The Punjab government has started distributing cash under the Apna Ghar Apni Chat (AGAC) program. This program helps people get loans to build their homes. On October 4, 2024, CM Maryam Nawaz launched a new phase of this program where applicants will start receiving Rs. 15 lakh loans. The loans are being disbursed by the Bank of Punjab. Applicants who applied for the scheme and are selected through the ballot will receive their loans in the first phase.
| Details | Information |
| Launch Date | August 2024 |
| Loan Amount | Rs. 1.5 million (15 Lakh) |
| Application Process | Online via official portal |
| Repayment Plan | Rs. 14,000 monthly installments |
Table of Content
Loan Distribution for AGAC Scheme
Under this scheme, Punjab’s government is helping families by providing them with interest-free loans to build their homes. This effort is part of Maryam Nawaz’s initiative to support people with housing needs. The Apna Ghar Apni Chat Scheme is designed to give loans of up to Rs. 1.5 million (15 lakh) for constructing houses. The first group of applicants will receive their full loan in the coming days. Those selected through a monthly e-balloting process will benefit from this program, allowing them to start building their homes soon.
500,000 Applications Received
Since its launch in August 2024, the Punjab government has received about 500,000 applications from people hoping to build their own homes under this scheme. The process is open to all eligible families, and the government is working to support them in different phases. Maryam Nawaz explained that this project is part of former Prime Minister Nawaz Sharif’s vision to give every family a safe and secure home. Loans will be provided to help construct houses, with each applicant receiving up to Rs. 1.5 million.
Key Benefits of the Program:
- Interest-free loans
- Loans up to Rs. 1.5 million
- Monthly e-balloting for new applicants
- Rs. 14,000 monthly installment repayment plan
E-Balloting Held Monthly
The Punjab government will hold e-balloting every month to select applicants who qualify for loans under the AGAC program. Each month, lucky candidates will be chosen through a transparent ballot process. Maryam Nawaz announced that the goal is to allow 100,000 people to construct houses every year. This monthly e-ballot system will continue until all eligible families have received loans. The loan process is simple, and families can apply online to register for the upcoming balloting.
Interest-Free Loans for Home Construction
This program is the first large-scale housing project in Pakistan offering interest-free loans for house construction. The loans will help people in rural, urban, and major city areas build their own homes. Rural areas will get loans for up to 10 marla houses, while urban areas will receive loans for up to 5 marla houses. In big cities, the government will construct four-story residential buildings and offer easy installments to the residents. The goal is to provide secure housing to all sections of society.
Easy Online Application Process
To apply for this scheme, people can easily complete the process online. The Punjab government has set up an official portal where eligible individuals can register. By clicking the register button on the website, applicants can fill in their personal details and submit their form. Once registered, they will be entered into the monthly ballot for the chance to receive a loan under the AGAC program.
Conclusion
The Apna Ghar Apni Chat Scheme is a significant effort by the Punjab government to provide interest-free loans for housing. With a focus on transparency and ease, this initiative helps families in rural, urban, and major city areas build their homes through manageable monthly installments. Regular e-balloting ensures that the process is fair and inclusive, giving more families the chance to benefit from the program each month.
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FAQs
Who is eligible for the AGAC program now?
Eligible families in Punjab who need financial assistance for home construction can apply.
How can I apply for the loan now?
You can apply through the Punjab government’s official portal and complete the registration process online.
What is the loan repayment plan now?
The loan can be repaid in monthly payments of Rs. 14,000 for a period of nine years.