Mera Pakistan Mera Ghar Affordable Housing
Mera Pakistan Mera Ghar Affordable Housing The State Bank of Pakistan has revised the Government’s Markup Subsidy Scheme for Housing Finance, known as Mera Pakistan Mera Ghar, as per IH&SMEFD Circular No. 03 of 2024 dated March 25, 2024. This revision aims to ease the eligibility criteria, thereby increasing access to housing finance for the general public. This initiative is designed to foster economic development, generate employment, and enhance social wellbeing across Pakistan.Also Read:Applying for Kisan Card Online in Pakistan
Mera Pakistan Mera Ghar
In a significant development for 2024, the “Mera Pakistan Mera Ghar” initiative has been launched to provide affordable housing solutions across the country. This ambitious program aims to address the housing needs of low-income groups and middle-class families by offering subsidized financing options and incentives for home ownership. The initiative includes provisions for constructing new housing units, upgrading existing facilities, and facilitating access to mortgage financing at reduced rates. By promoting affordable housing, the program seeks to improve living standards, stimulate economic growth in the construction sector, and enhance social inclusivity by ensuring more Pakistanis have access to secure and dignified housing options.
Scheme Overview
Mera Pakistan Mera Ghar Affordable Housing Mera Pakistan Mera Ghar provides institutionalized housing finance to meet the diverse housing needs of Pakistanis. Allied Bank, among other financial institutions, is offering loans under this scheme with attractive markup rates and flexible terms.
Key Features of the Scheme:
- Property Types: Houses up to 125 Sq. Yards (5 Marla) and up to 250 Sq. Yards (10 Marla), flats/apartments with a maximum covered area of 1,250 Sq. ft. and 2,000 Sq. ft.
- Markup Rates: As low as 3%, 5%, or 7% per annum.Read:Ehsaas Kafalat Program Registration Reopened Now
- Eligibility: One individual can avail of the subsidized housing loan facility only once.
Loan Details
Mera Pakistan Mera Ghar Affordable Housing To facilitate the long-term funding for housing, the scheme offers varied financing options based on the size of the property and the type of housing unit. Here’s a quick overview of the details:
| Feature | Details |
|---|---|
| Property Size (Houses) | Up to 125 Sq. Yards (5 Marla), Up to 250 Sq. Yards (10 Marla) |
| Property Size (Flats/Apartments) | Up to 1,250 Sq. ft., Up to 2,000 Sq. ft. |
| Markup Rates | 3%, 5%, or |