PM Urges Faster Loan Approvals in Apna Ghar Scheme

Prime Minister Muhammad Shehbaz Sharif on Thursday directed authorities to further simplify procedures and accelerate loan approvals under the Prime Minister’s Apna Ghar Scheme. He stressed that greater facilitation for applicants would help more citizens realise their dream of owning a home.

During a review meeting on the progress of the housing initiative, the prime minister said the strong public response to the scheme was highly encouraging and reflected the growing demand for affordable housing.

The prime minister observed that the success of the scheme would not only improve access to housing but also stimulate growth in the construction sector, boost allied industries and contribute to overall economic expansion.

He directed the Ministry of Housing to work with the State Bank of Pakistan to make the application form more user-friendly and easier for applicants to understand. He also instructed banks to expedite the approval process for valid applications and ensure the timely disbursement of loans.

Efforts were underway to further speed up the provision of concessional housing finance through digital hubs, facilitation desks and other administrative measures. The State Bank of Pakistan had made it mandatory for banks to process Apna Ghar Scheme applications within 15 days.

A dedicated digital portal has also been launched to monitor the implementation and progress of the scheme.