The Punjab Government has recently announced that one million rupees will be allocated for each new house under the “Apni Ghar Apni Chhat” (AGAC) scheme. This was revealed after a significant meeting between the Chief Minister of Punjab, Maryam Nawaz Sharif, and Dr. Amjad Saqib, the Founder and Chairman of Akhuwat. During this meeting, they discussed various important initiatives aimed at improving the lives of low-income families in Punjab. The scheme is a big step towards providing affordable housing to those who cannot afford it on their own.
| Key Points | Details |
| Allocated Amount per House | 1 Million Rupees |
| Initiative | Apni Ghar Apni Chhat (AGAC) Scheme |
| Main Focus | Providing affordable homes for low-income families |
| Implementation | Interest-free loans and government subsidies |
Table of Content
Maryam Nawaz’s meeting with Dr. Amjad Saqib
Maryam Nawaz Sharif, the Chief Minister of Punjab, is committed to providing affordable housing through the “Apni Ghar Apni Chhat” scheme. During her meeting with Dr. Amjad Saqib, she highlighted the importance of this initiative in helping low-income families become homeowners. The scheme is designed to ensure that even those with limited resources can own a home. Dr. Amjad Saqib praised the government’s efforts and emphasized that this initiative is one of the most significant and cost-effective housing projects in Pakistan’s history.
Government’s Plan for Subsidized Houses with Interest-Free Loans
The government has planned to provide these homes with the help of interest-free loans. This will reduce the financial burden on the people and make it easier for them to own a home. Maryam Nawaz stressed that the homes built under this scheme will be environmentally friendly and sustainable. The initiative is expected to improve the lives of countless families and create job opportunities for many people in the construction sector.
Benefits of the AGAC Scheme
- Interest-Free Loans: Beneficiaries will receive loans without any interest, making repayments easier.
- Government Subsidies: Each home will have up to one million rupees in subsidies.
- Sustainable Housing: The homes will be built using environmentally friendly materials.
- Job Creation: The construction of these homes will create jobs for many people.
Program Launch in Three Phases
The “Apni Ghar Apni Chhat” scheme will be launched in three phases. Each phase will target different areas and needs. In rural areas, people can apply for loans up to 1.5 million rupees for plots up to 10 marlas, while in urban areas, the loan limit is set for plots up to 5 marlas. The scheme offers easy monthly repayments of around 14,000 rupees, making it manageable for low-income families. Four-story apartments will be built on government land in major cities, and these will be distributed through an easy installment lottery plan. Additionally, private housing programs will offer three to five marla homes with government subsidies.
Government’s Focus on Sustainable and Affordable Housing
The government is not just focusing on providing homes but also ensuring that these homes are affordable and sustainable. Maryam Nawaz Sharif mentioned that this program would be the first in Pakistan to offer interest-free loans for home construction. The aim is to ensure that every family, regardless of their income, has a safe and affordable place to live. This focus on sustainability means that the homes will be built to last, using materials and designs that are good for the environment.
Impact of the AGAC Scheme on Punjab’s Housing Sector
The “Apni Ghar Apni Chhat” scheme is expected to have a significant impact on the housing sector in Punjab. By providing affordable homes, the government is addressing one of the biggest challenges faced by low-income families. The interest-free loans and government subsidies make it possible for these families to own a home, which would have been impossible otherwise. This scheme is not just about building houses; it’s about building a future for those who need it the most.
Conclusion
In conclusion, the “Apni Ghar Apni Chhat” initiative, led by Chief Minister Maryam Nawaz Sharif, is a major step forward in providing affordable housing to low-income families in Punjab. The scheme offers interest-free loans, government subsidies, and flexible repayment plans, making homeownership accessible to the underprivileged. This initiative will not only provide homes but also create job opportunities and promote sustainable living.
Also Read: BISP Meet Up with JazzCash for Digital Empowerment of Beneficiaries
FAQs
How much is allocated for each house under the AGAC scheme?
One million rupees is allocated for each new house under the “Apni Ghar Apni Chhat” scheme.
What are the benefits of the AGAC scheme now?
The scheme offers interest-free loans, government subsidies, sustainable housing, and job creation opportunities in the construction sector.
How will the AGAC scheme be implemented?
The scheme will be implemented in three phases, targeting different areas with specific loan amounts and easy repayment plans.