The “Apni Chhat, Apna Ghar” program is undoubtedly a groundbreaking initiative launched by Chief Minister Maryam Nawaz. Not only does it offer interest-free loans, but it also aims to help families build their dream homes in Punjab. What Is Maximum Loan For Apni Chhat Apna Ghar Scheme? This program aims to construct 5 lakh homes over the next five years, directly addressing the housing crisis and supporting low-income families.
Loan Amount and Repayment
Under this scheme, eligible citizens can receive loans of up to Rs. 15 lac. Moreover, the program allows citizens to repay the loan over seven years, with monthly installments set at an affordable Rs. 14,000. In addition, this financial support aims to cover 50% to 60% of the home construction cost, thereby making homeownership possible for many families.
Here’s a summary of the loan details for the ‘Apni Chhat, Apna Ghar’ scheme:
| Feature | Details |
|---|---|
| Maximum Loan Amount | Rs. 15 lac |
| Repayment Period | 7 years |
| Monthly Installments | Rs. 14,000 |
| Coverage of Construction Cost | 50% to 60% |
| Goal | Facilitate homeownership for many families |
Eligibility Criteria For ‘Apni Chhat, Apna Ghar’ Housing Scheme
To qualify for the “Apni Chhat, Apna Ghar” scheme, applicants must:
- Be the head of their household (as per NADRA records).
- Be permanent residents of Punjab.
- Own a land plot of up to 5 Marlas in urban areas or 10 Marlas in rural areas.
- Have no outstanding debts or criminal record.
- Be registered with NSER, having a PMT score of 60 or lower.
- Earn below Rs. 50,000 per month or live in a rental property.
Target Cities and Payment Plans
The program initially focuses on cities like Lahore, Rawalpindi, Faisalabad, Sialkot, and Sargodha. Around 5,760 houses will be built in the first phase. Monthly payments start at PKR 26,000 for the constructed homes.
Application Process
Interested applicants can apply through the official online portal (acag.punjab.gov.pk) or call 0800-09100 for further details. This initiative promises to uplift families, providing them with secure housing and financial stability. Moreover, Chief Minister Maryam Nawaz’s commitment to the public remains steadfast, and this program reflects her dedication to improving the lives of Punjab’s residents. Stay tuned for more information.
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