Islamabad: Governor State Bank Reza Baqir, on Thursday, informed Prime Minister Imran Khan that a total of 8,000 people had applied for mark-up subsidy scheme under Naya Pakistan Housing Programme and 1,820 of these applications have already been approved – a news source reported. He also added that steps are being taken to approve the remaining applications as soon as possible and that the applications have an outlay of about PKR 5 billion.
PM was chairing the meeting of the National Coordination Committee on Housing, Construction and Development. The meeting also reviewed the progress of construction activities underway across the country and the progress on provision of loans by the banks to builders, developers, and especially the low-income groups.
The meeting was informed that for the first time in the history of the country, a standard application form was being used by all banks for extending credit facility to the low-income groups.
The Prime Minister was also briefed that a memorandum of understanding (MoU) has been signed with two banks to cater to the segments of population not covered under the government’s scheme. Under this scheme, no ceiling loans will be provided for the construction and purchase of homes.