MoU inked to implement Ehsas Apna Ghar Scheme

PESHAWAR: The government of Khyber Pakhtunkhwa has inked a memorandum of understanding (MoU) for the implementation of “Ehsas Apna Ghar Scheme.”

The MoU was signed between the Housing Department and the Bank of Khyber in a ceremony held at the Chief Minister’s House here. The ceremony was attended by Chief Minister Ali Amin Khan Gandapur as the chief guest. The cabinet members including Dr Amjad Ali and Muzammil Aslam, officials of the relevant departments and the Bank of Khyber were also present.

Under the Ehsaas Apna Ghar scheme, low-income individuals would be eligible for interest-free loans of up to Rs 1.5 million for the construction of new houses on their owned land or for the expansion and renovation of existing ones. The scheme, with a budget of Rs 4 billion, offers a seven-year easy repayment schedule with a maximum monthly installment of Rs 18,000. It will operate on a revolving funds system and continue for the next seven years. Speaking on the occasion, Chief Minister Ali Amin Khan Gandapur emphasised that providing quality housing to the people was a top priority of the provincial government.