Applications of Rs154bn under MPMG received by banks: SBP

Dunya News

Bank lending for affordable housing gains momentum

ISLAMABAD (Dunya News) – State Bank of Pakistan (SBP) has revealed that since the launch of the Mera Pakistan Mera Ghar (MPMG) scheme, applications of Rs154billion have been received by banks.

According to stats by the central bank, by August 31, 2021, disbursement under the scheme has reached Rs11.5bn, showing an increase of around Rs3.8 billion or 49% in August 2021.

On average, to date banks have approved 38 percent of amount applied and 19 percent of approved amount has been disbursed.