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Government Restores Mera Pakistan Mera Ghar Loan Scheme

Mera Pakistan Mera Ghar

Mera Pakistan Mera  Ghar Scheme is a loan scheme by the government of Pakistan that enables low-income people to get loans in easy conditions for constructing homes. This scheme was introduced by the past government through the State Bank of Pakistan (SBP) to improve the availability of adequate housing in the country. Previously, this scheme was discontinued by the government, and the reason presented for this action was insufficient funds in national treasure.

The government gave the go-ahead to resume the Mera Pakistan Mera Ghar Scheme with an imposed condition. The disbursements of loans will be done for the already approved cases under the housing finance scheme. This means that people who got approval from authorities will get the loans for the contruction of their homes, new loan applications, however, will not be entertained until further notice.

Ministry of Finance directed the Finance Minister to take the necessary steps for disbursements of loans for approved applications. Miftah Ismail announced the resumption of the Mera Pakistan Mera Ghar (MPMG) scheme on 22 July 2022. Housing loans will be given to the accepted candidates, keep in mind that the returning conditions are same for these loans.

Moreover, the Finance Minister stated that he will request the bank to reduce the interest ratio, he further stated that the government is still working to reshape the scheme to make it cheaper and more affordable for the general public.

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