Prime Minister house loan scheme
Prime Minister House loan scheme The Government of Pakistan has planned to increase the number of housing units in the coming years, keeping in mind the need to improve the availability of adequate housing in the country and the important role of the construction sector in boosting economic activity in other countries. Several initiatives are being taken from the program To support this initiative of the Government of Pakistan, State Bank of Pakistan is taking several initiatives to provide financing for the housing and construction sector from 2024.
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In September 2024, the Government of Pakistan Government Markup Subsidy Scheme, now commonly known as Mera Pakistan Mera Ghar (MPMG) Markup Subsidy Scheme, was launched by the Government in February 2025 to benefit the larger segment of the population residing in Pakistan. In the light of the feedback, the features of the MPMG scheme have been liberalized.
PM Loan Scheme 2024
Available in both traditional and Islamic modes, this scheme will be given interest-free to every deserving person so that the lowest-income sections can build their own houses at low financing rates.In recent days, Prime Minister Shahbaz Sharif while inaugurating the Youth Lawn Housing Scheme has said that the youth is the capital of our society because the development of a country depends on the prosperous section of that country. In the future, people between the ages of 21 to 45 years will be included in the scheme.To join this program you must have a National Identity Card Individuals of 18 years of age with business acumen are eligible to avail the loan scheme.
Shahbaz sharif Housing Loan scheme
Minimum age limit for commerce sector candidates is 18 years and minimum education should be intermediate. The age limit will be applicable only for sole proprietors in all other types of company; only one of the owners or directors need to be within this age limit.
Shahbaz Sharif Housing Loan Scheme 2024 is an important project launched by the Government of Pakistan with the objective of providing their own personal residence to the economically weaker sections of the country. Under this scheme, low-income people will be provided loans for building or buying houses in easy installments. In order to join the scheme, the applicant has to fulfill certain conditions, which include proof of eligibility and income within the prescribed financial limit.
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PM Housing Loan Scheme Online apply 2024
Registration for Prime Minister Youth Loan Scheme is done through an online portal, the form will be in both English and Urdu languages.The objective of this portal is to provide a central platform to the public through which all loan applicants can submit their applications directly to the respective banks. All applications will be submitted online only through the official website of the Government of Pakistan www.gov.pk
Follow the instructions below to complete the application form.
- Personal Information
- Business information
- Loan details
- Financing details
Prime Minister Youth Loan Scheme for business
The business loan scheme 2024 has been inaugurated by the Prime Minister Shahbaz Sharif, the aim of which is to provide financial support to the youth and entrepreneurs of the country by providing interest-free loans so that there is improvement in the start of business in the country.
Under this scheme, loans will be provided to youth and small entrepreneurs in various categories, which will be repayable in easy installments. Its aim is to reduce unemployment and make people self-reliant. This scheme will not only improve the economy of the country.
Types of Loans
1. Loan Types and Categories
The PM Loan Scheme offers a variety of loans, including term loans, working capital loans, financing for machinery, locally produced cars for business use, and Murabaha loans (an Islamic financing model). Each borrower is allowed to finance only one vehicle. However, for food franchising and distribution businesses, financing for multiple vehicles may be permitted. For civil works projects, up to 65% of the total loan limit can be used. Agriculture loans for production and development are also available.
2. Loan Tenure
For T2 and T3 loans, the maximum duration for long-term or development loans is eight years, including a one-year grace period. For Murabaha and working capital/production loans under T2 and T3, the maximum term is five years. Repayment for working capital and production loans is structured so that only the markup is paid in the first two years, while both the principal and markup are paid over the remaining three years.
3. Equity Contribution Requirements
After the loan is approved, the borrower is required to contribute equity, either in cash or real estate, according to the following structure:
- T2 Loans: 10% equity contribution from the borrower
- T3 Loans: 20% equity contribution from the borrower
- Existing Businesses: No equity contribution required across all tiers
Final Words
To know the details of the Prime Minister House Loan Scheme, you can get help from here. In the scheme which has been introduced in the name of Mera Pakistan Mera Ghar, the complete information of the loan is being given to you here.
If you want to get then it is easy under PM loan scheme the complete procedure of getting loan is explained here in detail and you can get loan information from here those who want loan information want to get But they don’t know how to get the loan information so they can check the complete details shown in the article and after that get the loan amount.