The Economic Coordination Committee (ECC) of the Cabinet has approved revised features of the “Mera Ghar Mera Aashiana (MGMA)” mortgage financing scheme, increasing the maximum loan limit to Rs. 10 million.
The meeting was held at the Finance Division under the chairmanship of Muhammad Aurangzeb, Federal Minister for Finance and Revenue.
The ECC reviewed a summary submitted by the Ministry of Housing and Works seeking approval for updated parameters of the low-cost housing initiative aimed at improving access to affordable home financing.
Key Highlights of the Revised Scheme
- Maximum loan limit increased to Rs. 10 million
- Targeted support for low- and middle-income households
- Mortgage financing through participating banks and financial institutions
- Focus on expanding homeownership and formal housing development
The “Mera Ghar Mera Aashiana (MGMA)” scheme is designed to address Pakistan’s housing shortfall by enabling eligible citizens to secure affordable financing for the construction or purchase of housing units.
Officials said the revised structure is intended to make home financing more accessible amid rising construction costs and property prices, while also stimulating growth in the housing and construction sectors.
The decision reflects the government’s broader effort to promote affordable housing, boost economic activity, and provide relief to families seeking homeownership.