13 June 2024

 Mera Pakistan Mera Ghar (MPMG) Markup Subsidy Scheme 2024

In light of the pressing need to enhance the availability of adequate housing in Pakistan and recognize the pivotal role of the construction sector in stimulating economic activities, the Government of Pakistan has embarked on an ambitious journey to significantly increase the number of housing units in the coming years. This vision not only aims to address the housing shortage but also seeks to boost economic growth by creating employment opportunities and driving investment in related industries.

 Mera Pakistan Mera Ghar (MPMG) Markup Subsidy Scheme

State Bank of Pakistan’s Supportive Measures

Since July 2020, the State Bank of Pakistan (SBP) has been actively involved in supporting the provision of financing for the housing and construction sector. One notable initiative introduced in October 2020 is the Government Markup Subsidy Scheme, popularly known as the Mera Pakistan Mera Ghar (MPMG) markup subsidy Scheme. This scheme, available in both conventional and Islamic modes, enables banks to provide financing for the construction and purchase of houses at highly subsidized financing rates, specifically targeting the low to middle-income segments of the population.

To further bolster this initiative, the government has continually refined the features of the MPMG scheme based on stakeholder feedback. The liberalization of the scheme in March 2021 aimed to extend its benefits to a larger portion of society, aligning with the government’s vision of inclusive economic growth.

Key Features of Mera Pakistan Mera Ghar Scheme

Under the MPMG Scheme, financing can be availed for various purposes including purchasing a house, purchasing a plot and constructing thereupon, extending a pre-owned housing unit, or constructing on an already-owned plot. Eligibility criteria ensure that all Pakistanis with valid CNIC and NICOP, particularly first-time house owners, can benefit from this scheme. Additionally, for projects under the Naya Pakistan Housing and Development Authority (NAPHDA), eligible candidates are shortlisted by NAPHDA and forwarded to banks for financing upon request.

Loan Terms and Financing Rates

Customers have the flexibility to choose financing tenors ranging from 5 to 20 years. Financing is available under two categories: for NAPHDA projects and non-NAPHDA projects. The maximum financing amount under the scheme is Rs. 2.7 million, with specific criteria regarding the size and type of housing unit. Notably, the financing rates are highly subsidized, with tiered rates for different periods, ensuring affordability for borrowers.

Mera Pakistan Mera Ghar (MPMG) Installment Plan

SBP’s Regulatory Initiatives

The SBP has undertaken several regulatory measures to create a conducive environment for financing under the MPMG Scheme. These include relaxation of the Debt Burden Ratio (DBR), exemption from certain income verification requirements, and standardization of loan application and property documentation processes. Additionally, technological solutions have been developed to streamline the credit approval process and enhance data acquisition from primary sources.

Support Mechanisms and Complaint Resolution

To facilitate applicants and address any grievances, the SBP has established a comprehensive complaint resolution mechanism. This includes an online complaint management system and help desks across the country. The complaint resolution time is set at a maximum of 8 working days, ensuring prompt redressal of issues faced by applicants.

Helpline support for Mera Ghar Scheme

Helpline: +92 (0) 3377786786


The MPMG Scheme represents a significant step towards fulfilling the government’s vision of increasing housing availability and fostering economic growth in Pakistan. With supportive measures from the SBP and concerted efforts from various stakeholders, this initiative is poised to make homeownership more accessible to a wider segment of society, thereby contributing to the overall development and prosperity of the nation.

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Masroor Anwar

I am Masroor Anwar, an experienced SEO expert and the owner of Techinblog. With a wealth of experience, I specialize in optimizing content to enhance online visibility and reach. You can reach me at entirestech@gmail.com. Through Techinblog, I strive to share articles that offer valuable insights and assistance to people, catering to their diverse needs and interests.

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One thought on “ Mera Pakistan Mera Ghar (MPMG) Markup Subsidy Scheme 2024

  1. Usually I do not read article on blogs however I would like to say that this writeup very compelled me to take a look at and do it Your writing style has been amazed me Thank you very nice article

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