Ehsaas Apna Ghar Scheme: Khyber Pakhtunkhwa Launches Interest-Free Housing Loans

Ehsaas Apna Ghar Scheme: Khyber Pakhtunkhwa Launches Interest-Free Housing Loans

The Ehsaas Apna Ghar Scheme, a revolutionary program launched by the Khyber Pakhtunkhwa (KP) government, offers low-income people interest-free housing loans for building or remodeling homes. The government’s commitment to raising the standard of living for underserved populations is consistent with this program.

Interest-Free Loans for Housing Needs

Eligible low-income people can build new homes or modify existing ones with interest-free loans up to Rs 1.5 million under the Ehsaas Apna Ghar Scheme. With a seven-year repayment schedule and affordable monthly installments up to 18,000 rupees, the initiative gives borrowers flexibility.

The program’s sustainability over the following seven years is guaranteed by its revolving financing mechanism. As a requirement for participation, applicants must be landowners in order to be eligible for the loan.

Memorandum of Understanding for Implementation

The signing of a Memorandum of Understanding (MoU) between the Housing Department and the Bank of Khyber was a crucial step in the introduction of the Ehsaas Apna Ghar Scheme.

Chief Minister Ali Amin Gandapur was the chief guest during the signing ceremony of the Memorandum of Understanding, which was held at the Chief Minister’s residence. The provincial government’s commitment to helping low-income households is reflected in the scheme’s 4 billion rupee budget.

Chief Minister’s Vision for Quality Housing

Chief Minister Ali Amin Gandapur underlined during the inaugural event how crucial it is for the KP government to provide high-quality housing amenities. He emphasized that the Ehsaas Apna Ghar Scheme, which provides financial assistance to people in most need, is a crucial component of this objective.

According to the Chief Minister, this program would help low-income families’ social and economic circumstances in addition to guaranteeing improved housing. He emphasized how crucial it is for the disbursement procedure to be transparent in order to guarantee that only worthy people receive loans.

Additional Welfare Programs Under the Ehsaas Initiative

The KP government has introduced a number of welfare initiatives, including the Ehsaas Apna Ghar Scheme. Other noteworthy projects include of:

The Ehsaas Youth Program is centered on giving young people job opportunities and skill development.
The Ehsaas Skills Program empowers workers by offering technical training.
The Ehsaas Employment Program helps citizens become economically independent and create jobs.

When taken as a whole, these initiatives show the government’s larger dedication to community development and welfare.

Compensation Package for D-Chowk Victims

The KP cabinet has approved a compensation package for the D-Chowk catastrophe victims, which includes housing efforts and support for the injured and martyrs’ relatives.

The details of the compensation include:

Ten million rupees for martyrs’ families.
One million rupees for the wounded.

The provincial spokeswoman, Barrister Saif, said that this package demonstrates the government’s dedication to meeting the needs of impacted families. Additional victims are still undergoing verification procedures, and payment will be made as soon as this is confirmed.

Conclusion

An important step towards meeting the housing needs of low-income people in KP is the Ehsaas Apna Ghar Scheme. The provincial government makes sure that this welfare program enhances lives and strengthens communities by providing interest-free loans and encouraging transparency. The KP government is promoting a comprehensive strategy for social and economic development in conjunction with other Ehsaas initiatives.