The “Apni Chhat Apna Ghar” scheme offers interest-free loans of 15 lakh rupees to low-income families in Punjab for home construction. Launched by Chief Minister Maryam Nawaz, the scheme aims to help around 70,000 families who do not own a home. The application process is now open, and individuals can apply online by submitting personal and financial documents.
| Key Details | Information |
| Loan Amount | 15 lakh rupees |
| Monthly Installment | Rs. 14,000 over 7 years |
| Eligible Families | Low-income, non-homeowners |
| Registration Method | Online through the official website |
Contents
CM Maryam Nawaz’s Initiative
Maryam Nawaz introduced this scheme to make homeownership easier for low-income families across Punjab. She emphasized that the 15 lakh rupees offered as an interest-free loan will make it possible for thousands of families to build their homes. The Chief Minister assured that the government is committed to ensuring every citizen has a home.
Eligibility and Application Process
To qualify for the scheme, applicants must be residents of Punjab and should not already own a home. The registration process has already started, and nearly 200,000 people have applied. If you haven’t registered yet, visit the official website and provide the required documents, including your National Identity Card and proof of income.
Important Points:
- Must be a resident of Punjab
- No existing home ownership
- 15 lakh loan with no interest
- Payback through manageable installments
Documents Required
Applicants need to submit several documents to verify their eligibility for the loan. These include a copy of their National Identity Card, proof of monthly income, and any property information if applicable. The documentation ensures that the loan is provided to deserving individuals who need financial assistance to build their homes.
Installment Plan and Payment Options
The 15 lakh loan can be repaid through an affordable installment plan. Borrowers will pay Rs. 14,000 per month over seven years. Additionally, Maryam Nawaz announced that the first three months of installments will be waived, offering further relief to those facing financial hardships. This plan is designed to be manageable and to prevent financial strain.
Vision Behind the Scheme
The goal of the Apni Chhat Apna Ghar scheme is to provide affordable housing for low-income families. The Punjab government is focused on helping citizens who have struggled to own a home due to high costs. This initiative not only provides financial assistance but also promotes homeownership and stability for families in need.
Conclusion
The Apni Chhat Apna Ghar scheme is a game-changing initiative that offers low-income families the opportunity to build their own homes with a 15 lakh interest-free loan. The registration process is simple, and with the flexible installment plan, it is designed to help families achieve homeownership without financial stress.
Also Read: How to Apply for Loan Under ‘Apni Chat Apna Ghar’ Scheme in 2024 (New Method)
FAQ
Who can apply for the Apni Chhat Apna Ghar 15 lakh loan?
The scheme is open to low-income families in Punjab who do not currently own a home. Applicants must be residents of Punjab.
Is the loan really interest-free?
Yes, the 15 lakh loan under the Apni Chhat Apna Ghar scheme is completely interest-free, with repayment in easy installments over seven years.
What documents are required for applying?
Applicants need to submit their National Identity Card, proof of monthly income, and property details if applicable.
What happens if I can’t pay the installments?
Maryam Nawaz announced that the first three months of installments will be waived, offering some relief for those struggling financially.