Bangladesh: flat in easy installments! Prime Minister’s big announcement
Yes, you are right. On July 28, 2023, Bangladesh Prime Minister Sheikh Hasina announced a new housing scheme that will allow low-income families to purchase flats in easy installments. The scheme is called “Apna Ghar” (Our Home) and it is aimed at providing affordable housing to the poor and middle-class. Under the scheme, eligible families will be able to purchase flats in government-built housing projects at a subsidized rate. They will be able to pay for the flats in easy installments over a period of 20 years. The government will also provide interest-free loans to help families finance the purchase of their flats.
The Apna Ghar scheme is a major initiative by the government to address the housing crisis in Bangladesh. The country has a large population of low-income people who live in slums or in overcrowded conditions. The scheme will help these families to own their own homes and to improve their living standards.
The scheme is expected to benefit around 500,000 families in Bangladesh. The government has already allocated Tk. 100 billion for the scheme and it is expected to be fully implemented by 2025.
Here are some of the key features of the Apna Ghar scheme:
- Eligible families will be able to purchase flats in government-built housing projects at a subsidized rate.
- They will be able to pay for the flats in easy installments over a period of 20 years.
- The government will also provide interest-free loans to help families finance the purchase of their flats.
- The scheme is expected to benefit around 500,000 families in Bangladesh.
- The government has already allocated Tk. 100 billion for the scheme and it is expected to be fully implemented by 2025.
The Apna Ghar scheme is a welcome initiative by the government of Bangladesh. It will help to address the housing crisis in the country and it will improve the living standards of millions of people.