The federal government has approved the inclusion of non-banking finance companies in the Prime Minister’s Apna Ghar Scheme. The move is expected to expand access to affordable housing loans for a larger number of people across Pakistan.
The decision was made following a proposal submitted by the Securities and Exchange Commission of Pakistan (SECP). Officials said the expansion will allow more financial institutions to participate in the government’s housing finance programme.
With this approval, non-banking finance companies will be able to offer housing loans under the Apna Ghar Scheme. The initiative aims to make home financing more accessible, especially for people who face difficulties obtaining loans through traditional banks.
The government said the latest step will improve financial inclusion. It is expected to benefit individuals who do not have access to conventional banking services or who may not qualify for standard bank financing.
Under the revised framework, eligible non-banking housing finance companies and investment finance companies can provide loans of up to Rs10 million. These loans will be offered through the Prime Minister’s Apna Ghar Scheme in accordance with the approved guidelines.
Officials believe the expansion will create more financing options for people looking to purchase or build homes. It is also expected to increase competition among financial institutions, giving applicants greater flexibility when seeking housing finance.
The inclusion of additional financial providers is designed to strengthen the reach of the housing programme. By allowing more institutions to participate, the government hopes to improve access to affordable home loans in different parts of the country.
The SECP played a key role in proposing the policy change. The regulator recommended expanding the scheme to include institutions beyond the traditional banking sector in order to reach a wider segment of the population.
The newly approved framework enables non-banking housing finance companies and investment finance companies to become part of the programme. This is expected to support people who have previously found it difficult to secure housing finance through banks.
Housing experts have often highlighted the need for broader access to financing. Expanding the number of participating institutions could help increase the availability of home loans for eligible applicants.
The Apna Ghar Scheme is part of the government’s broader efforts to improve access to affordable housing. Officials expect the latest decision to support families seeking financial assistance for home ownership.
Authorities have said that participating institutions will provide financing within the approved limits and in line with the programme’s rules. Loan eligibility and other requirements will continue to be determined under the scheme’s established criteria.
The government believes the expansion will encourage greater participation in the housing finance sector while making affordable home loans available to more citizens. The decision reflects ongoing efforts to improve financial access and strengthen support for Pakistan’s housing market through both banking and non-banking financial institutions.
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