AGAC Program Begins Rs 15 Lakh Cash Distribution: 4th October 2024 Update For Applicants

CM of Punjab Maryam Nawaz has started a new cash disbursement process for applicants of the Apna Ghar Apni Chat Scheme in Punjab starting on 4th October 2024. All the applicants who have applied for the loan will receive it very soon from the Bank of Punjab. The lucky people are the ones who have their names on the first phase ballot and will receive a full loan of Rs 15 lakh in the first phase.

You can read the given post for more information on how the government of Punjab is providing money to eligible people for the Apna Ghar Apni Chat Scheme.

Agac cheques are being distributed by the Punjab government

Maryam Nawaz, Punjab’s principal minister, and Nawaz Sharif, president of the Pakistan Muslim League-Nawaz (PML-N), were the chief guests of the “Apni Chhat Apna Ghar” program.

On Wednesday, the Punjab government started distributing cheques to qualified families under the “Apni Chhat Apna Ghar” scheme. The families will receive the amount they have applied for.

Apna Ghar Apni Chat Scheme Receives 500,000 Applications

The Apna Ghar Apni Chat Scheme was launched in August by Chief Minister Maryam Nawaz and only then did the application process begin for the eligible people. As of now, the Punjab government has received millions of applications from the needy and eligible people and is working to support all of them.

In her remarks at the event, Maryam Nawaz said the Punjabi government is fulfilling Nawaz Sharif’s dream by allowing those in need to build their own homes. She stated that approximately 500,000 applications were received for the “Apni Chhat Apna Ghar” initiative.

E-Balloting For AGAC Programme Will Be Held Every Month

Each month, she announced, a draw-through ballot would be held for those in need to receive loans up to Rs 1.5 million.

As part of the scheme, the Punjab government will construct 100,000 homes every year, according to Maryam Nawaz.

An interest-free loan of Rs 1.5 million is available to applicants

“Apni Chhat, Apna Ghar” is the nation’s first interest-free housing project.

It was the first time in Pakistan that a housing loan based on land ownership or CNIC was approved by the provincial government. In nine years, a borrower of Rs. 1.5 million will have to make monthly installment payments of Rs. 14,000 per month.

Housing Loans & Subsidies for Rural, Urban, and Major Cities

In rural areas, loans are available up to PKR 1.5 million for houses up to 10 marlas, repayable in monthly installments of PKR 14,000 per month.
For homes up to 5 marlas, loans up to PKR 1.5 million can be obtained, repayable in monthly installments of PKR 14,000 each.
In major cities, four-story apartments will be built on government land, distributed by lottery, and paid for in convenient installments.

In addition, private housing programs will offer 3 to 5 marla homes with a maximum government subsidy of PKR 1 million each.

Also Read: Eligibility And District Quota For AGAC Scheme

Apna Ghar Apni Chat Scheme Online Application

Follow these steps to apply for AGAC, the Punjab government’s new housing program.

You must click on the link provided to complete your online application: acag.punjab.gov.pk
Upon arriving at this page, click the Register button at the top left corner.
Consequently, a new application form will open, which you must complete online.
Click Register after completing the columns to allow the government to process your registration.

In conclusion

As part of its Apna Ghar Apni Chat scheme, the Punjab government provides interest-free loans of up to Rs 15 lakh to eligible families to help them build their own homes. With regular e-balloting and convenient monthly installments, this program offers a great opportunity for people in rural, urban, and major cities to secure affordable housing.

Share On