What is Roshan Pakistan Apna Ghar scheme?

The “Roshan Pakistan Apna Ghar” scheme is a housing finance initiative launched by the Government of Pakistan aimed at facilitating Pakistanis living abroad to own property in their home country. The scheme aims to encourage overseas Pakistanis to invest in the real estate sector of Pakistan by providing them with favorable financing options and incentives. It enables overseas Pakistanis to purchase or construct residential properties through designated banks or financial institutions with flexible terms and competitive interest rates. The scheme is part of the government’s efforts to promote economic growth and development by leveraging the financial resources and investments of the Pakistani diaspora. In here, Complete details about, What is Roshan Pakistan Apna Ghar scheme?

What is Roshan Pakistan apna ghar scheme in Pakistan

• What is Roshan Apna Ghar?
• What is the markup rate in Roshan Apna Ghar?
• Who is eligible for Apna Ghar scheme?
• What is Apna Ghar?

What is Roshan Apna Ghar?

The Roshan Apna Ghar scheme extends housing finance opportunities to all clients of the Roshan Digital Account (RDA), Naya Pakistan Certificates (NPCs), and Islamic Naya Pakistan Certificates (INPC). This initiative allows individuals to access funding for purchasing or constructing homes, leveraging the benefits of these digital and investment platforms.

What is the markup rate in Roshan Apna Ghar?

Roshan Apna Ghar offers variable markup rates tied to the 1 Year KIBOR (benchmark) along with the bank’s margin. The bank’s margin, which is added to the benchmark rate, can be as minimal as 1.5% for non-lien-based financing. Exclusive pricing is provided by the bank for lien-based financing options.

Who is eligible for Apna Ghar scheme?

This scheme is available for low-income individuals and families living in Punjab, allowing them to apply for housing assistance.

What is Apna Ghar?

Apna Ghar is an organization dedicated to eradicating gender violence through a comprehensive model that considers both macro and micro-level factors contributing to the distinct challenges encountered by our program participants.

Benefits of Roshan Pakistan Apna Ghar Scheme:

The Roshan Pakistan Apna Ghar Scheme offers a multitude of benefits for both overseas Pakistanis and the economy of Pakistan as a whole:

1. Empowerment of Overseas Pakistanis: The scheme empowers overseas Pakistanis by providing them with an opportunity to invest in property back home, thereby fostering a sense of connection and belonging to their homeland.
2. Economic Growth and Development: By channeling investments from overseas Pakistanis into the real estate sector, the scheme contributes to economic growth, job creation, and infrastructure development in Pakistan.
3. Diversification of Investment Portfolio: The scheme allows overseas Pakistanis to diversify their investment portfolio by including real estate assets, thus reducing reliance on traditional investment avenues.
4. Strengthening of Financial Institutions: The scheme strengthens the capacity and resilience of financial institutions by expanding their customer base and enhancing their expertise in housing finance.
5. Addressing Housing Needs: By facilitating access to housing finance, the scheme helps address the housing needs of the population, particularly low and middle-income families, thereby promoting social equity and inclusivity.

Challenges and Opportunities:

While the Roshan Pakistan Apna Ghar Scheme presents immense potential, certain challenges and opportunities need to be addressed for its successful implementation:

1. Regulatory Framework: Streamlining the regulatory framework governing the scheme is essential to ensure clarity, consistency, and compliance with international standards.
2. Awareness and Outreach: Enhancing awareness and outreach efforts among overseas Pakistanis is crucial to maximize participation and uptake of the scheme.
3. Financial Literacy: Improving financial literacy among overseas Pakistanis can empower them to make informed decisions regarding property investment and housing finance.
4. Market Dynamics: Monitoring market dynamics and trends is essential to adapt the scheme to changing economic conditions and investor preferences.
5. Collaboration and Partnership: Collaboration and partnership among various stakeholders, including government agencies, financial institutions, and real estate developers, are essential to ensure the effective implementation and sustainability of the scheme.

Eligibility Criteria:

While the Roshan Pakistan Apna Ghar Scheme aims to be inclusive, certain eligibility criteria are put in place to ensure the effective implementation of the initiative:

1. Overseas Pakistanis: The scheme is exclusively available to Pakistanis residing abroad, including expatriates and overseas workers.
2. Valid Documentation: Applicants must provide valid documentation proving their status as overseas Pakistanis, along with other necessary documents as per the requirements of the financing institution.
3. Compliance with Regulatory Requirements: Applicants must comply with the regulatory requirements set forth by the government and the financing institution to qualify for financing under the scheme.