Updated Eligibility Criteria for Apna Ghar Apni Chat Program by Punjab Chief Minister
Here are the latest updates for all the residents of Punjab Province. The newly appointed Chief Minister of Punjab Maryam Nawaz has approved the Apna Ghar Apni Chat Programme and announced that 100,000 houses will be provided to eligible applicants in Punja at affordable prices. Some important announcements were made during the 15th Cabinet Meeting, including this one!
The Chief Minister will attend the 15th Cabinet Meeting in Lahore – Important Decisions!
A number of important decisions, including endorsing the Apni Chhat Apna Ghar initiative, were made during the 15th provincial cabinet meeting chaired by Punjab Chief Minister Maryam Nawaz Sharif. As part of this initiative, Maryam Nawaz has promised 100,000 affordable houses to the beneficiaries.
Three significant welfare programs approved by the Punjab cabinet include the Chief Minister’s Green Tractor Scheme, the Children’s Heart Surgery Program, and Apni Chhat… Apna Ghar.
AGAC to distribute 500,000 houses in 5 years
By discussing their five-year plan, Chief Minister Maryam Nawaz has discussed several essential issues to provide immediate and long-lasting relief for poor and underprivileged families. This agenda also promised to build 500,000 houses for Punjab residents, so that they could own them in easy installments, which are also interest-free.
For the first time in Pakistan, a house loan is conditioned on land ownership and a copy of the CNIC. An individual with a loan of Rs. 1.5 million must make monthly installment payments of Rs. 14,000 over nine years.
Detail Information On AGAC Eligibility Criteria
The “Apni Chhat, Apna Ghar” initiative is expected to be the first significant interest-free housing initiative in the nation’s history. The CM also spoke at the 15th Cabinet Meeting about some of the criteria that families should meet in order to qualify for the Apna Ghar Apni Chat Scheme:
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Punjab Government is providing a subsidy of 1 million per house
In exchange for a 40% down payment and a monthly payment schedule of Rs 26,000, buyers could purchase the project with a 60% government subsidy. Each unit cost Rs 1.5 million (15 lac).
Additionally, 3 to 5 marla homes will be available through private housing programs with PKR 1 million government subsidies.
Thousands of jobs are created for unemployed workers
According to her, the “Apni Chhat, Apna Ghar” program is aimed at housing economically disadvantaged groups. Subsidies will be provided by the government to encourage the construction of environmentally responsible and sustainable homes. It is estimated that millions of people will gain employment as a result of this initiative.
Maryam Nawaz reaffirmed the government’s commitment to raising living standards and decreasing homelessness with this large-scale housing project.
In conclusion
Overall, the Apna Ghar Apni Chat program is a crucial advancement in meeting the housing needs of underprivileged individuals in Punjab. Spearheaded by Chief Minister Maryam Nawaz, this initiative strives to offer affordable, interest-free housing to numerous families. The ultimate goal is to distribute 500,000 homes within five years. In addition to promoting homeownership for countless residents, this program will generate employment opportunities and boost economic stability within the province.