The Punjab government has launched the Apni Chhat Apna Ghar program to provide affordable housing for families across the province. This initiative aims to build 100,000 homes, focusing on financially vulnerable groups. The program is expected to ease the housing burden for many people, offering interest-free loans with easy repayment plans.
| Details | Information |
| Program | Affordable housing for families |
| Loan Amount | Up to PKR 1.5 million |
| Installments | Monthly payments of PKR 14,000 |
| Duration | 9 years |
Contents
CM Maryam Nawaz’s Vision for Housing
The Apni Chhat Apna Ghar program was introduced under the leadership of Chief Minister Maryam Nawaz Sharif. She emphasized the importance of providing housing for low-income families, especially in rural and urban areas. This program is the first of its kind in Pakistan, offering loans on the ownership of plots and a copy of the CNIC. The goal is to simplify the loan process and make housing more accessible for everyone.
Housing Loan Details and Benefits
The loan provided under this program will be interest-free, allowing borrowers to pay back PKR 14,000 monthly over nine years. This initiative is designed to remove the additional burden of interest from the people. The government is also working to simplify the loan application process by reducing scrutiny and making it easier for families to apply.
Key Features of the Loan Program
- Loans of up to PKR 1.5 million
- Monthly installment of PKR 14,000
- No additional charges or hidden costs
- Nine-year repayment period
Housing in Rural, Urban, and Major Cities
The Apni Chhat Apna Ghar program offers various housing options depending on the location. In rural areas, loans of up to PKR 1.5 million are available for homes built on plots up to 10 marlas. In urban areas, the same loan amount is offered for homes on plots up to 5 marlas. In major cities, the scheme involves building four-story flats on government land, which will be allocated through a lottery system and provided on easy installments.
Green Tractor Program
In addition to housing, the provincial cabinet also approved the Green Tractor Program, which aims to provide 9,500 tractors to landowners. This program will give a subsidy of PKR 1 million per tractor to landowners possessing up to 50 acres of land. The balloting for this program will take place on October 20th, after its official launch on September 20th.
Conclusion
The Apni Chhat Apna Ghar program is a revolutionary step by the Punjab government to provide affordable housing to families in need. By offering interest-free loans, simplifying the application process, and building sustainable homes, this initiative is expected to improve living standards across the province.
Also Read: Documents Required for Apni Chat Apna Ghar Program Registration 2024
FAQs
Who is eligible for the loans under the Apni Chhat Apna Ghar scheme in 2024?
Residents of Punjab who own residential plots of up to 5 marlas in cities or 10 marlas in rural areas are eligible for the scheme.
How is the loan amount distributed now?
The loan of up to PKR 1.5 million is distributed in easy monthly installments over seven years.
What is the interest rate on the loan now in 2024?
The loan is offered interest-free to eligible applicants.
How can I apply for this housing scheme now?
You can apply through the official Apni Chhat Apna Ghar portal provided by the Punjab government.