The Maryam Nawaz Loan Scheme is a government initiative aimed at providing financial assistance to citizens of Punjab. The second phase of registration for the Apni Chhat Apna Ghar scheme has now started, offering another opportunity for those who missed out on the first phase. This program enables eligible applicants to receive a loan of up to Rs15 lakh from the Punjab government, which is to be repaid in monthly installments over seven years, without any interest.
| Scheme Details | Key Points |
| Loan Amount | Rs15 lakh |
| Interest Rate | Zero interest |
| Repayment Period | 7 years |
| Monthly Installment | Rs14,000 |
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Updates and Progress
The first phase of the Apni Chhat Apna Ghar scheme has concluded successfully. The results of the balloting for phase one were announced, and those selected began receiving their first loan installments on September 15, 2024. With this loan, recipients can now start the construction of their homes. The second phase of the scheme has been launched, and those interested can register online through the official website of the Apni Chhat Apna Ghar Scheme.
How to Apply for the Second Phase
To apply for the second phase of the Maryam Nawaz Loan Scheme, the process has been kept simple and user-friendly. Applicants must visit the official website of the Apni Chhat Apna Ghar Scheme and create an account by providing their CNIC, phone number, and basic details. After logging in, applicants are required to upload necessary documents such as a photo of their National Identity Card (both sides) and property ownership documents. Once the application is submitted, it will be processed, and eligible candidates will be included in the balloting process.
Key Steps for Registration
- Visit the official Apni Chhat Apna Ghar Scheme website (acag.punjab.gov.pk).
- Create an account using your CNIC and phone number.
- Upload necessary documents like your CNIC, property papers, and bank details.
- Submit the application after agreeing to the terms and conditions.
Benefits of the Maryam Nawaz Loan Scheme
The loan offered under this scheme is interest-free, which makes it affordable for everyone. With a seven-year repayment period, applicants will pay Rs14,000 per month. This structure is designed to ease the financial burden on families, allowing them to build their homes without worrying about excessive costs.
- Interest-free loans for home construction.
- Flexible repayment options spread over seven years.
- Easy registration process online.
- Transparent loan distribution through balloting.
Conclusion
The Maryam Nawaz Loan Scheme’s second phase provides a valuable opportunity for those who need financial support to build their homes. With an easy registration process and interest-free loans, this scheme offers much-needed relief to families across Punjab. By following the steps outlined above, eligible applicants can benefit from this initiative and begin constructing their homes with the financial help provided by the government.
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FAQs
Can I still apply for the Maryam Nawaz Loan Scheme in 2024-25?
Yes, registration for phase II has started, and eligible individuals can apply online.
What documents are required to apply for the loan in 2024-25?
You need to submit your CNIC and property documents to be eligible for the loan.
What is the eligibility criteria for the loan in 2024-25?
Applicants must own a 5-marla plot in urban areas or a 10-marla plot in rural areas.