PESHAWAR: The Khyber Pakhtunkhwa (KP) government has officially launched the Ehsaas Apna Ghar Scheme, offering interest-free loans of up to Rs 1.5 million to low-income families for housing purposes.
A Memorandum of Understanding (MoU) was signed between the Housing Department and the Bank of Khyber to facilitate the execution of the scheme.
The ceremony, chaired by Chief Minister Ali Amin Gandapur, was attended by cabinet members Dr. Amjad Ali Khan and Muzammil Aslam, along with officials from the relevant departments and the Bank of Khyber.
The primary goal of the initiative is to provide financial assistance for the construction of new homes, as well as the renovation and expansion of existing properties. The scheme has a budget allocation of Rs 4 billion and offers a straightforward repayment plan over seven years. Beneficiaries will only need to pay a maximum monthly installment of Rs 18,000, ensuring the loans remain affordable.
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To qualify, applicants must own land, and the scheme will operate under a revolving fund system for the next seven years.
During the event, Chief Minister Gandapur emphasized the government’s commitment to improving housing for low-income groups. “Providing access to quality housing is one of our top priorities. The Ehsaas Apna Ghar Scheme is a reflection of our dedication to raising the living standards of disadvantaged families,” he said.
Earlier in October, the Khyber Pakhtunkhwa government launched another low-cost housing initiative aimed at citizens with a monthly income of less than Rs 50,000. This project is part of the Naya Pakistan Housing Program, covering an area of 150 kanals with an estimated cost of Rs 3,300 million.
In the first phase, 120 flats will be constructed, with a total of 1,320 low-cost apartments planned for completion.
