Please refer to IH&SMEFD Circular No. 07 of 2021 whereby all banks/DFIs were advised to develop and deploy income estimation models/proxy models for assessment of income and repayment capacity for low-cost housing finance applicants with informal sources of income.

2. The banks/DFIs/MFBs shall use the same model for assessment of income and repayment capacity of the applicants under Wazir-e-Azam's Apna Ghar Program.

3. Please ensure dissemination of these instructions across your branch network and the housing finance team(s).