Punjab Chief Minister Maryam Nawaz has revealed additional information about the ‘Apni Chhat, Apna Ghar’ project for 2024. This program attempts to assist people in obtaining their own homes without having to pay any interest on loans. The plan will be implemented in three stages, providing assistance to residents in rural, urban, and big metropolis areas. Below, we’ll look at the scheme’s essential characteristics and what they represent for Punjab residents trying to buy a home.
| Feature | Detail |
| Interest | No interest on loans |
| Loan Amount | Up to Rs1.5 million |
| House Size | 5 to 10 marlas |
| Monthly Payment | Rs14,000 |
Support for Rural and Urban Areas
The ‘Apni Chhat, Apna Ghar’ initiative allows rural residents to acquire loans of up to Rs1.5 million to build houses on plots of up to 10 marlas. The monthly payment on these loans will be Rs14,000. Similarly, in metropolitan areas, the same loan amount is offered for residences on plots of up to 5 marlas, with the same monthly repayment. This initiative is intended to assist people in both rural and urban parts of Punjab in realizing their ambition of homeownership without the burden of interest payments.
‘اپنی چھٹ، اپنا گھر’ اقدام دیہی باشندوں کو 10 مرلہ تک کے پلاٹوں پر گھر بنانے کے لیے 15 لاکھ روپے تک کے قرضے حاصل کرنے کی اجازت دیتا ہے۔ ان قرضوں کی ماہانہ ادائیگی 14,000 روپے ہوگی۔ اسی طرح، میٹروپولیٹن علاقوں میں، 5 مرلہ تک کے پلاٹوں پر رہائش کے لیے ایک ہی قرض کی رقم کی پیشکش کی جاتی ہے، اسی ماہانہ ادائیگی کے ساتھ۔ اس اقدام کا مقصد پنجاب کے دیہی اور شہری دونوں حصوں میں لوگوں کو سود کی ادائیگیوں کے بوجھ کے بغیر گھر کی ملکیت کے اپنے عزائم کو پورا کرنے میں مدد فراہم کرنا ہے۔
Housing Plans for Major Cities
Residents in large cities will be offered four-story flats under the proposal. While the specific loan amounts for these flats have not been specified, the government intends to award them via a lottery system. These flats will be built on government land, with easy payment options, allowing more people in cities to purchase their houses.
Benefits of the Scheme
- Interest-free loans for residential construction in both rural and urban locations.
- Rs14,000 in monthly installments is affordable.
- Easy access to government-built flats in major cities via a lottery system.
- Subsidies for private housing developments.
Subsidies in Private Housing Schemes
In addition to the government’s plans, private housing developments will provide dwellings ranging from three to five marlas. The government will grant subsidies of up to Rs1 million per house under these private initiatives. This assistance aims to alleviate the financial load on families and make homeownership more accessible to everybody. By providing these subsidies, the government is ensuring that even more people profit from the plan.
Acknowledgment of Akhuwat’s Role
During a recent visit, Dr. Amjad Saqib, founder and chairman of the Akhuwat Foundation, lauded Chief Minister Maryam Nawaz’s efforts in introducing the ‘Apni Chhat, Apna Ghar’ project. He recognized her efforts to develop affordable homes for low-income households. The Chief Minister also acknowledged Akhuwat’s contributions and announced that the low-cost housing plan is currently underway. She highlighted that the program will expand each year, reaching more individuals throughout Punjab.
Conclusion
The ‘Apni Chhat, Apna Ghar’ plan represents a significant step forward in assisting low-income families in Punjab to own their homes. This initiative is aimed to make homeownership accessible to a wide range of people by offering interest-free loans, low monthly payments, and government subsidies. As the initiative grows, more people in both rural and urban locations will be able to acquire a place of their own.