Great news for low-income families in Punjab! 🙌
The Securities and Exchange Commission of Pakistan (SECP) has approved regulatory relaxations for Non-Banking Microfinance Companies (NBMFCs), enabling them to actively participate in the “Apni Chhat Apna Ghar” (ACAG) affordable housing scheme.
💡 What Is the ACAG Scheme?
The “Apni Chhat Apna Ghar” initiative is a flagship housing project by the Government of Punjab aimed at making affordable housing accessible to low-income households across the province.
Through this scheme, eligible families will be able to purchase or build homes with the support of easy and inclusive financing options.
🤝 Role of NBMFCs in Housing Finance
NBMFCs have long been instrumental in supporting underserved and rural populations by offering:
- Microloans for small businesses 💼
- Livelihood support 💪
- And now, affordable housing finance 🏘️
These companies bridge the gap where traditional banks often do not reach, offering services tailored for low-income households.
✅ What Does SECP’s Approval Mean?
With this regulatory nod from SECP, microfinance companies can now:
- 🏡 Provide housing loans under the ACAG scheme
- 📈 Expand their services to include long-term housing finance
- 🤲 Empower marginalized communities with access to secure housing
This move supports SECP’s mission to advance financial inclusion and promote inclusive economic growth by giving more people the financial tools to improve their lives.
🌍 A Step Toward Inclusive Growth
This decision underscores a larger vision: a financially inclusive Pakistan where everyone, regardless of income, has access to fundamental financial services—including home ownership.
By supporting the ACAG scheme, NBMFCs are now positioned to offer dignified, secure housing opportunities to those who need them most.
🔗 Learn More
To explore more about microfinance policies and housing initiatives, visit the official SECP Website.
📣 Final Thoughts
This is a powerful step toward a future where more Pakistanis can say: “Yes, this is my home.” 🏠
Stay informed and help spread the word about this impactful change in Pakistan’s housing finance landscape!
