The federal government has reduced the number of documents required to apply for the ‘Apna Ghar housing scheme’ from 25 to five, in a move aimed at making the process easier for applicants.
This was decided in a high-level review meeting chaired by Prime Minister Shehbaz Sharif, the maximum processing time for applications has also been set at 15 working days to speed up loan approvals.
The prime minister directed officials to simplify the application process further and help citizens obtain the property ownership documents required for housing finance.
He also instructed the State Bank of Pakistan (SBP) and relevant ministries to consult stakeholders and submit final proposals by the end of October to improve lending for housing, agriculture and small businesses.
The meeting was also briefed on progress under other government lending schemes.
Agricultural lending has reached Rs.1,352 billion, with the government aiming to increase the amount to Rs. 1,500 billion by June 2027 and expand the number of beneficiary farmers to 4.5 million.
Meanwhile, more than 352,000 small and medium-sized enterprises have received loans worth Rs.1,137 billion.
The government aims to increase lending to the sector to Rs.1,500 billion by June 2027 and extend support to 575,000 business owners.