The AGAC Interest-Free Loan Program Has Received Over 15,000 Applications

As part of the Apna Ghar Apni Chat Scheme, the Punjab government allows residents to apply for their own homes or obtain interest-free loans so that they can establish their own homes. As many residents are in a wait for someone to assist them with getting their own house, the government has received thousands of loan applications since the Program began, demonstrating the success of their project.

Apni Chat Housing Scheme Receives 15,000 Applications

A recent update from the Punjab Government indicates that more than 15,000 applications have been received by Punjab residents for AGAC Interest-Free Loans, and the process is ongoing throughout the entire state. It is very easy to apply for the Apna Ghar Apni Chat Scheme through the Online Portal, so if you have not applied for it yet, use the easiest way to do it. You can also apply through the Registration Office.

Details of 15,000 AGAC Interest-Free Loan Program

During the first phase of the initiative, 657 Gujranwala residents were selected for loans. The initiative is intended to reach a wide variety of geographies, with major intentions to reach greater urban centers. During its four stages, 2,628 Gujranwala residents will receive something from the initiative.

The complete details of Apna Ghar Apni Chat

Punjab Chief Minister Maryam Nawaz announced the scheme’s launch and listed its benefits at a ceremony in Dera Ghazi Khan:

Amount of Loan: 15 lakh PKR
Installments per month: 14,000 PKR
Repayment Term: Seven Years
Interest Rate: Zero

Punjab Housing Scheme: Key Features

Reasonably priced Payment Plans: The Chief Minister has directed officials to reduce down payments and monthly installments so that people with low incomes can become homeowners.

Each unit will cost PKR 1.5 million, with a 60% subsidy from the Punjab government. Families will only be required to pay 40% over five years.

Quality Assurance: Sustainability and building criteria are stressed in order to guarantee that the dwellings will be long-lasting and environmentally friendly.
Model Houses: During the next six weeks, model houses will be built to showcase the design and features of the future housing units.

Areas targeted by the Punjab Housing Scheme

Both urban and rural residents can benefit from the program:

For up to 10 marla plots in rural areas, interest-free loans are available
The government will provide subsidies for up to Rs 10 lakh per house in private developments. The government will construct 4-story apartment buildings on public property and build 3–5 marla homes under private initiative.

How To Apply For Punjab Housing Scheme?

Through the Government’s new website, you can apply online by following these steps:

First of all, you need to visit the given link for your online application: https://acag.punjab.gov.pk/
Upon landing on this page, click the Register Button in the upper left corner,
In this case, a new application form will appear that needs to be filled out online with all the necessary information,
Press the Register button once you have filled out the columns,
For your registration to be processed by the government.

To apply, call 080009100, which is a toll-free number, or visit the PITB website. Applications from approved housing colonies are handled by a dedicated desk.

Who Can Apply For AGAC Housing Scheme 2024?

If you want to apply for the Apna Ghar Apni Chat Scheme, you must meet the following requirements:

According to NADRA records, the applicant is ahead of his/her beta (nucleus) family.
The applicant is a permanent resident of Punjab according to his/her CNIC.
At the time of online application submission, the applicant is the sole owner and possessor of a parcel of land measuring 5 Marla or less in urban areas and up to 10 Marla in rural areas anywhere in Punjab.
It is not acceptable for the applicant to have a criminal record, such as being convicted of anti-state, anti-social activities, or heinous crimes.
The applicant should not be in default with any financial institution/bank, etc.
A household with a PMT score of 60 or less is registered with the National Socioeconomic Registry (NSER).

Apna Ghar Apni Chat Scheme Future Plans

As part of the program, more than 3,000 dwelling units will be constructed in every district, starting with Rawalpindi, Multan, Faisalabad, Sialkot, and Sargodha, which are the five largest cities in Pakistan. In Lahore, construction will begin with 5,000 homes near Raiwind Road.

In conclusion

Consequently, more than 15,000 applications for interest-free loans have already been submitted by Punjab residents for the Apna Ghar Apni Chat Scheme. Through flexible payment plans and substantial subsidies, the program offers low-income families an affordable pathway to home ownership. As the initiative progresses, it aims to provide thousands of new housing units across various districts, providing hope and stability to many families.

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