{"id":75679,"date":"2021-04-22T10:57:29","date_gmt":"2021-04-22T05:57:29","guid":{"rendered":"https:\/\/www.zameen.com\/news\/?p=75679"},"modified":"2021-04-22T10:57:35","modified_gmt":"2021-04-22T05:57:35","slug":"sbp-develops-mechanism-for-markup-subsidy-scheme","status":"publish","type":"post","link":"https:\/\/www.zameen.com\/news\/sbp-develops-mechanism-for-markup-subsidy-scheme.html","title":{"rendered":"SBP develops mechanism for markup subsidy scheme"},"content":{"rendered":"\n<p>Karachi: The State Bank of Pakistan (<a href=\"https:\/\/www.zameen.com\/news\/sbp-amends-regulations-to-aid-the-housing-sector.html\" target=\"_blank\" rel=\"noreferrer noopener\">SBP<\/a>) has formulated a complete mechanism for markup subsidy scheme for housing finance and forwarded it to banks and development finance institutions (DFIs) who are acting as Executing Agencies (EAs) for the initiative, according to a news source.<\/p>\n\n\n\n<p><strong>Read:<\/strong> <a href=\"https:\/\/www.zameen.com\/news\/sbp-launches-five-year-plan-for-islamic-banking-sector.html\" target=\"_blank\" rel=\"noreferrer noopener\">SBP launches five-year plan for Islamic banking sector<\/a><\/p>\n\n\n\n<p>In a detailed circular to all the EAs, the banks and DFIs were advised to submit their claims to the Development Finance Support Department (DFSD), SBP BSC, Karachi \u2013 within 15 working days from the end of each quarter.<\/p>\n\n\n\n<p><strong>Read:<\/strong> <a href=\"https:\/\/www.zameen.com\/news\/sbp-announces-major-changes-in-housing-finance-scheme.html\" target=\"_blank\" rel=\"noreferrer noopener\">SBP announces major changes in housing finance scheme<\/a><\/p>\n\n\n\n<p>It was also announced that EAs will submit their claim within 15 working days for the quarter ending December 2020 and March 2021 \u2013 from the issuance date of this circular. The central bank stated that the EAs will review financing applications of customers as per parameters of markup subsidy scheme for housing finance approved by the federal cabinet and circulated by the SBP to all banks\/DFIs on March 25 \u2013 and are revised from time to time.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Karachi: The State Bank of Pakistan (SBP) has formulated a complete mechanism for markup subsidy scheme for housing finance and forwarded it to banks and development finance institutions (DFIs) who are acting as Executing Agencies (EAs) for the initiative, according to a news source. Read: SBP launches five-year plan for Islamic banking sector In a detailed circular to all the EAs, the banks and DFIs were advised to submit their claims to the Development Finance Support Department (DFSD), SBP BSC, Karachi \u2013 within 15 working days from the end of each quarter. Read: SBP announces major changes in housing finance scheme It was also announced that EAs will submit their claim within 15 working days for the quarter ending December 2020 and March 2021 \u2013 from the issuance date of this circular. The central bank stated that the EAs will review financing applications of customers as per parameters of markup subsidy scheme for housing finance approved by the federal cabinet and circulated by the SBP to all banks\/DFIs on March 25 \u2013 and are revised from time to time.<\/p>\n","protected":false},"author":75,"featured_media":64432,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[15016,15017],"tags":[45766,21853],"persona":[],"class_list":{"0":"post-75679","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-new-developments","8":"category-notices-announcements","9":"tag-sbp-develops-mechanism-for-markup-subsidy-scheme","10":"tag-state-bank-of-pakistan-sbp","11":"cat-15016-id","12":"cat-15017-id"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>SBP develops mechanism for markup subsidy scheme - Zameen News<\/title>\n<meta name=\"description\" content=\"Karachi: The State Bank of Pakistan (SBP) has formulated a complete mechanism for markup subsidy scheme for housing finance and forwarded it to banks and\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.zameen.com\/news\/sbp-develops-mechanism-for-markup-subsidy-scheme.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"SBP develops mechanism for markup subsidy scheme - Zameen News\" \/>\n<meta property=\"og:description\" content=\"Karachi: The State Bank of Pakistan (SBP) has formulated a complete mechanism for markup subsidy scheme for housing finance and forwarded it to banks and\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.zameen.com\/news\/sbp-develops-mechanism-for-markup-subsidy-scheme.html\" \/>\n<meta property=\"og:site_name\" content=\"Pakistan Real Estate News &amp; 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