Punjab Chief Minister Maryam Nawaz recently shared more details about the ‘Apni Chhat, Apna Ghar’ scheme. This program is designed to help people own their homes without paying any interest. The scheme will be rolled out in three stages to ensure that everyone can benefit. Below, we’ll discuss the key points of this initiative, how it works, and what it means for those looking to own a home.
| Point | 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
Stages of the Housing Scheme
The ‘Apni Chhat, Apna Ghar’ scheme will be implemented in three stages. First, in rural areas, people can get loans up to Rs1.5 million to build houses on plots up to 10 marlas. The monthly payment for this loan will be Rs14,000. Second, in urban areas, the same loan amount will be available for plots up to 5 marlas, with the same monthly payment. Finally, in major cities, the government will build four-story flats on government land, which will be offered to people through a lottery system on easy installments. This phased approach ensures that people from all parts of Punjab can benefit from the scheme.
Government Support and Private Housing Schemes
In addition to the government-constructed flats, private housing schemes will also offer homes ranging from 3 to 5 marlas. The government will provide a subsidy of up to Rs1 million per house in these private schemes. This support will make it easier for people to afford their homes. The goal is to reduce the financial burden on low-income families and help them achieve the dream of homeownership.
Key Benefits of the Scheme
- Interest-free loans for building homes on residential plots.
- Affordable monthly payments of Rs14,000.
- Easy access to government-constructed flats in major cities.
- Subsidies for homes in private housing schemes.
Recognition of Akhuwat’s Contributions
During the announcement, CM Maryam Nawaz also acknowledged the efforts of Dr. Amjad Saqib, the Founder and Chairman of Akhuwat Foundation. She praised Akhuwat’s contributions to the welfare of the people, especially in helping low-income families achieve financial stability. The Chief Minister emphasized that the ‘Apni Chhat, Apna Ghar’ scheme is already underway and will continue to expand each year to support more people in Punjab.
Conclusion
The ‘Apni Chhat, Apna Ghar’ scheme is a significant step toward making homeownership a reality for many low-income families in Punjab. With its focus on interest-free loans, affordable payments, and government support for private housing, the program aims to lift the financial burden off the shoulders of those who need it the most. As the scheme continues to expand, it will provide more opportunities for people across Punjab to secure their own homes.
Also Read: Low-Cost Housing Project to Expanded Every Year: CM Maryam Nawaz
FAQs
How much loan can I get under the ‘Apni Chhat, Apna Ghar’ scheme in 2014-25?
You can get a loan of up to Rs 1.5 million to build a house on plots ranging from 5 to 10 marlas.
What are the monthly installments for the loan?
The monthly installment for the loan is Rs14,000 for this scheme.
Are there any interest charges on the loan?
No, the loans provided under this scheme are interest-free in 2024-25.
Can I apply for a flat in a major city?
Yes, flats in major cities will be allocated through a lottery system and offered on easy installments.