The Punjab government has stated that one million rupees will be allocated to each new house under the “Apni Ghar Apni Chhat” (AGAC) initiative. This was revealed following a key meeting between Punjab Chief Minister Maryam Nawaz Sharif and Akhuwat’s founder and chairman, Dr. Amjad Saqib. During the discussion, they reviewed a number of key projects aimed at improving the lives of Punjab’s low-income households. The initiative is a significant step toward providing cheap housing to those who cannot afford it on their own.
| Key Points | Details |
| Allocated Amount per House | 1 Million Rupees |
| Initiative | Apni Ghar Apni Chhat (AGAC) Scheme |
| Main Focus | Providing affordable homes for low-income families |
| Implementation | Interest-free loans and government subsidies |
Maryam Nawaz’s meeting with Dr. Amjad Saqib
The Chief Minister of Punjab, Maryam Nawaz Sharif, is committed to delivering inexpensive homes under the “Apni Ghar Apni Chhat” initiative. During her discussion with Dr. Amjad Saqib, she emphasized the importance of this project in assisting low-income families to become homeowners. The policy is intended to ensure that even individuals with minimal finances can purchase a property. Dr. Amjad Saqib lauded the government’s efforts, stating that this endeavor is one of the most significant and cost-effective housing initiatives in Pakistan’s history.
“اپنی گھر اپنی بات” پروجیکٹ کو تین مرحلوں میں نافذ کیا جائے گا۔ ہر مرحلہ الگ الگ علاقوں اور ضروریات کو پورا کرے گا۔ دیہی علاقوں کے لوگ 10 مرلہ تک کے پلاٹوں کے لیے 15 لاکھ روپے تک کے قرضے کے لیے درخواست دے سکتے ہیں، تاہم شہری علاقوں میں زیادہ سے زیادہ 5 مرلہ کا قرضہ مقرر کیا گیا ہے۔ اس اقدام میں تقریباً 14,000 روپے کی ماہانہ ادائیگی آسان ہے، جس سے یہ کم آمدنی والے خاندانوں کے لیے قابل برداشت ہے۔ چار منزلہ فلیٹس اہم شہروں میں سرکاری اراضی پر بنائے جائیں گے اور آسان قسطوں پر لاٹری سسٹم کے ذریعے تقسیم کیے جائیں گے۔ مزید برآں، پرائیویٹ ہاؤسنگ پروجیکٹ حکومتی سبسڈی کے ساتھ تین سے پانچ مرلہ گھر فراہم کریں گے۔
Government’s Plan for Subsidized Houses with Interest-Free Loans
The government plans to supply these homes through interest-free loans. This will lower the financial strain on people and make it easier for them to purchase a property. Maryam Nawaz emphasized that the homes constructed under this project will be environmentally friendly and sustainable. The project is expected to benefit countless families while also creating work possibilities in the construction industry.
Benefits of the AGAC Scheme
- Interest-Free Loans: Beneficiaries will receive loans with no interest, making repayment easier.
- Government Subsidies: Each residence will receive up to a million rupees in subsidies.
- Sustainable Housing: The dwellings will be built with eco-friendly materials.
- Job Creation: The development of these dwellings will employ many people.
Program Launch in Three Phases
The “Apni Ghar Apni Chhat” project will be implemented in three phases. Each phase will address distinct areas and needs. People in rural areas can apply for loans up to 1.5 million rupees for plots of up to 10 marlas, however, in urban areas, the credit maximum is fixed at 5 marlas. The initiative has easy monthly repayments of roughly 14,000 rupees, making it affordable for low-income families. Four-story flats will be built on government land in key cities and distributed using an easy installment lottery system. Additionally, private housing projects will provide three to five marla homes with government subsidies.
Government’s Focus on Sustainable and Affordable Housing
The government is focusing not only on supplying homes, but also on making them affordable and sustainable. Maryam Nawaz Sharif stated that this scheme will be the first in Pakistan to provide interest-free loans for home construction. The goal is to ensure that all families, regardless of income, have a safe and affordable place to reside. The emphasis on sustainability implies that the homes will be built to last, with environmentally friendly materials and designs.
Impact of the AGAC Scheme on Punjab’s Housing Sector
The “Apni Ghar Apni Chhat” initiative is predicted to have a major impact on Punjab’s housing market. The government is addressing one of the most pressing issues for low-income families by making cheap housing available. These families may now afford to acquire a home thanks to interest-free loans and government assistance. This initiative is about more than just building houses; it is about creating a future for those who need it the most.