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PESHAWAR, Apr 15 (APP):The Khyber Pakhtunkhwa government (KP) has launched the “Ehsaas Apna Ghar Scheme” aimed at providing interest-free and Shariah-compliant loans to low-income residents of the province.
According to provincial authorities on Tuesday, the scheme is designed to support the poor and lower-middle class in building, repairing, or upgrading their own homes.
The people who already owned a land or wish to extend their current houses are eligible to receive loans of up to Rs. 1.5 million.
The loan can be repaid in easy installments over a period of seven years, with a maximum monthly payment of Rs. 18,000. Only those earning less than Rs. 100,000 per month are eligible to apply.