benefiting from the 8171 Ehsaas Development Program