The Punjab government launched a major housing effort called the Apna Ghar Apni Chat Scheme. Low-income families will find it simpler to become homeowners thanks to this program, which enables residents to apply for interest-free loans to build their own homes. Since the program’s launch, hundreds of people have applied, anxious to get funding for the construction of their homes. The response has been astounding.
| Aspect | Details |
| Loan Amount | 15 lakh PKR |
| Monthly Installment | 14,000 PKR |
| Repayment Term | 7 years |
| Interest Rate | Zero |
15,000 Applications for Apna Ghar Apni Chat Scheme
Over 15,000 applications have been received for the AGAC Interest-Free Loan under the Apna Ghar Apni Chat Scheme, according to the most recent information provided by the Punjab government. Residents of Punjab are welcome to participate in this project, and the feedback received thus far has been very encouraging. For those who haven’t applied yet, it’s an easy process that can be completed in person at the authorised registration office or online through the official portal.
Details of the 15,000 Applications
657 Gujranwala residents were chosen in the first phase to get loans out of 15,000 applicants. The program will help 2,628 city dwellers in total over its four phases. The program’s goal is to create housing options for a variety of communities in Punjab, with an emphasis on both urban and rural locations. This program aims to alleviate the lack of housing and give families the chance to become home owners.
Key Features of the Apna Ghar Apni Chat Scheme
In order to lower the cost of homeownership, the Apna Ghar Apni Chat Scheme provides the following important features: Reasonably priced Payment options: The program offers reasonably priced payment options to families with modest incomes. For every housing unit, the Punjab government provides a 60% subsidy, which means that just 40% of the entire cost must be paid over a five-year period. Assurance of Quality: High sustainability and building requirements are met during the construction process, guaranteeing durable and environmentally friendly residences. Model Houses: To provide families with an idea of what the housing units would look like, model homes will be built in six weeks.
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Target Areas for the Punjab Housing Scheme
The Punjabi population, both urban and rural, is the objective of the Apna Ghar Apni Chat Scheme:
- Rural Areas: Families in rural areas can construct their homes on large pieces of land thanks to interest-free financing available for up to 10 marla plots.
- Urban Areas: The plan calls for the construction of 3-5 marla homes in private developments and 4-story apartment buildings on public property in urban areas.
- Each house in these private developments is eligible for up to 10 lakh PKR in government subsidies.
How to Apply for the Punjab Housing Program 2024
- Use these procedures to apply for the AGAC Interest-Free Loan:
- Please visit https://acag.punjab.gov.pk/, the official website.
- On the website’s upper left corner, select the “Register” button.
- Fill out the online application form with precise information.
- Fill out the form and submit it to finish registering.
As an alternative, you can apply via the Punjab Information Technology Board (PITB) webpage or by contacting the toll-free number 080009100.
Who Can Apply for the AGAC Housing Scheme 2024?
The following requirements must be fulfilled in order to apply for the Apna Ghar Apni Chat Scheme:
- According to NADRA data, the family head must be present. Must be a CNIC-based permanent resident of Punjab.
- At the time of application, you must own up to 5 marla of land in urban areas or 10 marla of land in rural regions.
- Must not be in default on a loan or have a criminal record.
- must have a PMT score of 60 or lower and be registered with the National Socio-Economic Registry (NSER).
Conclusion
The public has responded incredibly well to the Apna Ghar Apni Chat Scheme; over 15,000 applications for interest-free loans have already been received. This program provides significant discounts and flexible repayment arrangements to enable low-income families to become homeowners. It is anticipated that hundreds of families would be assisted in realising their dream of home ownership as the program spreads throughout the several regions, offering stability and security for the future.