The Government of Khyber Pakhtunkhwa took a great initiative to provide quality accommodation to the province’s low-income residents. For this purpose, an MoU is signed between Housing Department and the Bank of Khyber to implement the scheme called” Ehsaad Apna Ghar”.
The ceremony of signing MoU was held in CM House. Chief Minister of Khyber Pakhtunkhwa Ali Amin Khan Gandapur was the chief guest, provincial cabinet members Dr. Amjad Ali khan and Muzamal Aslim, officials of related departments and board members of Bank of Khyber were present at the occasion.
Under the scheme, low-income people will be given interest-free loans of up to 15 lakh rupees for the construction of a new house or extension and repair of an existing house. The scheme will cost Rs 4 billion.
A simplified schedule of 7 years has been suggested for repayment of loans. The maximum monthly installment of loan repayment will be up to 18 thousand rupees. This scheme will continue for the next 7 years under the revolving funds system. To avail loans under this scheme it is necessary to have own land.
“The provision of quality housing facilities to the people is among the priorities of the present provincial government, the launch of “Ehsaas Apna Ghar” scheme is an important link in this chain, this is another welfare project of the present provincial government, “ Ali Amin Khan Gandapur said.
“Under this program, interest-free loans will be provided to impart quality housing facilities to the low-income people of the province, the implementation of this program will not only provide low-income people with quality housing facilities but also improve their social, and economic conditions”, Ali Amin Khan Gandapur said.
“Transparency should be ensured in all respects in the process of providing interest-free loans under the scheme, it should be ensured that these loans are given only to the entitled people, the provincial government has also started other welfare projects under the Ehsaas program. These projects include Ehsaas Young, Ehsaas Hunar and Ehsaas Roozer”, the chief minister said.
