Punjab Chief Minister Maryam Nawaz has shared new details about the ‘Apni Chhat, Apna Ghar’ scheme for 2024. This program aims to help people secure their own homes without having to pay any interest on loans. The initiative will be introduced in three stages to offer support to residents in rural, urban, and major city areas. Below, we’ll explore the key features of the scheme and what it means for those looking to own a home in Punjab.
| Feature | Detail |
| Interest | No interest on loans |
| Loan Amount | Up to Rs1.5 million |
| House Size | 5 to 10 marlas |
| Monthly Payment | Rs14,000 |
Table of Content
Support for Rural and Urban Areas
Under the ‘Apni Chhat, Apna Ghar’ scheme, residents in rural areas can receive loans of up to Rs1.5 million to build houses on plots of up to 10 marlas. The monthly payment for these loans will be Rs14,000. Similarly, in urban areas, the same loan amount is available for homes on plots of up to 5 marlas, with the same monthly payment. This scheme is designed to help people in both rural and urban areas of Punjab achieve their dream of homeownership without the burden of interest payments.
Housing Plans for Major Cities
In major cities, the scheme will offer four-story flats to residents. While the exact loan amounts for these flats have not been specified, the government has planned to allocate these flats through a lottery system. These flats will be constructed on government land, and the payment plans will be easy to manage, making it possible for more people in the cities to own their homes.
Benefits of the Scheme
- Interest-free loans for home construction in both rural and urban areas.
- Affordable monthly installments of Rs14,000.
- Easy access to government-constructed flats in major cities through a lottery system.
- Subsidies for homes in private housing schemes.
Subsidies in Private Housing Schemes
In addition to the government’s plans, private housing schemes will also offer homes ranging from 3 to 5 marlas. The government will provide subsidies of up to Rs1 million per house in these private schemes. This support aims to reduce the financial burden on families and make homeownership more accessible to everyone. By offering these subsidies, the government is helping to ensure that even more people can benefit from the scheme.
Acknowledgment of Akhuwat’s Role
During a recent visit, Dr. Amjad Saqib, the founder and chairman of the Akhuwat Foundation, praised Chief Minister Maryam Nawaz for her efforts in launching the ‘Apni Chhat, Apna Ghar’ scheme. He acknowledged her commitment to expanding affordable housing for low-income families. The Chief Minister also appreciated Akhuwat’s contributions and revealed that the low-cost housing initiative is already in progress. She emphasized that the program will grow each year, reaching more people across Punjab.
Conclusion
The ‘Apni Chhat, Apna Ghar’ scheme is a major step forward in helping low-income families in Punjab own their homes. With interest-free loans, affordable monthly payments, and government subsidies, this program is designed to make homeownership achievable for many. As the scheme continues to expand, it will provide even more opportunities for people in both rural and urban areas to secure a place they can call their own.
Also Read: Apni Chhat, Apna Ghar’ Scheme: Monthly Installments for 5 and 10 Marla Houses
FAQs
Can residents from all areas of Punjab apply for this scheme?
Yes, residents from rural, urban, and major city areas in Punjab are eligible to apply for this scheme.
What happens if I cannot pay the monthly installment on time?
If you are unable to pay the monthly installment on time, it is important to contact the scheme’s administration immediately to discuss your options and avoid penalties.
Are there any restrictions on the types of houses that can be built with this loan?
The loan can be used to build houses that comply with the local building regulations and the guidelines set by the scheme.
Is there a deadline to apply for the ‘Apni Chhat, Apna Ghar’ scheme?
The scheme is expected to expand each year, but it’s recommended to apply as soon as possible to take advantage of the current phase.
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