LAHORE: The Punjab government has doubled its interest-free housing loan disbursement target under the flagship “Apni Chhat Apna Ghar” (ACAG) scheme for the current financial year, after already disbursing more than Rs 243 billion to eligible families, officials announced on Monday.
Officials made the decision during a high-level review meeting chaired by Punjab’s Housing and Urban Development Minister, Bilal Yasin, to assess progress on interest-free loan disbursements under the programme.
The session was attended by Punjab Housing and Town Planning Agency (PHATA) Director General Sikandar Zeeshan, Urban Unit CEO Umar Masood, and representatives from the Bank of Punjab and various microfinance institutions.
Participants were informed that the scheme has received an unprecedented volume of applications, prompting Chief Minister Maryam Nawaz Sharif to direct that the loan disbursement target be doubled within the ongoing fiscal year.
Officials noted that the programme has already set a record by releasing over Rs 243 billion in interest-free financing in a relatively short span. To date, more than 200,000 loan applications have been approved, with 114,237 houses fully constructed and another 45,254 currently under construction.
Addressing the meeting, Minister Yasin directed authorities to immediately release all pending payments under the scheme and called for stronger monitoring mechanisms to ensure transparency and efficiency.
He instructed authorities to take swift action on any complaints about delays in loan disbursement, reaffirming that the programme’s core objective is to provide deserving, homeless families with a dignified and secure place to live.
He further remarked that the Chief Minister has redirected public funds toward welfare-oriented and public-service initiatives. The Minister also directed the Punjab Information Technology Board (PITB) to accelerate coordination among stakeholders to ensure prompt resolution of applicant grievances.
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