The Government of Punjab has recently launched the Apna Ghar Apni Chhat scheme, an interest-free loan program to help people build their own homes. Chief Minister Maryam Nawaz started the e-balloting process in Dera Ghazi Khan (DG Khan) by selecting the first lucky winner. This scheme provides financial support for those in need, offering loans ranging from 12 lakh to 15 lakh rupees. Winners are chosen through an e-ballot system, ensuring fairness in the process for all applicants.
| Loan Amount | Repayment Time | Interest | Application Method |
|---|---|---|---|
| 12 Lakh | 7 Years | Interest-Free | Online E-Balloting |
| 14 Lakh | 7 Years | Interest-Free | Online E-Balloting |
| 15 Lakh | 7 Years | Interest-Free | Online E-Balloting |
Details of E-Balloting and Loan Distribution
The first round of e-balloting for the Apna Ghar Apni Chhat Scheme was conducted in DG Khan, where Maryam Nawaz selected the lucky winners. These winners will receive loans to build their homes. The loan amounts vary between 12 lakh, 14 lakh, and 15 lakh rupees. All loans are interest-free, making this initiative a major relief for low-income families. The winners will receive their loans on 15th September 2024.
This loan program is designed to be easy for recipients. The repayment period is set at 7 years, with no additional interest. This means that those who receive the loan will only repay the amount they borrow, without any extra charges. The government has made this process simple to help as many people as possible.
What Loan Amount Will Be Offered?
In the Apna Ghar Apni Chhat Scheme, applicants can receive loans of 12 lakh, 14 lakh, or 15 lakh rupees. The amount is determined through the e-ballot process. All loans are provided without any interest, ensuring that applicants do not have to worry about paying extra fees. This scheme is aimed at making home construction affordable for low-income families.
The 7-year repayment period gives recipients enough time to repay the loan in small, manageable installments. The government is committed to providing financial support without adding any burdens. This makes the Apna Ghar Apni Chhat Scheme one of the most accessible housing programs in Punjab.
Who Can Apply for the Apna Ghar Apni Chhat Scheme?
To apply for this scheme, applicants must meet a few basic requirements. The program is open to all residents of Punjab who are registered in NADRA’s database. Applicants must also own a plot of land where they plan to build their home. The size of the plot should not exceed 5 marlas in urban areas and 10 marlas in rural regions.
Additional requirements include:
- The applicant must be head of their family.
- The applicant must reside in Punjab.
- The land must be used for residential purposes only.
- The applicant should not have any criminal record.
Main Benefits of Apna Ghar Apni Chhat
The Apna Ghar Apni Chhat Scheme offers several advantages for low-income families. The biggest benefit is that the loan is completely interest-free, making it easier for families to focus on building their homes without worrying about financial stress. The 7-year repayment plan is also very flexible, allowing recipients to pay back the loan in small installments.
Key benefits:
- Interest-free loans for home construction.
- Loan amounts of 12, 14, or 15 lakh rupees.
- 7-year repayment period with no extra charges.
- Fair and transparent e-balloting process.
How to Apply for the Scheme
Applying for the Apna Ghar Apni Chhat Scheme is simple and can be done online. Applicants must visit the official ACAG website and fill out an online application form. This form requires basic details such as personal information and plot ownership proof. Once the form is completed, it will be processed, and eligible applicants will be included in the e-balloting system.
The e-balloting process is random, ensuring that the winners are selected fairly. If you meet the eligibility requirements, it is recommended to apply as soon as possible to have a chance at winning the loan.
Conclusion
The Apna Ghar Apni Chhat Scheme provides a valuable opportunity for low-income families in Punjab to build their homes without financial stress. With interest-free loans ranging from 12 lakh to 15 lakh rupees and a 7-year repayment period, this program is designed to make homeownership a reality for many. The transparent e-balloting process ensures fairness, and those selected will receive their loans by 15th September 2024.
FAQs
1. How much loan can I get under the Apna Ghar Apni Chhat Scheme?
You can receive a loan of 12 lakh, 14 lakh, or 15 lakh rupees, based on the e-balloting results.
2. Is there any interest on the loan?
No, the loan is completely interest-free.
3. What is the repayment period for the loan?
You have 7 years to repay the loan.
4. Can anyone apply for the scheme?
Yes, anyone who meets the eligibility criteria, such as being a resident of Punjab and owning a plot of land, can apply.