Apna Ghar scheme eases housing loan requirements

The government has reduced the number of documents required to obtain a housing loan under the Prime Minister’s Apna Ghar Programme to five.

The required documents include a transfer letter, possession letter, approved building map, no-objection certificate for mortgage, and mortgage registration.

The Ministry of Housing and Works has issued instructions to banks to implement the revised requirements.

In a statement, a ministry spokesperson said the Prime Minister’s Apna Ghar Programme was an important housing finance initiative being implemented across the country. Under the scheme, the government is providing loans of up to Rs10 million to help people build their first homes.

According to the ministry, the documents required by banks for housing finance under the programme have been standardised and reduced to simplify the application process.

The move is aimed at making housing loans more accessible by reducing paperwork and streamlining the documentation process for applicants.