Apna Ghar Programme financing approvals cross Rs351bn

Mettis Global reported that financing approved through the Apna Ghar Programme of the Prime Minister has reached Rs351.3 billion, while disbursements total Rs51.13bn. Programme data record 60,349 housing finance cases approved to date. Approvals rose by Rs38.3bn, or more than 12 per cent, in the latest week, according to APP.

Mettis Global said the expanding housing finance flow is expected to lift construction, creating demand for inputs such as cement, steel, bricks, electrical goods and furniture. Small and medium-sized enterprises could also benefit, and employment may rise across segments tied to housing and construction. The report added that residential building involves many industries, so wider access to affordable credit can boost overall economic activity.

The government's stated goals include promoting affordable housing, stimulating construction and generating employment. The publisher tied the latest figures to the programme's growing scale and wider access to formal housing finance.