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Punjab CM Launches New Interest-Free Loan Scheme for Safe Housing

Punjab CM Launches New Interest-Free Loan Scheme for Safe Housing

Key Takeaways

  • Chief Minister Maryam Nawaz Sharif approved the 'Apna Ghar, Mehfooz Ghar' programme.
  • The initiative aims to improve housing safety and prevent residential structure tragedies.
  • This new scheme is part of the existing 'Apni Chhat, Apna Ghar' initiative.

Punjab Chief Minister Maryam Nawaz Sharif has expanded the province's housing safety programme with the launch of a new interest-free loan scheme. The initiative, named ‘Apna Ghar, Mehfooz Ghar’ (My Home, Safe Home), is part of an ongoing effort to enhance residential safety and prevent tragedies caused by unsafe structures.

Speaking at a special meeting on Wednesday, Chief Minister Nawaz Sharif stated that the new programme will provide financial assistance to residents who wish to improve or construct safer homes. The scheme is designed to offer interest-free loans, making it more accessible for those in need of better housing conditions.

The decision was made during a session where various stakeholders discussed the current state of residential safety across Punjab. According to officials present at the meeting, the new programme will complement the existing ‘Apni Chhat, Apna Ghar’ initiative, which focuses on improving living conditions through structural safety measures.

Under the new scheme, eligible applicants can apply for loans without incurring interest charges, thereby reducing financial burdens associated with home improvements. The Chief Minister emphasized that this move is part of a broader strategy to ensure that all residents have access to safe and secure housing environments.

The programme will be rolled out across various districts within Punjab, targeting areas where residential safety concerns are most prevalent. Local authorities have been instructed to facilitate the application process for interested individuals, ensuring transparency and ease of access.

While details on the exact amount of financial support available under the new scheme remain undisclosed, officials have assured that it will be sufficient to cover a wide range of housing improvement projects. The initiative is expected to benefit thousands of families across the province.