ISLAMABAD – Prime Minister Shehbaz Sharif has announced several measures to simplify the procedure for PM house loan scheme 2026, providing relief to the applicants.
The premier has reduced the processing period for loan applications, which are submitted in banks, to 15 working days and cutting the number of required documents from 25 to five under the Prime Minister’s Apna Ghar Scheme.
The decisions were discussed at a high-level meeting chaired by the prime minister to review access to financing for housing, small and medium-sized enterprises (SMEs) and the agricultural sector.
Federal ministers, the prime minister’s adviser, the minister of state for finance, chief executives of several banks and senior officials attended the meeting.
During the briefing, officials informed the participants that loans worth Rs448 billion had been approved for 75,198 applicants under the Apna Ghar Scheme. Of these, 14,000 individuals had received loans amounting to Rs76 billion.
The government has set a target of providing Rs700 billion in housing finance this year to support the construction of 125,000 residential units.
Officials also reported progress in agricultural financing. Loans to the agricultural sector have reached Rs1,352 billion, benefiting approximately 3.455 million people. By June 2027, the government aims to increase agricultural lending to Rs1,500 billion and expand the number of beneficiaries to 4.5 million.
In the SME sector, more than 352,000 businesses have received loans totalling Rs1,137 billion. The target for June 2027 is to increase SME financing to Rs1,500 billion and extend loans to 575,000 businesses.
The meeting was also informed that efforts were underway to strengthen banks’ institutional capacity to support the three priority sectors. Work is continuing to promote developer financing, and a committee has been established for this purpose.
Officials further outlined steps to revise SME regulations and make housing finance procedures simpler and more efficient.
Addressing the meeting, Prime Minister Shehbaz Sharif stressed that timely access to loans for housing, SMEs and agriculture was essential for economic growth. He also emphasised the role of banks in expanding financing for these priority sectors.
